This is the Company's third annual sustainability report,
which discloses progress against its environmental, social and
governance (ESG) metrics in 2023
BUFFALO
GROVE, Ill., Sept. 27,
2024 /PRNewswire/ -- Advancion Corporation
("Advancion" or "Company"), one of the world's largest suppliers of
life science buffers and other proprietary ingredients, today
released its 2023 Corporate Sustainability Report. This is the
Company's third annual public report, which is available through
the Advancion website at
https://www.advancionsciences.com/sustainability.
The theme of this year's report, "Empowering Impact: Driving
Sustainable Progress with Purpose," focuses on the positive
contributions Advancion's ingredients and people are making to
improve the environment, society and the economy. Advancion's 2023
Sustainability Report highlights the Company's progress against its
environmental, social and governance (ESG) targets, including:
- Overview of the essential ways that Advancion's ingredients and
specialized knowledge is enabling and enhancing the performance,
efficiency and sustainability of end products and industries
critical to modern life.
- Reduction of Advancion's Total Recordable Case (TRC) injury
rate from 0.65 in 2022 to 0.42 in 2023, including zero injuries
across the Company's major manufacturing, research and development
(R&D), and administrative facilities.
- Expansion of the Scope 1, Scope 2 and Scope 3 emissions data to
include the Sterlington and Ibbenbüren manufacturing facilities,
the Buffalo Grove Corporate Office and R&D Center, and the
Expression Systems manufacturing and research site in Davis, California.
- Overall reduction in energy and water consumption, and waste
generated during the year, as well as the positive increase in
total hazardous waste diverted to beneficial reuse and energy
recovery.
- Updates on the Company's progress in further integrating
sustainability into its core business strategy with the launch of
new products developed from renewable raw material sources.
- Reporting prepared in accordance with the GRI Sustainability
Reporting Standards 2021, as well as other standards issued by the
Sustainability Accounting Standards Board (SASB) and the United
Nations Sustainable Development Goals (UN SDGs).
"We are proud to share our latest sustainability report, which
not only highlights our significant progress but also reflects the
core values that guide every decision we make at Advancion," said
David Neuberger, President and Chief Executive Officer. "As a
leading global producer of specialty ingredients, we recognize our
responsibility extends beyond delivering innovative solutions—we
must also address the environmental, social and economic challenges
of our time. This report underscores our progress and our
dedication to driving positive changes across the markets and
communities we serve. Our goal is clear: to deliver long-term value
for our customers, employees and communities while safeguarding the
health of our planet. We remain focused on accountability,
transparency and continuous improvement as we work toward a more
sustainable future for all our stakeholders."
For more information about Advancion's sustainability platform
and to download the 2023 Corporate Sustainability Report, visit
advancionsciences.com/sustainability.
ABOUT ADVANCION
Advancion, formerly ANGUS Chemical
Company, is a leading global producer of specialty ingredients and
consumables for biotechnology, pharmaceuticals, home and personal
care, and other consumer-oriented and industrial markets. The
Company is one of the world's largest producers of life sciences
buffers and other proprietary ingredients, providing
high-performance products, best-in-class quality and guaranteed
supply security for more than 80 years. Through Expression Systems,
an Advancion company, the Company produces innovative cell culture
media formulations, cell lines, molecular tools and reagents used
in the development and commercial manufacturing of advanced
therapies. Advancion operates three manufacturing facilities in the
U.S. and Germany and serves its
global customers through six regional Customer Application Centers
located in Chicago, Illinois;
Paris, France; São Paulo,
Brazil; Singapore; Shanghai,
China; and Mumbai, India.
The Company is privately owned by Ardian and Golden Gate Capital,
and is headquartered in Buffalo Grove,
Illinois. For more information, visit
advancionsciences.com.
Follow Advancion on LinkedIn.
FOR ADDITIONAL INFORMATION
Advancion Media
Relations
Scott C. Johnson
+1 847-808-3769
scjohnson@advancionsciences.com
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SOURCE Advancion Corporation
