"We are pleased to publish our 2018 Corporate Responsibility Report, which provides an overview of our culture and commitment to environmental, social and governance (ESG) priorities, as well as an update on how we are evolving our business to adapt to a changing global economy," said
The Company recently completed its second materiality assessment to gain updated feedback from key internal and external stakeholders. The 2018 CRR is based on this feedback, which created a top tier of five topics that are of the highest importance to
- Talent management: details about the Company's strategy and commitment to creating and maintaining an environment that attracts diverse talent and empowers employees for success and growth.
- Workplace health and safety: updates on
Cooper Standard'sTotal Safety Culture, accomplishments and future priorities, as well as 2018 safety improvement examples.
- Diversity and inclusion: an overview of how
Cooper Standard'sculture values a diverse talent base and offers equal opportunities for all employees; and its three affinity groups created to further its diversity effort.
- Employee engagement: a look into the high levels of global employee engagement throughout all areas of the business.
- Human rights: highlights of the Company's recently published human rights policy and alignment with its Supplier Code of Conduct.
- Community involvement: spotlighting how, through the
Cooper Standard Foundationand employee engagement and support, the Company contributed more than $12 millionto 100+ charities in 18 countries since its creation in 2013.
- Product quality and safety: overview of the implementation of a standardized product safety checklist to an early review gate of a key launch process, as well as strategies in place to review key metrics for product launches.
- Innovation: details on the Company's continued investment in innovation resources, enhanced global facilities and the establishment of the
Advanced Technology Group.
- Product life cycle: introduction of an emerging topic based on the latest materiality assessment; the Company plans to monitor this topic closely.
- Customer satisfaction: description of how, concurrent with the transition to a more global organization,
Cooper Standardreorganized and repurposed the Global Commercial Council, now named the Global Customer Council, to reflect the Company's customer focus beyond commercial activity.
- Ethical business practices: details about the Company's enhanced code of conduct that reflects
Cooper Standard'songoing commitment to doing business with ethics and integrity.
- Information and data security: highlights how
Cooper Standardcontinues to prioritize investments and accelerate the implementation of its information technology strategy.
- Materials management and chemical compliance: overview of
Cooper Standard'sChemical Compliance Center of Excellence to monitor customer material specifications and global chemical regulatory requirements.
- Energy and greenhouse gas emissions: details about the newly initiated global project for energy reduction that focuses on smart operation and simple, non-capital changes.
- Waste: updates on the Company's quest to achieve 90% or greater landfill-free status in its manufacturing facilities.
To learn more about these topics, and other aspects of
Contact: Sharon S. Wenzl