Standard Motor Products, Inc. (NYSE: SMP) today announced the publication of its 2021 Corporate Social Responsibility and Sustainability Report. This report highlights the Company’s commitment to corporate sustainability and socially responsible actions as well as discloses the Company’s initiatives, goals and achievements related to its business, employees, communities, and the planet.
Eric Sills, Standard Motor Products’ Chief Executive Officer and President, stated, “I am proud to share our 2021 Corporate Social Responsibility and Sustainability Report that discusses our achievements in 2021 to enhance our environmental, social and governance profile. Our sustainability journey experienced much progress in the past year as we announced our intention to achieve net-zero greenhouse gas (GHG) emissions by 2050 and introduced specific reduction targets related to our scope 1 and scope 2 emissions. In addition, we have enhanced our climate-related disclosures to align with the standards of the Sustainable Accounting Standards Board (SASB) for Auto Parts and the Task Force on Climate-related Financial Disclosure (TCFD). Of equal importance are the actions that we have undertaken to ensure diversity, equity and inclusion (DEI) across the entire company. We recognize that we have a long way to go, but with the help of our DEI committee, we believe our efforts will result in a more productive, innovative and successful work environment for all employees of SMP.”