Standard Motor Products Inc 2024 SR
The report highlights Standard Motor Products' progress toward its goal of carbon neutrality for Scope 1 and 2 emissions by 2050, achieving a 25% reduction in emissions intensity compared to its 2019 baseline. The company expanded its product offerings for electric and hybrid vehicles and successfully transitioned 98% of its sales fleet to plug-in hybrid vehicles. Social initiatives included being recognized as a 'Most Loved Workplace' and maintaining a low voluntary turnover rate of 6.6% among U.S. salaried employees. Governance was strengthened through the completion of a double materiality assessment and alignment with SASB and TCFD frameworks.
Company: Standard Motor Products Inc
Sector: Consumer Discretionary
Country: United States
Year: 2024
Type: SR
Pages: 49
Standard Motor Products Inc
Corporate Sustainability Report
The report highlights Standard Motor Products' progress toward its goal of carbon neutrality for Scope 1 and 2 emissions by 2050, achieving a 25% reduction in emissions intensity compared to its 2019 baseline. The company expanded its product offerings for electric and hybrid vehicles and successfully transitioned 98% of its sales fleet to plug-in hybrid vehicles. Social initiatives included being recognized as a 'Most Loved Workplace' and maintaining a low voluntary turnover rate of 6.6% among U.S. salaried employees. Governance was strengthened through the completion of a double materiality assessment and alignment with SASB and TCFD frameworks.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Net Zero Target