NEW
YORK, April 19, 2023
/PRNewswire/ -- Standard Motor Products, Inc. (SMP) is proud
to announce the publication of its third Corporate Sustainability
Report that highlights SMP's continued commitment to being
environmentally and socially responsible. It also provides insights
into SMP's initiatives, future goals, and achievements in relation
to its business, employees, communities and the planet.
SMP's 2022 Corporate Sustainability Report
highlights a continued commitment to environmental and social
responsibility.
Eric Sills, Chief Executive
Officer of SMP, stated, "On behalf of our entire SMP family, I am
pleased to share with you our 2022 Corporate Sustainability Report.
To deliver on the objectives that we established in our previous
report, SMP has made significant enhancements to our environmental,
social, and governance profile. We believe that these initiatives
will provide long-term value to our Company, stakeholders, and the
communities within which we operate."
Highlights of this report include:
- The implementation of practices that contribute to a greener
car parc, including assisting in the control of vehicle emissions
and introducing additional components for hybrid and electric
vehicles
- Reduction of its carbon footprint and progress toward its
ambition to achieve net-zero greenhouse gas emissions by 2050, and
updates to its energy, water and waste management programs
- A reported reduction in scope 1 and 2 GHG emissions (Intensity)
by 11% compared to 2021, and 30% compared to the 2019 baseline
year, and a reduced total usage of water (Intensity) by 9% compared
to 2021, and 29% compared to the 2019 baseline year
- Enhancing diversity, equity, inclusion and belonging programs,
as well as employee training, development and retention, while
prioritizing health and safety
- Diversification of its Board of Directors
- The appointment of a director of global sustainability to
analyze opportunities, develop strategies, and monitor
environmental supply chain efforts worldwide
The 2022 Corporate Sustainability Report is now available at SMP
2022 Sustainability Report.
About SMP
With over 100 years in business, Standard Motor Products, Inc.
is a leading independent manufacturer and distributor of premium
automotive replacement parts utilized in the maintenance, repair
and service of vehicles in the automotive aftermarket industry. In
addition, SMP continues to increase its supplier capabilities with
a complementary focus on specialized original equipment parts for
manufacturers across multiple industries such as agriculture, heavy
duty, and construction equipment. SMP sells its products primarily
to automotive aftermarket retailers, program distribution groups,
warehouse distributors, original equipment manufacturers and
original equipment service part operations in the United States, Canada, Europe, Asia,
Mexico and other Latin American
countries. For more information, download the SMP Parts App or
visit SMPcorp.com.
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SOURCE Standard Motor Products, Inc.