PR97736

AUBURN HILLS, Mich., Sept. 9, 2022 /PRNewswire=KYODO JBN/ --

Nexteer Automotive has been named a constituent member of the Hang Seng

Corporate Sustainability Benchmark Index ("HSSUSB") for the sixth consecutive

year. HSSUSB is reviewed annually and recognizes the top 20% of eligible

companies with high environmental, social and corporate governance (ESG)

standards. Nexteer is one of the 96 constituent members selected this year and

has been included in this Index every year since its initial induction in 2017.

"Nexteer is proud to once again be recognized by the Hang Seng Corporate

Sustainability Benchmark Index for our high ESG standards and commitment to

innovation and value creation that drive a more sustainable future," said Robin

Milavec, President, Chief Technology Officer (CTO), Chief Strategy Officer

(CSO), Executive Board Director and Chair of the Sustainability Steering

Committee, Nexteer Automotive. "Sustainability is a key part in achieving our

vision to be the global leading motion control technology company accelerating

mobility to be safe, green and exciting. Our company culture encourages all

employees to embrace sustainability and work together to make tomorrow better

than today."

To learn more about Nexteer's overall sustainability efforts, please visit the

Company's sustainability webpage (https://www.nexteer.com/sustainability/).

Nexteer's sustainability framework operates through five key focus areas:

Business Ethics; Supply Chain; Environmental, Health and Safety; Community; and

Value Creation.

About the Hang Seng Corporate Sustainability Index Series

The Hang Seng Corporate Sustainability Index Series

(https://www.hsi.com.hk/eng/indexes/all-indexes/corporatesustainability)

provides benchmark for sustainability investments. It composes of five indexes,

including the HSSUSB, recognizing companies listed on the Hong Kong Stock

Exchange that perform well with respect to corporate sustainability.

Constituent selection is based on a robust process that includes consideration

of the results from a sustainability assessment undertaken by Hong Kong Quality

Assurance Agency (HKQAA), an independent and professional assessment body,

using its proprietary sustainability assessment and rating framework. The

process ensures that indexes in the Hang Seng Corporate Sustainability Index

Series are objective, reliable and of high investability, making them excellent

benchmarks for index funds that adopt a corporate sustainability theme.

About Nexteer

Nexteer Automotive (HK 1316) is a global leading motion control technology

company accelerating mobility to be safe, green and exciting. Our innovative

product and technology portfolio includes electric and hydraulic power steering

systems, steer-by-wire systems, steering columns and intermediate shafts,

driveline systems, eDrive and software solutions. The company solves motion

control challenges across all megatrends – including electrification,

software/connectivity, ADAS/automated driving and shared mobility – for more

than 60 customers around the world including BMW, Ford, GM, RNM, Stellantis,

Toyota and VW, as well as automakers in India and China. www.nexteer.com

Link to Nexteer Media Center (https://www.nexteer.com/media-center/)

SOURCE: Nexteer Automotive