Cooper Standard Establishes Carbon Neutral Targets in Updated Corporate Responsibility Report

Core Insights - Cooper Standard released its 2024 Corporate Responsibility Report titled "Transformation: Change is Constant," highlighting its commitment to ethical practices, environmental stewardship, philanthropy, and financial strength [1] - The report includes a commitment to develop near-term science-based targets for achieving carbon neutrality by 2040 in Europe and by 2050 globally [1] Sustainability and Corporate Strategy - The company emphasizes the need for agility and adaptability to meet regulatory standards and customer requirements, reflecting on a transformation over the past five years to enhance competitiveness while focusing on sustainability [2] - In 2024, Cooper Standard conducted its first double materiality assessment aligned with the European Union's Corporate Sustainability Reporting Directive, partnering with a third party to evaluate impact, risk, and opportunity statements [2] Key Priorities in Corporate Responsibility - The 2024 report outlines priorities including energy management, greenhouse gas emissions, climate change adaptation, product lifecycle, workforce engagement, human rights, business ethics, and customer satisfaction [3] - The company aims to benchmark against peers and exceed industry standards, detailing measurable progress in addressing stakeholder needs through transparent strategies [4] Company Overview - Cooper Standard is a leading global supplier of sealing and fluid handling systems, headquartered in Northville, Michigan, with operations in 20 countries and approximately 22,000 team members [5]