Highlights Progress on Environmental, Social, and
Governance Initiatives
NOVI,
Mich., April 10, 2024 /PRNewswire/ -- Stoneridge,
Inc. (NYSE: SRI) today published its inaugural sustainability
report which highlights the company's global
progress related to its environmental, social, and governance (ESG)
initiatives through fiscal year 2023.
"Stoneridge's inaugural Sustainability Report is a milestone in
our company's history as it reflects our commitment to integrating
sustainable practices throughout our business," said Jim Zizelman, president and CEO, Stoneridge,
Inc. "We're proud of the progress we have made thus far and look
forward to continuing to share the work Stoneridge is doing to
positively impact the world around us."
The Company's four sustainability pillars – Our Products, Our
Operations, Our People, and Our Governance – are the foundation of
this report, and the areas in which Stoneridge reports its
performance.
Accomplishments highlighted in the 2023 Sustainability report
include:
- 18.6% reduction of Absolute Scope 1 and Scope 2 GHG Emissions
against a 2019 baseline, exceeding initial targeted reduction by
3.6%
- Achievement of a B score on CDP Climate Change Disclosure
- Formation of Diversity, Equity, and Inclusion (DEI) committee
structure and strategy
- Published first Task Force for Climate-Related Financial
Disclosures (TCFD) Report
- Disclosed first Sustainable Accounting Standards Board (SASB)
Standards Index
- Alignment with United Nations (UN) Sustainable Development
Goals
For more information on the company's sustainability initiatives
and to view the full 2023 report, visit
www.Stoneridge.com/Sustainability.
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 for the automotive,
commercial, off-highway and agricultural vehicle markets.
Additional information about Stoneridge can be found
at Stoneridge.com.
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SOURCE Stoneridge, Inc.