Advancion Reports on Sustainability Progress in 2023 Efforts
Advancion Unveils 2023 Corporate Sustainability Report
This year marks the third edition of Advancion Corporation's annual sustainability report, where the company shares its strides towards meeting environmental, social, and governance (ESG) targets.
Purpose-Driven Sustainability Initiatives
The guiding theme of the report—"Empowering Impact: Driving Sustainable Progress with Purpose"—highlights the significant ways in which Advancion's products and dedicated team contribute to improving the economy, society, and the environment. The detailed report showcases advancements made towards ESG goals, including:
Contributions to Modern Industries
Advancion is committed to enhancing the performance and sustainability of vital sectors through its specialized knowledge and innovative ingredients. This report reflects the company's dedication to stylish solutions that meet the demands of modern life.
Improved Workplace Safety
In 2023, Advancion successfully decreased its Total Recordable Case (TRC) injury rate from 0.65 to 0.42. Remarkably, the company achieved zero injuries at its major manufacturing, research and development (R&D), and administrative facilities, highlighting a strong commitment to employee safety.
Comprehensive Emissions Reporting
The report expands on emissions data for Scope 1, Scope 2, and Scope 3, including details relevant to its manufacturing locations and corporate offices. This enhanced transparency fosters understanding of Advancion's environmental impact and efforts to mitigate it.
Resource Conservation Efforts
Advancion documented overall reductions in energy and water usage as well as waste generation throughout the year. The rise in hazardous waste diverted for reuse and energy recovery further symbolizes the company's commitment to sustainable practices.
Integrating Sustainability into Business
The report highlights Advancion's progress towards embedding sustainability into its core business strategy, particularly through the launch of innovative products derived from renewable raw materials.
Standards and Accountability
This report adheres to the GRI Sustainability Reporting Standards 2021, along with guidelines set by the Sustainability Accounting Standards Board (SASB) and aligns with the United Nations Sustainable Development Goals (UN SDGs). This commitment to global standards ensures a robust and transparent reporting process.
Leadership Insights
David Neuberger, Advancion's President and CEO, expressed pride in the company's significant advancements and emphasized the core values driving its initiatives. Neuberger stated, "As a leader in specialty ingredients, our responsibilities go beyond providing innovative solutions; we must actively confront the environmental, social, and economic challenges of our time. This report signifies our ongoing progress and commitment to creating positive change in both markets and communities. We strive to provide enduring value for our customers and stakeholders while prioritizing the health of our planet. Our focus remains on accountability, transparency, and continuous improvement as we work towards a sustainable future for everyone involved."
Advancion: An Overview
Advancion, previously known as ANGUS Chemical Company, is recognized as a global leader in producing specialty ingredients for biotechnology, pharmaceuticals, and consumer-oriented markets. The Company has a longstanding reputation as one of the largest producers of life sciences buffers, maintaining product excellence and supply security for over 80 years. Advancion, through its subsidiary Expression Systems, develops innovative formulations and reagents used in advanced therapies. The company’s operational footprint spans three manufacturing facilities located in the U.S. and Germany, alongside six regional Customer Application Centers serving clients worldwide.
Contact Advancion for More Details
For those interested in learning more about Advancion's sustainability strategies, the 2023 Corporate Sustainability Report can be accessed on the Advancion website. The company encourages stakeholders to engage with their platform for a deeper understanding of their initiatives.
Frequently Asked Questions
What is the focus of Advancion's 2023 sustainability report?
The report concentrates on Advancion's achievements in environmental, social, and governance (ESG) criteria and illustrates progress in sustainability initiatives.
How has Advancion improved workplace safety?
Advancion reduced its Total Recordable Case (TRC) injury rate significantly and achieved zero injuries in its major operational areas in 2023.
What new sustainability initiatives did Advancion implement in 2023?
The company launched new products sourced from renewable materials, reflecting its commitment to sustainability integrated into its business model.
Which standards guided Advancion's 2023 reporting?
Advancion's report aligns with GRI Sustainability Reporting Standards, SASB, and UN SDGs.
How can stakeholders access the full sustainability report?
Stakeholders can download the 2023 Corporate Sustainability Report directly from the Advancion website, where further insights into the company's sustainability practices are available.
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