Nexteer Selected as Constituent Member of Hang Seng Corporate Sustainability Benchmark for 6th Consecutive Year

AUBURN HILLS, Mich., September 9, 2022 /PRNewswire/ — Nexteer Automotive has been named a constituent member of the Hang Seng Corporate Sustainability Benchmark Index (“HSSUSB”) for the sixth consecutive year. The HSSUSB is evaluated annually and recognizes the top 20% of eligible companies with high environmental, social and corporate governance (ESG) standards. Nexteer is one of 96 Constituent Members selected this year and has been included in this Index every year since its first induction in 2017.

“Nexteer is proud to be recognized again by the Hang Seng Corporate Sustainability Benchmark Index for our high ESG standards and our commitment to innovation and value creation that lead to a more sustainable future,” said Robin Milavec, Chairman, Chief Technology Officer (CTO), Chief Strategy Officer (CSO), Executive Board Director and Chairman of the Sustainability Steering Committee, Nexteer Automotive. “Sustainability is a key element in achieving our vision to be the global leader in motion control technologies accelerating mobility to be safe, green and exciting. Our corporate culture encourages all employees to embrace sustainability and working together to make tomorrow better than today.”

To learn more about Nexteer’s overall sustainability efforts, please visit the company’s sustainability webpage. Nexteer’s sustainability framework is built around five key areas: business ethics; Supply Chain; Environment, Health and Safety ; Community; and value creation.

About the Hang Seng Corporate Sustainability Index Series

The Hang Seng Corporate Sustainability Index series provides a benchmark for investing in sustainability. It consists of five indices, including the HSSUSB, recognizing companies listed on the Hong Kong Stock Exchange that perform well in terms of sustainable development.

Constituent selection is based on a robust process that includes consideration of the results of a sustainability assessment undertaken by the Hong Kong Quality Assurance Agency (HKQAA), an independent and professional assessment body, using its proprietary sustainability assessment and rating framework. The process ensures that the Hang Seng Corporate Sustainability Index Series indices are objective, reliable and highly investable, making them excellent benchmarks for index funds that adopt a corporate sustainability theme.

About Nexteer

Nexteer Automotive (HK 1316) is a global leader in motion control technology that accelerates mobility to be safe, green and exciting. Our portfolio of innovative products and technologies includes electric and hydraulic power steering systems, steering-by-wire systems, steering columns and countershafts, transmission systems, eDrive and software solutions. The company solves motion control problems across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for more than 60 customers worldwide, including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China.

Link to Nexteer media center

SOURCE Nexteer Automotive

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