Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, has been recognized by Newsweek for the second year in a row as a leader in sustainability. The company was included in the magazine’s Green Rankings list, which recognizes companies that have made significant progress in reducing greenhouse gas emissions and cutting carbon footprint.
To be eligible for the list, companies must have demonstrated substantial improvements in reducing carbon intensity, which is measured by the amount of greenhouse gas produced relative to revenue. The ranking process began with a pool of 2,000 U.S.-based companies, which was then narrowed down to 450 companies that met stringent requirements over the 2020-2022 period. SMP was one of ten automotive parts manufacturers to be recognized as a leader on the list.
“Once again, we are honored to be recognized for our efforts to increase our sustainability and reduce our carbon footprint,” said Eric S. Wintemute, Chairman of the Board and Chief Executive Officer of SMP. “Operating sustainably is a top focus at SMP, and we remain steadfastly committed to the initiatives we’ve taken to propel us toward our long-term goals.”
SMP’s commitment to sustainability includes initiatives such as reducing energy consumption, increasing the use of renewable energy sources, and promoting recycling and waste reduction. The company recently published its 2023 SMP Sustainability Report, which provides a comprehensive overview of its sustainability efforts.
With over 100 years in business, Standard Motor Products, Inc. is a leading independent manufacturer and distributor of premium replacement parts in the automotive aftermarket. The company also provides custom-engineered solutions to vehicle and equipment manufacturers in diverse non-aftermarket end markets. SMP sells its products primarily to retailers, warehouse distributors, original equipment manufacturers, and original equipment service part operations in the United States, Canada, Mexico, and other countries.
