Standard Motor Products, Inc. (SMP) announced the release of its 2023 Corporate Sustainability Report that it said highlights SMP’s commitment to being a good corporate citizen with a focus on increasing its sustainability profile. The report provides insight into SMP’s initiatives, future goals and achievements in relation to its business, employees, communities and other stakeholders, according to the latest press information.
Eric Sills, Chairman and CEO of SMP, commented, “On behalf of our entire SMP family, I am pleased to share with you our 2023 Sustainability Report. SMP continues to enhance our sustainability efforts, and we remain committed to our initiatives to ensure positive sustainability change within our organization and all the communities in which we operate.”
Highlights of this report include:
- The development of additional powertrain-neutral safety and electrical products for the vehicles of today and tomorrow, including battery electric and hybrid electric vehicles
- Enhancement to its social programs including an additional focus on employee training and development initiatives
- Alignment of SMP’s commitment to standardized sustainability reporting with global applicable laws and regulations
- Reductions in Scope 1 and Scope 2 greenhouse gas (“GHG”) emissions working towards SMP’s stated goal of achieving carbon neutrality by 2050
