| • | Leveraging the Company’s leadership and more than 50-year history in remanufacturing to further improve the Company’s global environmental footprint. Examples include: |
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| ○ | Efficient remanufacturing facilities in Tijuana, Mexico which recycles almost all materials from copper to water |
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| ○ | A state-of-the art distribution center at the Company’s Tijuana, Mexico facility utilizing high-tech, energy efficient forklift machinery and a centralized recharging operation. |
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| ○ | Opportunities to consolidate product shipments to customers — reducing fuel consumption with related air quality improvements. In Fiscal 2024, we were able to reduce 168 long haul truck trips, by utilizing the capacity of each trailer, and another 1531 loads by utilizing intermodal transportation which is more efficient, safer and secure. |
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| • | Board diversity. Our Board is ethnically diverse and comprised of eight independent directors, one African, two African Americans, one Asian and two women. See chart detailing director nominees in Proposal No.1. |
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| • | We continue to focus on increasing employee diversity, the percentage of females in our workforce is 37% in FY24 on a global basis. |
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| • | Promoting a respectful workplace environment has contributed to an employee retention rate of more than 86% in Fiscal 2024 |
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| • | Honoring traditions and customs of the communities where we have a presence. |
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| • | Instituting health and wellness programs including, medical staff stationed at our manufacturing facility, free and reduced food programs, trainings, union benefits, athletic facilities and employee sport league sponsorship. In Fiscal 2024, the Company provided 671,491 free or reduced cost meals and 66,206 free rides to and from work at a cost of $5.8 million dollars. Such programs improve the lives of our workers, increase productivity and loyalty while reducing pollution from individual vehicles and food waste and packaging. Our free rides program saves 656,000 miles driven annually. |
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| • | SMART (specific, measurable, attainable, realistic, and time-bound) performance metrics tied to incentive/bonus policies. |
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| • | Strong culture of quality and innovation. |
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Our Climate Change Commitment
As a remanufacturer of auto parts, the Company has always been committed to environmental responsibility and stewardship of the land. The Company recently finalized its collection of Scope 1 and Scope 2 emissions (though they have not yet been audited by a third party). The Company’s Scope 1 and Scope 2 emissions in 2022, were 15,758.93 tCO2e 2. In 2023, the Company’s Scope 1 and Scope 2 emissions, reduced by 12% to 13,868.18 tCO2e 2. Our emission intensity per million dollars of revenue is 19.32 tCO2e 2 which is a quarter of the emission intensity of our peer group, based on last year’s data. MPA is very proud of our environmental footprint and the Company is dedicated to continual improvement.
