NOVI,
Mich., Jan. 31, 2024 /PRNewswire/
-- Stoneridge, Inc. (NYSE: SRI) announced today it has
published its first Task Force for Climate-Related Financial
Disclosures (TCFD) report. The Company's TCFD report can be
found at TCFD Report. This report aligns with the disclosure
recommendations of the TCFD and details efforts underway at
Stoneridge to address both the risks and opportunities related to
climate change. The TCFD was established by the Financial Stability
Board to develop consistent reporting recommendations that enable
companies to disclose climate-related information to stakeholders
in four areas: governance, strategy, risk management, and metrics
and targets. As of November
2023, the International Financial Reporting Standards (IFRS)
Foundation is monitoring companies' progress on recommendations
made by the TCFD.
"As a global supplier in the transportation industry, Stoneridge
continually works to better understand and manage climate-related
risks," said Susan Benedict, Chief
Human Resources Officer and Assistant General Counsel. "Our TCFD
report compiles the sustainability efforts of our organization into
a consistent reporting framework and represents another step in our
overall sustainability journey. We look forward to sharing progress
on our sustainability efforts through continued public disclosures,
including publishing our first Sustainability Report later this
year that will expand on other environmental, social, and
governance topics."
About Stoneridge, Inc.
Stoneridge, Inc., headquartered
in Novi, Michigan, is a global
designer and manufacturer of highly engineered electrical and
electronic systems, components and modules and systems for the
automotive, commercial, off-highway and agricultural vehicle
markets. Additional information about Stoneridge can be found at
www.stoneridge.com.
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SOURCE Stoneridge, Inc.