Martinrea International Inc. Reveals Its Sustainability Report
Toronto, March 7, 2025 – Martinrea International Inc. (TSX: MRE), an innovative global automotive supplier, has announced the release of its 2024 Sustainability Report. The report showcases the company's dedication to creating a more sustainable future while highlighting its achievements and strategic goals in the area of environmental responsibility.
Company's Commitment to Sustainability
“To truly ‘Leave It Better’ for future generations, we must adopt creative and innovative sustainability practices,” said Pat D’Eramo, the CEO of Martinrea. The commitment of the company transcends traditional approaches, focusing on progressive advancements in product development, manufacturing efficiency, and the implementation of cutting-edge technologies. This is essential for adapting in a rapidly changing automotive industry.
Highlighting Core Values
Rob Wildeboer, the Executive Chairman, expressed that the company’s mission of 'Making People’s Lives Better' is at the heart of all its initiatives. This year's report details the tangible results stemming from the collective dedication of their workforce towards integrating sustainable practices across all operations.
Key Achievements of 2024
The 2024 Sustainability Report enumerates a series of notable achievements, including:
- Setting a long-term target to cut absolute carbon emissions by 35% by 2035, reinforcing the company’s commitment to environmental accountability.
- Expanding renewable energy initiatives with onsite solar panels at multiple facilities, which will enhance the reduction of their carbon footprint.
- Receiving the 2024 APEX Award for Publication Excellence, which recognizes the quality and transparency of their sustainability communications.
- Achieving a waste diversion rate exceeding 90% in 83% of company locations, marking significant progress in their Zero Landfill initiative.
- Reducing absolute carbon emissions by 17% and achieving a 36% reduction in carbon intensity since 2019, demonstrating consistent progress in emission reductions.
- Accomplishing a 23% reduction in energy intensity since 2019, illustrating the effectiveness of energy optimization measures.
- Being recognized as one of Canada’s Most Responsible Companies for Sustainability by Newsweek, based on various performance indicators.
- Improving its Accident Frequency Rate by 55%, further emphasizing its focus on enhancing workplace health and safety.
Looking Towards the Future
As Martinrea International Inc. continues to evolve, the company remains focused on its goal of delivering high-quality products while maintaining a strong commitment to sustainability. The insights presented in the 2024 Sustainability Report are not just a reflection of past achievements, but a foundation for the ongoing journey towards operational excellence and environmental stewardship.
Contact Information
For more details regarding the 2024 Sustainability Report or any inquiries, please refer to the media contacts provided below:
Media Contacts:
Deanna Lorincz
Global Director, Communications and Marketing
Email: deanna.lorincz@martinrea.com
Phone: 586.634.1766
Investor Relations Contact:
Neil Forster
Director, Investor Relations and Corporate Development
Email: neil.forster@martinrea.com
Phone: 647.210.2385
Frequently Asked Questions
What is the main focus of Martinrea's Sustainability Report?
The report emphasizes the company's ongoing commitment to sustainability, highlighting their achievements and future goals.
How much has Martinrea reduced its carbon emissions?
Martinrea has reduced its absolute carbon emissions by 17% since its 2019 baseline.
What recognition has Martinrea received for its sustainability efforts?
They received the 2024 APEX Award for Publication Excellence and were named one of Canada’s Most Responsible Companies for Sustainability by Newsweek.
How does Martinrea plan to reduce its environmental impact?
The company aims to reduce absolute carbon emissions by 35% by 2035 and is expanding its renewable energy efforts.
What is Martinrea's vision as stated in the report?
The vision is to 'Make People’s Lives Better' by being the best supplier in terms of products and services provided to their customers.
