Avantor's Sustainability Achievement Recognized by EcoVadis
Avantor, Inc. (NYSE: AVTR) has proudly received a Bronze Medal from EcoVadis, signaling its commitment to sustainable business practices for the second year in a row. This accolade highlights the company's steadfast dedication to sustainability within both the life sciences and advanced technologies sectors.
What the EcoVadis Rating Means
Avantor's EcoVadis score of 65 places it in the top 17% of over 130,000 companies around the world assessed by EcoVadis. This score marks an impressive 15-point improvement from the previous year’s performance.
Avantor's Framework for Sustainability
At the core of Avantor's sustainability strategy is its 'Science for Goodness' platform, which revolves around four main pillars: People & Culture, Innovation & Environment, Community Engagement, and Governance & Integrity. By concentrating on these critical areas, Avantor strives to create long-lasting value for all stakeholders, including employees, customers, suppliers, and the wider community.
Leadership's Perspective
Rachel Kaufman, VP of Global Sustainability and Impact at Avantor, shared her thoughts on this accolade, saying, "This achievement reflects the incredible work from our cross-functional team and our dedication to fulfilling our 'Science for Goodness' sustainability platform as we create long-term value for all Avantor stakeholders." As sustainability evolves, Avantor is committed to working alongside its partners to discover innovative solutions for a sustainable future.
EcoVadis as a Measure of Sustainability
Globally recognized, EcoVadis provides key sustainability ratings to organizations, assisting over 130,000 companies in more than 180 countries in assessing their sustainability performance. The evaluation framework is built on international standards, including the UN Global Compact's Ten Principles and the Global Reporting Initiative (GRI) standards, ensuring thorough and credible assessments.
The Significance of Sustainable Practices
Strong ratings from EcoVadis help companies gain valuable insights into their sustainability initiatives and pinpoint areas for improvement. Continual evaluation not only supports compliance with environmental and ethical standards but also underscores a company's social responsibility to customers and stakeholders.
About Avantor
Avantor is a leading life science tools company that supplies essential products and services crucial to the life sciences and advanced technology fields. The company collaborates with customers at every stage of their scientific journey, contributing to advancements in healthcare and technology. Avantor's products are integral to nearly every phase of research, development, and production in over 300,000 client sites across 180 countries. For further information, the company offers a comprehensive online presence where people can learn more about its services.
Contact Information
For media inquiries, reach out to Eric Van Zanten, Head of External Communications at Avantor, at +1 610-529-6219. For investor relations, you can contact Christina Jones, Vice President of Investor Relations, at +1 805-617-5297.
Frequently Asked Questions
What does Avantor's Bronze Medal from EcoVadis signify?
The Bronze Medal indicates that Avantor ranks among the top 17% of companies evaluated by EcoVadis for their sustainability performance.
How does EcoVadis assess companies?
EcoVadis conducts assessments based on international sustainability standards, evaluating companies across areas like Environment, Labor Rights, and Ethics.
What are the four pillars of Avantor's sustainability platform?
The four pillars are People & Culture, Innovation & Environment, Community Engagement, and Governance & Integrity.
Who can be contacted for media inquiries at Avantor?
Eric Van Zanten is available for any media inquiries at Avantor.
How can companies utilize EcoVadis ratings?
Companies can leverage EcoVadis ratings to identify their strengths and weaknesses in sustainability practices and to implement improvements effectively.
