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Cooper Standard Holdings Inc.
Cooper Standard (NYSE: CPS) today issued its 2021 Corporate Responsibility Report (CRR), titled “Together” to reflect the Company’s updated purpose statement, “Creating Sustainable Solutions Together.” The report offers insights on key topics considered important by the Company's stakeholders, including its 2021 materiality assessment, new Company Purpose, Mission and Value statements, and an update on its Driving Value Plan. “Together is a word that brings strong meaning and represents an important element of Cooper Standard’s culture,” said Jeffrey Edwards, chairman and CEO, Cooper Standard. “While we have accomplished much together, we are not finished. Together, we will continue our quest to create the solutions needed for a sustainable business, sustainable products, sustainable partnerships and a sustainable future.” Cooper Standard conducted its first materiality assessment in 2016, and in 2021 completed its third assessment. This process, in line with best practices, helps ensure the Company is managing and reporting on the sustainability issues most important to the industry and its stakeholders. The most recent materiality assessment identified seven clear priorities that are critical to the Company’s sustainability efforts, which include its financial goal of achieving and sustaining double-digit adjusted EBITDA margins and returns on invested capital. The priorities include:
The 2021 CRR shares goals and discussions for these top issues, as well as other ESG and product-related topics. To view the current report, . 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 or follow us on Twitter @CooperStandard. # # # CPS_G Contact DetailsChris Andrews
Company WebsiteNews Source: News Direct
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1355841 18-May-2022
