June 28, 2022

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Nexteer Releases 2021 Sustainability Report Demonstrates Company’s Ongoing Attempts to Embrace ESG

AUBURN HILLS, Mich., May 23, 2022 /PRNewswire/ — Nexteer Automotive released its annual Environmental, Social and Governance (ESG) / Sustainability Report highlighting the Firm’s sustainability achievements in 2021. As outlined in the report, Nexteer embraces sustainability as portion of the Company’s system for profitable development and is committed to innovation and benefit creation that drives a a lot more sustainable long run. 

(PRNewsfoto/Nexteer)

“Nexteer’s ESG Report highlights how sustainability is as a vital component of our enterprise vision to be the international primary motion management technological know-how corporation that accelerates mobility to be protected, inexperienced and thrilling,” stated Robin Milavec, President, Chief Technology Officer (CTO), Chief System Officer (CSO), Government Board Director and Chair of the Sustainability Steering Committee (SSC), Nexteer Automotive. “Our One Nexteer lifestyle encourages all employees to embrace sustainability – empowering each individual a person of us, in every Nexteer area, with the liberty to go over and above our defined scope of perform, to examine, recognize, counsel and carry on to enhance how we make tomorrow superior than currently.”

Highlights from Nexteer’s 2021 ESG / Sustainability Report involve:

  • Named as one of America’s Most Liable Corporations by Newsweek for 3rd consecutive calendar year

  • Acknowledged as 2021 Automotive News PACEpilot Innovation to Observe for the Firm’s revolutionary blend of Steer-by-Wire (SbW) with Stowable Steering Column systems

  • Honored with two CES 2022 Innovation Awards for Steer-by-Wire (SbW) with Stowable Steering Column and Automated Steering Actuator

  • Named a GM Provider of the 12 months by Common Motors

  • Executed a renewable strength agreement in Mexico to address close to 80% of the power Nexteer’s Mexico operations consume

  • Regarded as a Excellent Spot to Perform in Brazil and Morocco

  • Obtained Countrywide Affiliation of Manufacturers’ 2021 Manufacturing Management Award for Enterprise Integration Technological innovation Leadership

  • Obtained CSO50 Award from IDG’s CSO for Impressive Cybersecurity Framework

  • Contributed a lot more than 72,000 hrs of worker local community provider in the previous five yrs

  • Approximated 25% of Nexteer’s electric powered ability steering, columns and intermediate shafts and driveline Backlog is connected to electric automobile (EV) programs

“In 2021, Nexteer continued to collaborate throughout our world cross-purposeful Sustainability Operate Team and Climate Transform Undertaking Drive on multiple company-level initiatives,” said Virginia Li, Director of Sustainability and Member of the SSC, Nexteer Automotive. “Extra importantly, we proudly share evidence of the ripple results sweeping across the firm to ‘Grow the Inexperienced Circle of Sustainability’ – with far more and additional Nexteer colleagues joining our collective initiatives to embrace ESG.”

As highlighted in the Firm’s report, Nexteer’s 5 critical focus parts – Organization Ethics Source Chain Environmental, Wellbeing & Basic safety Value Generation and Local community – serve as a framework to empower Nexteer in integrating a sustainability state of mind into the Company’s world wide business enterprise tactics and society.

Nexteer publishes an once-a-year ESG / Sustainability Report in accordance with the Environmental, Social and Governance (ESG) Reporting Guidebook, as set out in Appendix 27 to the Policies Governing the Listing of Securities on The Inventory Exchange of Hong Kong Restricted.

Click below to see the full Nexteer Automotive 2021 Sustainability Report.

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About Nexteer

Nexteer Automotive (HK 1316) is the international primary movement regulate technological innovation firm accelerating mobility to be safe and sound, inexperienced and remarkable. Our modern products and technologies portfolio includes electric and hydraulic electricity steering devices, steer-by-wire systems, steering columns and intermediate shafts, driveline programs, eDrive and software package remedies. The organization solves movement command challenges throughout all megatrends – which includes electrification, software/connectivity, ADAS/automatic driving and shared mobility – for additional than 60 consumers close to the world such as BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as very well as automakers in India and China. www.nexteer.com

 

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