Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, July 27 2021 - 18:16
Nexteer Releases 2020 Sustainability Report, Demonstrates Advancement of Company's ESG Journey
AUBURN HILLS, Mich., July 27, 2021 /PRNewswire-Asianet/ --

Nexteer Automotive( ), a leader in intuitive motion 
control, released its annual Environmental, Social and Governance (ESG) / 
Sustainability Report highlighting the Company's sustainability achievements in 
2020. As outlined in the report, in addition to product and technology 
expertise, Nexteer continues to demonstrate industry leadership as a business 
partner and employer of choice through its commitment to corporate social 

"Nexteer's 2020 Sustainability Report highlights how, through unprecedented 
times, Nexteer's global team has adapted quickly by strengthening our focus on 
employee health and safety and acting with a deeper sense of corporate social 
responsibility – while also learning new ways to operate and move the business 
forward," said Tao Liu, President, Global Chief Operating Officer (COO) and 
Chair of the Sustainability Steering Committee (SSC), Nexteer Automotive. "We 
continue to identify opportunities to leverage sustainability as a Nexteer 
differentiator – such as by aligning our innovation and technology with 
industry megatrends like electrification and by maintaining our commitment to 
conduct our business ethically and with transparency." 

Highlights from Nexteer's 2020 Sustainability Report include: 

- Recognition on Newsweek's list of America's Most Responsible Companies for a 
second consecutive year 
- Received silver medal from EcoVadis in recognition of sustainability rating 
- Received several best employer awards and Great Place to Work certifications 
across multiple regions 
- First report to reference the Global Reporting Initiative (GRI) and second 
report to include the Company's contribution to achieving United Nations' 
Sustainable Development Goals (UN SDGs) 
- Contributed 7,000 hours of employee community service 
- Established the SSC, chaired by President and Global COO of the Company, as 
an integral part of three–tiered sustainability governance structure 
- Created the Respect, Inclusion, Support, Equity (RISE) program to promote 
diversity, equity and inclusion across the Company 
- Formalized a global cross-functional Climate Change Task Force (CCTF) to 
coordinate enterprise-level efforts to assess climate change related impacts 
and actions

In 2020, Nexteer also continued to focus on enhancements to the Company's 
Environmental Management systems with a 93% ISO 14001 certification rate 
achieved, while continuing to explore opportunities to help manage the 
Company's environmental footprint by implementing energy-saving, greenhouse gas 
(GHG) emission avoidance and water-saving projects.

As highlighted in the Company's report, Nexteer's five key focus areas – 
Business Ethics; Supply Chain; Environmental, Health & Safety; Value Creation 
and Community – serve as a framework to enable Nexteer in integrating a 
sustainability mindset into the Company's global business strategies and 

"Moving along our journey to advance Nexteer's ESG efforts, we value 
sustainability as an imperative megatrend and continue to explore alignment 
opportunities to the Company's comprehensive Strategy for Profitable Growth," 
said Robin Milavec, Senior Vice President, Chief Technology Officer, Chief 
Strategy Officer, Executive Board Director and SSC Member, Nexteer Automotive. 

Nexteer publishes an annual ESG / Sustainability Report in accordance with the 
Environmental, Social and Governance (ESG) Reporting Guide, as set out in 
Appendix 27 to the Rules Governing the Listing of Securities on The Stock 
Exchange of Hong Kong Limited.

Click here to view the full Nexteer Automotive 2020 Sustainability Report( ). 

About Nexteer

Nexteer Automotive (HK 1316), a global leader in intuitive motion control, is a 
multi-billion dollar global steering and driveline business delivering electric 
and hydraulic power steering systems, steering columns, driveline systems, as 
well as advanced driver assistance systems (ADAS) and automated driving 
enabling technologies for original equipment manufacturers (OEMs). The company 
has 27 manufacturing plants, four technical and software centers and 13 
customer service centers strategically located in North and South America, 
Europe, Asia and Africa. The company serves more than 60 customers in every 
major region of the world including BMW, Ford, GM, Stellantis, Toyota and VW, 
as well as automakers in India and China.

Link to Nexteer Media Center ( ) 

SOURCE:  Nexteer Automotive