AdvanSix Awarded Third Consecutive Platinum Rating for Corporate Social Responsibility From EcoVadis

Rhea-AI Summary

AdvanSix (ASIX) has been awarded a third consecutive Platinum rating for Corporate Social Responsibility by EcoVadis, placing it in the top 1% of all companies assessed. The company was also recognized by CDP for its environmental management practices. This recognition highlights AdvanSix's commitment to responsible and sustainable business practices.

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• AdvanSix (ASIX) received a third consecutive Platinum rating from EcoVadis, showcasing its commitment to corporate social responsibility.
• The Platinum rating places AdvanSix in the top 1% of all companies assessed by EcoVadis.
• AdvanSix was also recognized by CDP for its environmental management practices.
• The company's commitment to responsible and sustainable business practices is reflected in these accolades.
• EcoVadis evaluates corporate sustainability performance in areas like Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

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• None.

The Company was also recognized by CDP for its environmental management practices

PARSIPPANY, N.J.--(BUSINESS WIRE)-- AdvanSix (NYSE: ASIX) has been recognized with its third consecutive Platinum rating by EcoVadis, an independent corporate social responsibility assessment agency. The Platinum rating is EcoVadis’ highest rating and puts the company in the top one percent of all companies assessed.

“Earning three consecutive, world-leading Platinum ratings from EcoVadis is a compelling recognition of the hard work and achievements of our AdvanSix teammates, who embed responsible and sustainable business practices into delivering for our customers, communities and our stakeholders every day,” said Erin Kane, President and CEO of AdvanSix.

Established in 2007, EcoVadis evaluates corporate sustainability performance in the areas of Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. Its corporate social responsibility (CSR) assessment methodology is based on international sustainability standards and covers more than 220 spend categories and over 180 countries.

In addition, the Company was again rated on its climate and water security practices by CDP, a global non-profit that operates the leading environmental disclosure platform. The Company was recognized in the top “Leadership” category with an “A-” rating for its water security submission, reflecting environmental leadership for water stewardship. CDP also maintained its “B” rating on the Company’s climate change submission, which indicates the Company has addressed the environmental impacts of its business and ensures good environmental management practices.

“Being a responsible corporate citizen is our license to operate and to be consistently recognized for our progress and efforts in this space is an honor,” said Achilles Kintiroglou, Senior Vice President, General Counsel and Corporate Secretary at AdvanSix. “These recognitions reflect the progress we’ve made in our environmental performance and underscore our commitment to operating with the utmost integrity and transparency.”

AdvanSix’s priority is to ensure safe, stable and sustainable operations through best-in-class performance. To learn more about AdvanSix’s commitment to sustainability and access the most recent Sustainability Report, visit: https://www.advansix.com/sustainability.

About AdvanSix

AdvanSix is a diversified chemistry company that produces essential materials for our customers in a wide variety of end markets and applications that touch people’s lives. Our integrated value chain of our five U.S.-based manufacturing facilities plays a critical role in global supply chains and enables us to innovate and deliver essential products for our customers across building and construction, fertilizers, agrochemicals, plastics, solvents, packaging, paints, coatings, adhesives, electronics and other end markets. Guided by our core values of Safety, Integrity, Accountability and Respect, AdvanSix strives to deliver best-in-class customer experiences and differentiated products in the industries of nylon solutions, plant nutrients, and chemical intermediates. More information on AdvanSix can be found at https://www.advansix.com.

Forward Looking Statements

This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or developments that our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements may be identified by words such as “expect,” “anticipate,” “estimate,” “outlook,” “project,” “strategy,” “intend,” “plan,” “target,” “goal,” “may,” “will,” “should” and “believe” and other variations or similar terminology and expressions. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks, uncertainties and other factors, many of which are beyond our control and difficult to predict, which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: general economic and financial conditions in the U.S. and globally; the potential effects of inflationary pressures, labor market shortages and supply chain issues; instability or volatility in financial markets or other unfavorable economic or business conditions caused by geopolitical concerns, including as a result of the conflict between Russia and Ukraine, the conflict in Israel and Gaza, and the possible expansion of such conflicts; the effect of the foregoing on our customers’ demand for our products and our suppliers’ ability to manufacture and deliver our raw materials, including implications of reduced refinery utilization in the U.S.; our ability to sell and provide our goods and services; the ability of our customers to pay for our products; any closures of our and our customers’ offices and facilities; risks associated with increased phishing, compromised business emails and other cybersecurity attacks, data privacy incidents and disruptions to our technology infrastructure; risks associated with operating with a reduced workforce; risks associated with our indebtedness including compliance with financial and restrictive covenants, and our ability to access capital on reasonable terms, at a reasonable cost, or at all, due to economic conditions or otherwise; the impact of scheduled turnarounds and significant unplanned downtime and interruptions of production or logistics operations as a result of mechanical issues or other unanticipated events such as fires, severe weather conditions, natural disasters, pandemics and geopolitical conflicts and related events; price fluctuations, cost increases and supply of raw materials; our operations and growth projects requiring substantial capital; growth rates and cyclicality of the industries we serve including global changes in supply and demand; failure to develop and commercialize new products or technologies; loss of significant customer relationships; adverse trade and tax policies; extensive environmental, health and safety laws that apply to our operations; hazards associated with chemical manufacturing, storage and transportation; litigation associated with chemical manufacturing and our business operations generally; inability to acquire and integrate businesses, assets, products or technologies; protection of our intellectual property and proprietary information; prolonged work stoppages as a result of labor difficulties or otherwise; failure to maintain effective internal controls; our ability to declare and pay quarterly cash dividends and the amounts and timing of any future dividends; our ability to repurchase our common stock and the amount and timing of any future repurchases; disruptions in supply chain, transportation and logistics; potential for uncertainty regarding qualification for tax treatment of our spin-off; fluctuations in our stock price; and changes in laws or regulations applicable to our business. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our filings with the Securities and Exchange Commission (SEC), including the risk factors in Part 1, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023, as updated in subsequent reports filed with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240422136029/en/

Media

Janeen Lawlor

(973) 526-1615

janeen.lawlor@advansix.com



Investors

Adam Kressel

(973) 526-1700

adam.kressel@advansix.com

Source: AdvanSix

FAQ

What rating did AdvanSix (ASIX) receive from EcoVadis?

AdvanSix received a third consecutive Platinum rating from EcoVadis.

How does the Platinum rating from EcoVadis position AdvanSix in the companies assessed?

The Platinum rating places AdvanSix in the top 1% of all companies assessed by EcoVadis.

What recognition did AdvanSix receive from CDP?

AdvanSix was recognized by CDP for its environmental management practices.

What areas does EcoVadis evaluate in its corporate sustainability performance assessment?

EcoVadis evaluates areas like Environment, Labor & Human Rights, Ethics, and Sustainable Procurement in its assessment.

When was EcoVadis established?

EcoVadis was established in 2007.