Cooper Standard Issues 2018 Corporate Responsibility Report

NOVI, Mich., May 15, 2019 /PRNewswire/ -- Cooper Standard (NYSE: CPS) today issued its 2018 Corporate Responsibility Report (CRR), titled "Driving Value," highlighting the Company's progress on the topics considered most important by its internal and external stakeholders.

"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 Jeffrey Edwards, chairman and CEO, Cooper Standard. "Above all, the report highlights the progress our global team is making to drive value and create long-term sustainability on behalf of our stakeholders."

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 Cooper Standard and its external stakeholders, as well 10 secondary topics. All 15 topics are addressed in the report, including:

    --  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's Total Safety
        Culture, accomplishments and future priorities, as well as 2018 safety
        improvement examples.
    --  Diversity and inclusion: an overview of how Cooper Standard's culture
        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
        Foundation and employee engagement and support, the Company contributed
        more than $12 million to 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 Standard reorganized
        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's ongoing commitment to doing
        business with ethics and integrity.
    --  Information and data security: highlights how Cooper Standard continues
        to prioritize investments and accelerate the implementation of its
        information technology strategy.
    --  Materials management and chemical compliance: overview of Cooper
        Standard's Chemical 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 Cooper Standard's commitment to ESG topics, click here to view the full 2018 CRR.

About Cooper Standard

Cooper Standard, headquartered in Novi, Mich., is a leading global supplier of systems and components for the automotive industry. Products include sealing, fuel and brake delivery, and fluid transfer systems. Cooper Standard employs approximately 30,000 people globally and operates in 21 countries around the world. For more information, please visit www.cooperstandard.com.

Contact: Sharon S. Wenzl
Cooper Standard
(248) 596-6211
sswenzl@cooperstandard.com

CPS_G

View original content:http://www.prnewswire.com/news-releases/cooper-standard-issues-2018-corporate-responsibility-report-300851174.html

SOURCE Cooper Standard