Cooper Tire & Rubber Company Issues 2014 Global Sustainability Report
August 05 2015 - 8:30AM
Business Wire
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 CompanyCooper 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.
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Cooper Tire & Rubber CompanyAnne Roman,
419-429-7189alroman@coopertire.com
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