Cooper Tire & Rubber Company Issues 2014 Global Sustainability Report
By Business Wire News
Cooper Tire & Rubber Company today released its third annual corporate social responsibility and sustainability report—“Responsibility the Cooper Way.” The report conforms to international reporting protocol and is available on the company’s corporate website at http://coopertire.com/Corporate-Responsibility.aspx.
“As we begin our second century in the tire business, topics such as corporate social responsibility and sustainability are increasingly important,” said Cooper Chairman, Chief Executive Officer and President Roy Armes. “This report details our goals and progress on environmental protection as well as technology and innovation, safety, and philanthropy. Cooper is making progress on these initiatives and is committed to continuing to work on and report on our progress to key stakeholders,” he added.
Highlights from Cooper’s sustainability report include:
- Energy usage: Cooper has been working for many years to reduce energy usage, a key resource in the production of tires. The company has reduced energy usage intensity by 12 percent since 2009, and based on 2014 production levels, the company saved approximately 0.7 trillion joules of energy per year, which is equivalent to approximately 14.5 percent of current energy use.
- Water usage intensity: Cooper has reduced water usage intensity by 8 percent since 2009.
- Landfill usage intensity: Cooper landfill usage intensity has decreased nearly 40 percent since 2009.
- Materiality assessment: Cooper conducted a materiality assessment to effectively drive its sustainability strategy. The company identified the significant economic, environmental and social aspects of the business and prioritized those aspects for review and potential action in coordination with the company’s business objectives. The process revealed the aspects most important to Cooper stakeholders and the company is acting on those priorities.
- Sustainable tire innovation: Cooper collaborates with a number of entities and partners on tire raw materials and design, training, regulatory matters, scrap tire management and other sustainability topics. For example, Cooper and a number of universities and public/private sector partners are working together to develop more sustainable tires. Cooper also recently completed work under a U.S. Department of Energy (DOE) grant to develop ultra-light weight fuel efficient tires, exceeding the project’s goals.
- Safety Excellence System: Cooper continues to implement an employee safety excellence system that is the centerpiece of its “Drive to Zero” global safety campaign, which demonstrates the company’s commitment to injury prevention as a top priority by building a zero-injury culture.
“Corporate social responsibility has played an important role at Cooper because we have always known it is the right thing to do,” said Tom Wood, Cooper’s Director, Global Environmental Affairs. “We continue to work toward improving our performance and achieving sustainability improvements. The results in our report reflect Cooper’s commitment and the conviction of our employees toward a more sustainable future.”
About Cooper Tire & Rubber Company
Cooper Tire & Rubber Company (NYSE: CTB)is the parent company of a global family of companies that specializes in the design, manufacture, marketing and sale of passenger car and light truck tires. Cooper and its subsidiaries also sell medium truck, motorcycle and racing tires. Cooper’s headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design operations within its family of companies located in more than one dozen countries around the world. For more information on Cooper, visit www.coopertire.com, www.facebook.com/coopertire or www.twitter.com/coopertire.
Cooper Tire & Rubber Company
Anne Roman, 419-429-7189