LAKE FOREST, Ill., Sept. 25, 2020 /PRNewswire/ -- Tenneco Inc.
(NYSE: TEN) has published its latest annual Corporate Social
Responsibility and Sustainability Report. Covering operations
during 2019, this is the first time that Tenneco has issued a
report for its combined operations, including the acquired
Federal-Mogul and Öhlins Racing businesses.
As outlined in the report, Tenneco continues to make strides
toward improving its Environmental, Social and Governance strategy,
including key performance metrics, and evaluating Sustainability
Accounting Standards Board (SASB) and other reporting frameworks to
drive long-term stakeholder value. Along with these metrics, the
company has committed to share best practices and employ continuous
improvement initiatives across the business for maximum impact.
"As we continue to face challenges due to the COVID-19 pandemic,
Tenneco remains committed to operating in a socially responsible,
safe and sustainable manner, no matter the circumstances," said
Tenneco Chief Executive Officer Brian
Kesseler. "Making tomorrow better is something we always
strive for, and as our sustainability journey evolves, we need to
continuously look at ways in which to improve while helping our
team members, customers and communities build a better
future. Each and every Tenneco team member plays a part in
making this possible, and we thank them for their continued
dedication to making us a more sustainable and transparent
organization."
Report highlights include:
- Our Governance: Tenneco's focus on board refreshment furthered
the Company's commitment to bringing additional skills and
experience relevant to our strategy and operations. 33 percent of
the board qualified as diverse based on gender or ethnicity as of
July 2020.
- Our People: Operating safely helps protect our team members,
and our safety programs make a difference. The lost day case rate
decreased 13 percent and our incident rate fell by eight percent.
Women represent 24 percent of team members and 14 percent of
leadership. In 2020, Tenneco is building upon its strategy to
improve inclusion, diversity, and equity.
- Our Planet: Operating responsibly means that Tenneco manages
its impact on the environment through waste, water, emissions, and
energy usage. Notably, Tenneco exceeded many of its goals this
year, including achieving an approximately 19 percent reduction in
energy usage. Since 2017, greenhouse gas (GHG) emissions intensity
decreased 11 percent.
- Our Products: Tenneco continued to deliver technology and
products designed to enhance global mobility. Tenneco is proud to
have 35 leading brands worldwide, 15 of which have built trust with
customers and consumers for over 100 years. In 2019, 92 percent of
the company's plants achieved certification for product quality
management (IATF 16949 and ISO 9001); Tenneco looks forward to
having more sites certified in the future.
- Our Partners: Tenneco's efforts are not limited to those within
the company. Its selection of vendors has a positive impact also,
and since 2017, Tenneco has been consistently recognized by
customers for developing a strong and diverse supply base. By
working with a diverse supply base, Tenneco amplifies the impact of
its beliefs and values regarding corporate responsibility.
"Tenneco remains focused on its commitment to delivering quality
products that drive advancements in global mobility solutions for
cleaner, more efficient, comfortable and reliable performance,"
added Kim Yapchai, chief compliance
and sustainability officer, Tenneco. "We strive to have a positive
impact on the communities in which we operate, and with this
report, want to show how we hold ourselves accountable to those
ideals. We look forward to continuing our journey to improve
and better demonstrate our commitment to Make Tomorrow Better."
To view Tenneco's 2019 Corporate Social Responsibility and
Sustainability Report, click here.
About Tenneco
Tenneco is one of the world's leading
designers, manufacturers and marketers of automotive products for
original equipment and aftermarket customers, with 2019 revenues of
$17.45 billion and approximately
78,000 team members working at more than 300 sites worldwide.
Our four business groups - Motorparts, Ride Performance, Clean Air
and Powertrain, deliver technology solutions for diversified global
markets, including light vehicle, commercial truck, off-highway,
industrial, motorsport and the aftermarket.
Visit www.tenneco.com to learn more.
Investor inquiries:
Linae Golla
847-482-5162
lgolla@tenneco.com
Rich Kwas
248-849-1340
rich.kwas@tenneco.com
Media contacts:
Bill Dawson
Media Relations – North America
847 482-5807
bdawson@driv.com
Karen Shulhan
Media Relations – North
America
313 617-2086
karen.shulhan@driv.com
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SOURCE Tenneco Inc.