29/08/2024 | Press release | Distributed by Public on 30/08/2024 03:21
Improving our environmental impact is paramount, and we are proud to have received a platinum rating for the third year running for corporate social responsibility by EcoVadis, an independent corporate social responsibility assessment agency. Achilles Kintiroglou, Senior Vice President, General Counsel and Corporate Secretary based at AdvanSix Headquarters in Parsippany, explains what this acknowledgment means and why it is so important to AdvanSix.
What do recognitions like EcoVadis mean to AdvanSix and why is it important for a company like AdvanSix to have strong governance?
At AdvanSix, being a responsible corporate citizen is our license to operate and foundational to our operations. It starts with unwavering integrity and doing the right thing, even when no one is looking. Our compliance and integrity program hinges on this principle, giving prominence to the criticality of sound governance practices and ensuring that our policies and procedures mitigate risk and support safe, stable and sustainable operations.
The recognition from EcoVadis is an acknowledgment of our team's commitment to corporate social responsibility and the strong governance foundation we have built with a focus on continuous improvement. This is critical to our credibility as we engage with our key stakeholders including our customers, suppliers, employees, regulators and the communities in which we operate.
In early 2020, we were proud to have been recognized with a Gold Rating with our first EcoVadis submission. To now be recognized in the top one percent of all companies assessed with three consecutive platinum ratings is a testament to the commitment and achievements of our AdvanSix teammates who stay true to our values, always operate with integrity and transparency, and work to embed responsible and sustainable business practices into the critical business and operational processes that enable us to reliably deliver for our customers, our communities and all of our stakeholders.
What is Together for Sustainability and why is AdvanSix a member?
Together for Sustainability (TfS) is the de facto global standard of a procurement-driven initiative that provides an established framework of tools to assess and improve the sustainability performance of chemical companies and their suppliers. Joining an organization that has developed an effective assessment framework builds on our foundation and enables us to accelerate our impact as we continue to mature our sustainability efforts.
Like all companies, regardless of size, we must balance and optimize our resources across our organization, while ensuring we are adequately mitigating risk. A TfS assessment, conducted through EcoVadis, utilizes a best-in-class methodology built on the leading international CSR standards including the Global Reporting Initiative (GRI), the UN Global Compact, Responsible Care® principles and ISO26000.
Joining an organization like TfS gives us access to a proven assessment methodology that enables us to efficiently and effectively evaluate our critical suppliers. These efforts are amplified by TfS through the broader supply chain as the initiative leverages the influence of its members to continuously expand the list of companies that have been assessed. Importantly, our experience shows that as companies are assessed, they, in turn, also focus on continuous improvement, which ultimately serves to mitigate risk.