Cooper Standard : 2023 Corporate Responsibility Report

COMMITMENT

TO EXCELLENCE

Corporate Responsibility 2023

ABOUT COOPER STANDARD

OUR FOCUS

MESSAGE FROM THE CEO	3
ABOUT COOPER STANDARD	4
A Year in Review	6
Governance	7
Global Footprint	12
Products & Services	13
Financial & Operating Performance	14
Awards & Recognition	15
Materiality & Stakeholder Engagement	17
Cooper Standard's ESG Goals	20
WINNING IN THE WORKPLACE	23
Talent Strategy	24
Workplace Health & Safety	34
Community Involvement	40
ENHANCING PRODUCT VALUE	46
Innovation, Materials & Product Lifecycle	47
Product Quality & Safety	54
Customer Trust & Satisfaction	60

RESPONSIBLE BUSINESS	64
Business Ethics & Integrity	65
Business Continuity	71
Responsible Sourcing & Human Rights	73
Climate Change, Energy, Emissions & Waste	79
Data Privacy, Cyber Security & Digitization	85

2023 CLOSING SUMMARY	93
Updated Long-term ESG Goals	95
APPENDIX	97
Our History	97
Key Metrics	98
GRI / SASB Content Index	103
Financial Statements	109

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Cooper Standard's* 2023 Corporate Responsibility Report covers calendar year 2023. This report contains Standard Disclosures from the Global Reporting Initiative (GRI) Sustainability Reporting Standards, and Sector Standards from the Sustainability Accounting Standards Board (SASB), both of which can be found in the index. This report has not been externally assured. For more information, contact [e-mail].

*Cooper Standard is also referenced as "the Company," "CPS," "we," "our" and "us" in this report.

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MESSAGE FROM

THE CEO

At Cooper Standard, Commitment to Excellence is more than just an inspirational phrase. It is deeply ingrained in our Core Values and influences every aspect of our business. As part of this commitment, we publish our Corporate Responsibility Report annually to highlight our commitment to the sustainability initiatives that are most important to our stakeholders. These initiatives not only contribute to environmental well-being but also play a vital role in ensuring the long-term health and success of our business.

Our team and culture are our key competitive advantages. We take a strategic approach to talent acquisition, engagement, learning, development and inclusion to empower our global workforce. We are proud that our team continues to deliver outstanding results. In 2023, we again surpassed world-class safety benchmarks with a safety incident rate of 0.32 per 200,000 hours of work. This includes 24 locations with

a perfect safety record of zero incidents last year. We also continue to deliver world-class quality products and services to our customers, represented by 98% green customer scorecards for quality and 97% for program launches.

Our employees work diligently each day to fulfill our Mission to Be the First Choice of the Stakeholders We Serve. As the markets evolve, we are committed to meeting the everchanging needs of our customers. Our team of experts continuously develops innovative solutions to meet the evolving needs of our stakeholders, particularly in the growing electrified vehicle market. We deliver innovative sealing and fluid handling systems to address our customers' demands for increased efficiencies and aesthetic differentiation, positioning ourselves as a leading global supplier.

(Left) MaryAnn Kanary, Jeff Edwards and Jon Banas at a Cooper Standard global employee webcast

We do all of this and more while keeping our value of Integrity Always at the core of each decision we make. We prioritize ethical standards, risk management, and regulatory compliance, and we are pleased to again be named to Newsweek's list of America's Most Responsible Companies.

Our Commitment to Excellence is driving us to be better each day by enabling us to provide increased value to all our stakeholders as we pursue our ultimate purpose of Creating Sustainable Solutions Together.

JEFFREY EDWARDS

Chairman and CEO

ABOUT

COOPER STANDARD

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Cooper Standard, a global leader in supplying systems and components for sealing and fluid handling in diverse transportation and industrial markets, boasts around 23,000 employees across 128 facilities in

21 countries. Our success depends on these dedicated individuals continually enhancing our business and communities. Aligned with our Mission to Be the First Choice of the Stakeholders We Serve, Cooper Standard pursues world-class excellence and embodies our purpose of Creating Sustainable Solutions Together.

In This Section

Important Links

Governance

Global Footprint

Global Footprint

Sealing Systems

Products & Services

Fluid Handling Systems

Financial &

Industrial & Specialty Group

Operating Performance

2023 10-K

Awards & Recognition

Newsroom Email Alerts

Materiality &

Stakeholder Engagement

2023 Proxy Statement

ESG Goals

NYSE : CPS

With a rich history spanning over 60 years, we have a legacy of developing award-winning and patented technologies. Our workforce pioneers the production of lightweight solutions, leveraging advancements in materials sciences and manufacturing processes.

In this report, we highlight the ethical, environmental, philanthropic and economic impact generated by Cooper Standard over the past year. Addressing stakeholders, we articulate our strategies to tackle industry challenges while remaining dedicated to our Core Values. Inspirational narratives illustrate how our Company culture propels our business and positively impacts the communities where we work and live. Additionally, we commemorate the milestones achieved in upholding the highest standards of quality and ethical practices. As market dynamics shift globally, we evolve our annual reporting to enhance transparency and demonstrate our commitments to people and the planet.

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CREATING SUSTAINABLE SOLUTIONS TOGETHER

Cooper Standard's Purpose, Mission, Values and Capabilities leverage our culture and agility for future growth and development, and align with the evolving transportation and industrial markets. Our Purpose is composed of four foundational words:

Creating: To develop the next, game-changing advancements in materials science and product innovations to be the leader in mobility solutions.

Sustainable: To preserve our planet and business viability by reducing our environmental footprint for better communities, people and societies.

Solutions: To deliver high-quality products and services to our stakeholders, so they can trust us as their preferred partner who is ready to deliver.

Together: To partner with all our stakeholders to create a better tomorrow.

TRANSITIONING TO A GLOBAL PRODUCT LINE-FOCUSED BUSINESS

Cooper Standard recognizes that as our global markets continue to evolve, and it is essential that we remain agile and adapt to meet industry needs and drive future profitable growth. As a result, the Company transitioned from regional segments to global product line- focused businesses at the beginning of 2024 for both our Sealing and Fluid Handling Systems divisions.

We believe this new structure enables the Company to more effectively focus our strategic imperatives and resources to achieve our Mission to Be the First Choice of the Stakeholders We Serve.

In addition, we believe a product-focused structure will help:

• Provide complete P&L (profit and loss) ownership for each product line to drive profitable growth and increased shareholder value;
• Reinforce pricing discipline to protect program margins;
• Prioritize capital allocation to help optimize resources;
• Streamline operations and engineering execution to increase efficiencies; and
• Deliver customer-focused innovations faster to the market.

As always, our Core Values and capabilities will continue to serve as the foundation of our Company and overall culture.

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ABOUT COOPER STANDARD

A YEAR IN REVIEW

By celebrating wins and milestones Together along our journey, we recognize and acknowledge the achievements and progress made by our employees and all the stakeholders who contributed to our success. Celebrating together serves as a way to honor their hard work, dedication and commitment to the Company's goals. Celebrating together helps us foster a positive work environment and culture at Cooper Standard.

First Quarter 2023

• General Motors recognized Cooper Standard as a 2022 Supplier of the Year for exceeding customer requirements for the sixth consecutive year.

Second Quarter 2023

• Cooper Standard's Aguascalientes, Mexico Mixing facility was named one of only five 2023 IndustryWeek Best Plants finalists for its world- class manufacturing practices and operational excellence.

Third Quarter 2023

• After its second quarter nomination, our Aguascalientes, Mexico facility was named as a 2023 IndustryWeek Best Plants Winner.
• Cooper Standard completed the sale of its Technical Rubber business to Switzerland-based Holcim. Based in Mannheim, Germany, Cooper Standard Technical Rubber offered versatile sheeting, compounding and flooring solutions. The sale was finalized on July 31, 2023.
• MaryAnn Kanary was appointed to Senior Vice President, Chief
  Legal Officer and Secretary responsible for leading the legal and compliance functions for the Company. MaryAnn brings over 25 years of legal experience and returns to the Company as a Global Leadership Team member.

Fourth Quarter 2023

• Cooper Standard was recognized as a leader in sustainability by Nissan North America. This recognition is given to suppliers who achieved high levels of sustainability performance based on their EcoVadis score, a worldwide provider of environmental, sustainability and governance ratings for global supply chains.
• Cooper Standard achieved Silver Medal Status from the sustainability rating platform EcoVadis. Our score increased to 65, placing the Company in the top 87% of responding companies in our segment.
• Cooper Standard was honored as a 2023 Society of Plastics Engineers
  Automotive Innovation Award finalist for its FlushSeal™ sealing system.
• Cooper Standard was named to the 2024 list of Newsweek's
  America's Most Responsible Companies for the fifth consecutive year.
• Cooper Standard celebrates Manufacturing Day with over 30 events across global locations to encourage and inspire the next generation of creators. Activities were organized in partnership with STEM (Science, Technology, Engineering and Math) leaders and members.

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ABOUT COOPER STANDARD

GOVERNANCE

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Cooper Standard's Board of Directors has adopted Corporate Governance Guidelines that provide a framework for effective governance of the Company. The guidelines address matters such as the responsibilities of the Board, the Board's composition, the responsibilities of the lead director, director independence, Board membership criteria, Board committees and Board evaluation. The Board's Nominating and Corporate Governance Committee is responsible for overseeing and reviewing the guidelines at least annually and recommending any proposed changes to the Board for approval. The Corporate Governance Guidelines, Certificate of Incorporation and Bylaws, charters of the Board committees and Board of Directors Code of Conduct provide the framework for governance of the Company and are available on our website.

BOARD LEADERSHIP STRUCTURE

The Board consists of 10 members who are fully engaged and possess the key skills and experience that are integral to the Company's success. All but one of the members are independent as defined by the Board's Corporate Governance Guidelines, which reflect the independence standards of the New York Stock Exchange and the U.S. Securities and Exchange Commission. The Board's leadership structure currently includes a combined chairman and chief executive officer (CEO) role with a non-employee lead director, as permitted by our Corporate Governance Guidelines.

KEY GOVERNANCE PRINCIPLES

The Board has adopted governance practices, structures and policies that it believes promote Board independence and the interests of shareholders. These practices, structures and policies include, among others:

• Independent Lead Director;
• Nine of the 10 directors are independent;
• Minimum stock ownership requirements for directors and executives;
• Board committees composed of independent directors;
• Annual Board evaluations;
• Board considers diversity when evaluating prospective directors;
• Board consists of members with the key skills and experiences integral to the Company's success;
• Board meets regularly in executive sessions;
• Strong governance framework for the oversight of ESG matters;
• Clawback policy covering cash and equity; and
• Anti-hedgingand anti-pledging policies.

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Jeff Edwards	David Mastrocola
Chairman & Chief Executive Officer	Lead Director

Jeff Edwards serves as chairman of the Board of Directors and CEO. The Board believes this structure is in the best interests of our stockholders because it takes into consideration the importance of having a chairman with in-depth knowledge of, and experience in, our industry. It also promotes communication between management and the Board, particularly regarding the Board's oversight of the Company's strategic direction. In addition, this structure helps ensure that the non-employee directors' attention is devoted to the issues of greatest importance to the Company and our stockholders. Our Board periodically reviews its determination to have a single individual serve as both chairman and CEO.

MANAGEMENT COMMITTEES

At Cooper Standard, we have numerous management committees that provide cross-functional oversight to our strategic priorities:

• Global Leadership Team;
• Carbon Neutrality Action Committee;
• Cooper Standard Foundation Board of Trustees;
• Diversity, Inclusion and Belonging Action Group;
• Enterprise Risk Management Committee;
• Global Benefits Committee;
• Global Communications Council;
• Global Ethics and Compliance Committee;
• Global Product Safety Committee;
• Global Quality Council;
• Global Sustainability Council; and
• Global Technology Council.

David Mastrocola serves as Lead Director, a position elected by the non-employee members of the Board upon the recommendation of the Nominating and Corporate Governance Committee. The Board believes that the role of Lead Director, together with the existence of a substantial majority of independent directors, fully independent Board committees and the use of regular executive sessions of non-employee and independent directors, achieves an appropriate balance between the effective development of key strategic and operational objectives, and independent oversight of management.

We have a strong, independent and highly experienced lead director with well-defined responsibilities that include:

• Presiding over all meetings of the Board at which the chair is not present, including executive sessions of the independent directors, and communicating with management concerning the substance of such meetings and sessions;
• Serving as liaison between the chair and the independent directors;
• Approving the Board's meeting agendas, schedules and information sent to the Board;
• In consultation with the Compensation Committee, assisting the
  Board with its evaluation of the performance of the CEO; and
• If requested by major stockholders, ensuring that he is available for consultation and direct communication.

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COMMITTEE STRUCTURE

The Board has a robust committee structure consisting entirely of independent directors with oversight of various types of risks. Each committee is organized by and conducts its business pursuant to a written charter adopted by the Board. Our Board of Directors currently has four standing committees with the following key responsibilities:

Audit Committee

• Select independent registered public accounting firm and
  regularly review and evaluate the firm's independence, qualifications and performance
• Oversee accounting and financial reporting processes and the annual audit and quarterly review of financial statements
• Oversee, review and evaluate the Company's internal audit function
• Oversee compliance with legal and regulatory requirements
• Review and oversee our system of internal controls regarding finance, accounting, cybersecurity and legal compliance
• Review and oversee the Company's assessment and management of the Company's major litigation, and any significant compliance, cybersecurity and financial risk exposures
• Oversee ESG disclosures, processes, and controls

Compensation Committee

• Review and approve corporate goals, objectives and other criteria relevant to the CEO's and the other executive officers' compensation
• Evaluate the performance of all executive officers and determine their compensation
• Establish overall compensation philosophy, review and approve executive compensation programs, and assess related risks
• Review and approve any employment or severance arrangement with executive officers
• Review and approve equity-based compensation plans and awards made pursuant to such plans
• Oversee the Company's employee benefit plans, including the delegation of responsibility for such programs to the Company's
  Benefit Plan Committee
• Integrate select ESG goals and milestones into executive compensation plans

Nominating & Corporate Governance Committee

• Identify and evaluate individuals qualified to become members of the Board consistent with criteria approved by the Board
• Select or recommend to the Board the director nominees to stand for election by the stockholders or to fill vacancies on the Board and
  Board committee memberships
• Develop and ensure compliance with corporate governance principles and practices applicable to the Company
• Review our legal compliance and ethics programs and policies
• Oversee the annual performance evaluation of the Board and its committees
• Ensure effective Company communication with investors and other stakeholders on ESG matters
• Ensure the Board has the skills, expertise and continued education necessary to oversee the successful execution of the Company's ESG priorities

Innovation & Business Development Committee

• Provide insights regarding megatrends affecting the industry, and together with management, assess any impacts on the Company's strategy
• Advise management regarding the Company's innovation and business diversification strategy, implementation plans and performance targets
• Review and advise management regarding the Company's commercialization strategy for new products in its core market, adjacent markets and business model innovations

BOARD MEMBERSHIP CRITERIA

In identifying and evaluating the nominees for director positions, the Nominating and Corporate Governance Committee considers the applicable requirements for directors under the Exchange Act and the NYSE listing rules. In addition, the Nominating and Corporate Governance Committee considers other criteria it deems appropriate, which may vary over time depending on the Board's needs. Nominating criteria include automotive or manufacturing industry experience, general understanding of various business disciplines (e.g., marketing, finance, etc.), the Company's business environment, educational and professional background, analytical ability, diversity of experience and viewpoint, ESG skills and expertise and willingness to devote adequate time to Board duties. Director candidates should demonstrate a

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commitment to the highest personal and professional ethical standards, integrity and the Core Values of the Company. Candidates are also evaluated on their ability to consider and balance the legitimate interests and concerns of the Company's stockholders and other stakeholders effectively, consistently and appropriately in reaching decisions.

The Company's Corporate Governance Guidelines also require that the potential pool of Board candidates reflects diversity in gender, race, ethnic background, country of citizenship and professional experience. The Board evaluates everyone in the context of the Board as a whole, with the objective of retaining a group that can best enhance the Company's success and represents the interests of stockholders and other stakeholders through sound judgment.

Gender	Race	Age		Tenure
(2) Undisclosed	(1) Undisclosed	(6) 60-64	(1) 70+
	(5) Male			(4) 10+
				(4) 0-5
	(1) 2+ Ethnicities	65		8
	(1) Hispanic
(3) Female		Average Age		Average Tenure
	(1) Black	(6) White
	/ African	(3) 65-69	(2) 6-9
	American

BOARD REFRESHMENT & DIVERSIFICATION

The Company recognizes the value of differing perspectives on our Board of Directors. We regularly add directors to bring new perspectives and ideas into the boardroom. Four out of the nine independent directors have joined our Board within the past four years, including two of the female directors.

The Nominating and Corporate Governance Committee and the Board are continually looking for ways to advance in these areas and leverage diversity of thought to strengthen our Company.