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LKQ Corporation Achieves S&P Investment Grade Rating of ‘BBB-’ with Stable Outlook
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By Counterman
The Schaeffler Group announced it has once again been awarded an “A” rating in the climate change category for its commitment to sustainability in fiscal 2024 by CDP, the global non-profit environmental organization. In the water security category,
link hidden, please login to view received an “A-”, the same score as in the previous year. CDP, which was founded 25 years ago, manages the world’s largest environmental database. Once a year, it collects data and information from companies worldwide on their greenhouse gas emissions, climate risk profiles, and corporate reduction targets and strategies.
“The renewed award with the grade ‘A’ in the area of climate change is a recognition of our commitment to sustainability,” explained Klaus Rosenfeld, CEO of
link hidden, please login to view. “At the same time, we are aware that there is still a lot of work ahead of us to achieve our ambitious sustainability goals. Even after the merger with Vitesco Technologies, we will continue to consistently drive forward the sustainable development of the company. Sustainability remains an important prerequisite for becoming the leading motion technology company.” The CDP rating is regarded worldwide as an important reference for a company’s environmental transparency, Schaeffler said. CDP scores are often used in investment and procurement decisions with a view to achieving a climate-friendly, sustainable and resilient economy. CDP uses a detailed, independent scoring methodology to assess companies and awards scores from “A” to “D-”.
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By Counterman
link hidden, please login to view, sustainable manufacturer serving the automotive and industrial markets in North America and Europe, announced its rebrand to link hidden, please login to view, which it said reflects the company’s continued focus on innovation and its mission to spread the power of sustainable manufacturing at scale. The rebrand will roll out globally over the coming months, beginning with updated brand assets and a suite of resources designed to empower employees to embrace the new identity, the company said. As part of this transformation, a newly redesigned website will be unveiled in the coming week.
A news release announcing the rebranding explained that sustainable manufacturing lies at the core of TERREPOWER’s approach. Through advanced remanufacturing, reengineering and material recovery processes, the company said it minimizes waste, reduces reliance on raw materials, and enhances resource efficiency. This approach not only supports environmental responsibility but also provides cost-effective, high-quality solutions that help our customers operate more efficiently, TERREPOWER added.
“This is an exciting milestone for us,” said Duncan Gillis,
link hidden, please login to view CEO. “TERREPOWER is not just a new name, but a new chapter in our journey. It reflects our ongoing commitment to innovation and collaboration to deliver solutions that meet our customers’ evolving needs. This rebrand unites our teams under a shared identity and positions us well for future success.” TERREPOWER explained the name reflects the company’s continued commitment to innovation and its role in supporting a more efficient and resource-conscious future. Derived from the French word for “earth,” “Terre” signifies a dedication to preserving valuable resources, while “Power” reflects the company’s strength and drive to develop smarter, more efficient manufacturing solutions. Bringing those together, TERREPOWER represents the company’s focus on creating long-term value for customers by extending product life, optimizing material use and driving sustainable growth.
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