#United States #Northville #SBTi #Cooper Standard #Emissions

Cooper Standard Achieves Validation for Emissions Reduction Goals

Cooper Standard, a prominent supplier of sealing and fluid handling systems, has recently announced an important milestone in its sustainability efforts. The Science-Based Targets initiative (SBTi) has validated the company's near-term emissions reduction targets. This recognition signifies that Cooper Standard's goals are aligned with the latest climate science, affirming their commitment to making a positive impact on the environment.

In the words of Jeffrey Edwards, the company's chairman and CEO, this validation represents a significant step for Cooper Standard. He highlights that having their emissions reduction goals recognized by the SBTi underscores their commitment to measurable and science-based targets. The validation also strengthens the company's business model, as they strive to deliver greater value to their customers while promoting responsible growth and sustainability.

Cooper Standard has set ambitious targets to significantly reduce greenhouse gas (GHG) emissions across its operations. The company's validated goals include a 60.83% reduction in absolute Scope 1 and Scope 2 GHG emissions by 2035, using a 2024 base year. Moreover, they aim to cut down on absolute Scope 3 emissions stemming from purchased goods, transportation, and waste generated during operational activities by 31.73% within the same timeframe.

To accomplish these objectives, Cooper Standard plans to implement various initiatives across its global operations:

• - Decarbonizing Operations: Through improved energy efficiency and process upgrades, the company aims to reduce its carbon footprint significantly.
• - Expanding Renewable Energy: Cooper Standard will increase its use of renewable energy sources whenever feasible, contributing to a greener energy landscape.
• - Collaborative Efforts: Engaging with partners and suppliers to tackle emissions across the value chain will be key to achieving their targets.
• - Innovation Investments: The company is committed to investing in innovations that foster the development of lower-carbon products and manufacturing methods.

The validation from SBTi supports Cooper Standard's ongoing drive to enhance operational performance while advancing its sustainability strategy. Additionally, it aligns with the company's longer-term aspirations of achieving carbon neutrality by 2040 in Europe and globally by 2050. By focusing on innovative technologies and responsible operations, Cooper Standard is dedicated to providing sustainable value for its stakeholders, community, and employees.

For further insights on Cooper Standard's environmental initiatives, you can visit their website at Cooper Standard Environmental Stewardship.

About the Science Based Targets initiative (SBTi)

The Science Based Targets initiative is a global organization that empowers companies to undertake corporate climate action by setting greenhouse gas emissions reduction targets. The SBTi establishes guidelines that help organizations align their strategies with the goals of the Paris Agreement to limit global warming. To learn more about SBTi, please refer to sciencebasedtargets.org.

About Cooper Standard

Headquartered in Northville, Michigan, Cooper Standard operates in 20 countries worldwide, providing innovative sealing and fluid handling solutions across various industries. With a diverse workforce of around 22,000 members, the company continuously seeks to improve not only its business practices but also the communities it serves. For more information on Cooper Standard, please visit Cooper Standard or follow them on social media platforms like LinkedIn, Facebook, and Twitter.