Advancion's Remarkable Achievement in Sustainability
Advancion Corporation, a front-runner in specialty ingredients dedicated to life sciences, personal care, and industrial markets, has recently earned an EcoVadis Gold Medal for their exceptional sustainability performance. This accolade marks a significant milestone, being the fifth consecutive year and seventh overall that the company has been recognized in this important independent assessment.
Outstanding Performance Metrics
With an impressive overall score of 81 out of 100, Advancion has seen a notable six-point improvement over previous evaluations. This places the company among the top 2% of organizations assessed globally by EcoVadis over the past year. The score reflects steady advancements across crucial categories, including Environment, Labor and Human Rights, Ethics, and Sustainable Procurement.
Leadership on Sustainability
Tina Murray, Senior Vice President responsible for Regulatory, Product Stewardship, and Quality, emphasized the importance of sustainability in Advancion's operations, stating, "Sustainability is embedded in every part of our business—from reducing our environmental footprint to upholding strong ethical practices and supplier engagement." This recognition not only validates Advancion's commitment but also inspires continuous improvement in its operations.
David Neuberger, the company’s President and CEO, echoed this sentiment, highlighting the deep-rooted dedication of the Advancion team to responsible practices and sustainable growth. He expressed pride in their progress and articulated the broader significance of sustainability, saying, "This year's award speaks volumes about the dedication of our global team to continuous and measurable improvement. Sustainability is central to our culture and our responsibility as stewards of the industries and communities we serve."
Understanding EcoVadis Ratings
EcoVadis stands as one of the leading sustainability rating platforms worldwide. It benchmarks companies against international standards like the Global Reporting Initiative (GRI) and the United Nations Global Compact. By employing a universal framework, EcoVadis effectively evaluates organizations on their environmental, social, and ethical practices across the globe.
Advancion encourages its commercial partners to leverage the insights from its EcoVadis assessment, integrating this reputable evaluation into their supplier selection processes. This engagement reinforces the company's transparent approach to sustainability within its operations.
About Advancion Corporation
Advancion is celebrated as a leading global producer of innovative specialty ingredients tailored for a diverse range of industries, including biotechnology and pharmaceuticals. With over 80 years of expertise, the company is recognized as one of the largest producers of life sciences buffers and proprietary ingredients, ensuring high-performance products and quality assurance.
Through its subsidiary, Expression Systems, Advancion also provides cutting-edge cell culture media formulations, molecular tools, and other critical reagents that aid in the advancement of therapies. The company boasts a robust operational footprint with manufacturing facilities both in the U.S. and in Europe, complemented by regional Application Centers strategically located across key global marketplaces.
Commitment to Stakeholders
As a company owned by Ardian and Golden Gate Capital, Advancion remains dedicated to serving its global clientele with unmatched standards in product quality and supply security. The commitment to continuous innovation and customer service places Advancion at the forefront of its industry.
Frequently Asked Questions
What is the EcoVadis Gold Medal?
The EcoVadis Gold Medal is an award recognizing companies for their achievements in sustainability practices across various categories, such as environment, labor, and ethics.
How did Advancion perform in the EcoVadis assessment?
Advancion scored 81 out of 100, improving by six points from the previous year, placing them in the top 2% of companies globally evaluated by EcoVadis.
What does Advancion do?
Advancion is a global leader in producing specialty ingredients for biotechnology, pharmaceuticals, and consumer products, ensuring high performance and quality standards.
Who are the key people at Advancion?
Tina Murray serves as the Senior Vice President, and David Neuberger is the President and Chief Executive Officer, demonstrating strong leadership in sustainability initiatives.
What is EcoVadis?
EcoVadis is a sustainability rating platform that assesses companies based on their environmental, social, and ethical practices, benchmarking them against global standards.
