Energy Efficiency, GHG Emissions, Industrial - April 10, 2024
Stoneridge Lowers Emissions by 18.6%
Stoneridge, Inc. announced an 18.6% reduction of absolute Scope 1 and Scope 2 GHG Emissions against a 2019 baseline, exceeding initial targeted reduction by 3.6%.
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, the company also achieved a B score on CDP Climate Change Disclosure and published its first Task Force for Climate-Related Financial Disclosures (TCFD) Report.
Stoneridge also disclosed its first Sustainable Accounting Standards Board (SASB) Standards Index, Its goals are in alignment with the United Nations (UN) Sustainable Development Goals.
Details were published in 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. in a statement. "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."
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