NORTHVILLE, Mich., Dec. 7, 2023
/PRNewswire/ -- For the fifth consecutive year, Cooper Standard (NYSE: CPS) has been named to
Newsweek's list of America's Most Responsible Companies
2024. The rankings are conducted by Newsweek and Statista
Inc., the world-leading statistics portal and industry ranking
provider.
The final list, which can be viewed on Newsweek's
website, recognizes the top 600 most responsible companies in
the United States spanning 14
industries. Cooper Standard has been
included on the list of most responsible companies in the
United States since the list's
inception five years ago.
"To be recognized for our environmental, social, and corporate
governance efforts for five consecutive years is a testament to
Cooper Standard's unwavering
commitment to our core values," said Jeffrey Edwards, chairman and CEO, Cooper Standard. "Together with our
stakeholders, we will continue to create sustainable solutions that
will further position Cooper
Standard for long-term success in the markets we serve."
America's Most Responsible Companies ranking focuses on a
holistic view of corporate responsibility that considers all three
pillars of ESG: Environment, Social, and Corporate Governance. The
analysis is based on two metrics to produce an overall score for
each company:
- KPI (key performance indicators) research: The KPI research
formed the first part of the detailed analysis. Over 30 KPIs have
been researched for the top 2,000 public companies by revenue with
headquarters in the U.S.
- Public Survey: The survey was the second part of the detailed
analysis to evaluate the companies' CSR (corporate social
responsibility) reputation. 17,000 U.S. residents were surveyed.
Respondents were asked to select companies familiar to them and
then to evaluate the company's CSR performance in general and in
the three subdimensions: social, environmental and governance.
Cooper Standard's commitment to
sustainability was formalized in 2014 by publishing its "Guiding
Principles for Social Responsibility and Sustainability". It was
accelerated in 2016 when the Company published its first Corporate
Responsibility Report (CRR). Cooper
Standard has continued to offer insights into the ESG topics
considered most important by the Company's stakeholders through its
annual CRR report that covers the Company's progress toward
world-class performance and actions to elevate value for all
stakeholders. Its most recent report, titled "Creating Sustainable
Solutions Together," reviews the ethical, environmental,
philanthropic and economic impact the Company has made over the
past year and sets new goals for its ESG efforts to further embrace
how it is evolving for a new future.
About Statista
Statista publishes hundreds of
worldwide industry rankings and company listings with high profile
media partners. This research and analysis service is based on the
success of statista.com, the leading data and business intelligence
portal that provides statistics, business relevant data, and
various market and consumer studies and surveys.
About Cooper
Standard
Cooper
Standard, headquartered in Northville, Mich., with
locations in 21 countries, is a leading global supplier of sealing
and fluid handling systems and components. Utilizing our materials
science and manufacturing expertise, we create innovative and
sustainable engineered solutions for diverse transportation and
industrial markets. Cooper
Standard's approximately 23,000 employees are at the heart
of our success, continuously improving our business and surrounding
communities. Learn more at www.cooperstandard.com or
follow us on LinkedIn, X,
Facebook, Instagram
or YouTube.
Contact: Chris
Andrews
Cooper Standard
(248) 596-6217
candrews@cooperstandard.com
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SOURCE Cooper Standard