Advanced Drainage Systems Issues Fiscal 2023 Sustainability Report
September 28 2023 - 6:30AM
Business Wire
Advanced Drainage Systems, Inc. (ADS) (NYSE: WMS), a leading
provider of innovative water management solutions, issued its
Fiscal 2023 Sustainability Report today, demonstrating the
company’s continued commitment to environmental leadership and
progress toward its 10-year sustainability goals.
“ADS products protect and manage water, the world’s most
precious resource, safeguarding the environment and communities”
said Scott Barbour, president and chief executive officer.
“Large-scale stormwater-related natural disasters are occurring
more frequently and with higher volatility. These events underpin
the need for innovative stormwater management solutions that meet
the challenges we face today.”
Highlights from the report include:
- Recycling: 540 million pounds of recycled material
purchased in Fiscal 2023.
- Environmental Impact Reduction: Continued progress
toward establishing Science Based Targets to reduce absolute
greenhouse gas emissions, as well as a 16% reduction in emissions
intensity in Fiscal 2023.
- Accountability: Implementation of a supplier code of
conduct and signatory to United Nations Global Compact.
- Social Purpose: Increased diversity at management level
by 39% and established an internal Culture Exchange Council.
- Operational Excellence: 3% improvement in companywide
safety performance (Total Recordable Incident Rate or TRIR).
The report also includes an update on the company’s Engineering
and Technology Center, which will be the most advanced stormwater
testing facility in the world.
“The Engineering and Technology Center is further proof of our
commitment to being a leader in protecting and managing water,”
continued Barbour. “This facility will enable us to bring material
science, product innovation and manufacturing engineering under one
roof, accelerating innovation and collaboration. Importantly, this
facility will assist in the company’s initiative to incorporate one
billion pounds of recycled material into our products by Fiscal
2032. As one of the largest plastic recyclers in North America, we
recognize the important role we play in developing the circular
economy for plastics.”
Last fiscal year, ADS also received recognition for its
recycling, sustainability and diversity initiatives, including
honors from the American Business Awards in corporate social
responsibility and in environment, social and governance. ADS was
named to USA TODAY’s inaugural America’s Climate Leaders list and
was a finalist in Fast Company’s World Changing Ideas competition
for its recycling work. ADS was also just recognized with the Ohio
EPA’s E3 — Encouraging Environment Excellence — Award at the Gold
Level.
Barbour concluded, “Sustainability is a core part of our
business: We protect water through products that also remove
recyclable plastics from the waste stream, giving them new life as
innovative stormwater solutions that can last up to 100 years. In
addition to the depth of our own sustainability offering, ADS helps
enable our customers, suppliers, and partners to achieve their
sustainability objectives through products that have a lower carbon
footprint than traditional materials.”
The full ADS Fiscal 2023 Sustainability Report is available for
download at www.adspipe.com/sustainability.
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About Advanced Drainage Systems
Advanced Drainage Systems is a leading manufacturer of
innovative stormwater and on-site septic wastewater solutions that
manages the world’s most precious resource: water. ADS and its
subsidiary, Infiltrator Water Technologies, provide superior
stormwater drainage and on-site septic wastewater products used in
a wide variety of markets and applications including commercial,
residential, infrastructure and agriculture, while delivering
unparalleled customer service. ADS manages the industry’s largest
company-owned fleet, an expansive sales team, and a vast
manufacturing network of approximately 70 manufacturing plants and
40 distribution centers. The company is one of the largest plastic
recycling companies in North America, ensuring over half a billion
pounds of plastic is kept out of landfills every year. Founded in
1966, ADS’ water management solutions are designed to last for
decades. To learn more, visit the company’s website at
www.adspipe.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230928222955/en/
For Media Contact: Brian King EVP, Product Management and
Marketing Advanced Drainage Systems, Inc. Brian.King@adspipe.com
Phone: 614-404-8065
For Investor Relations Contact: Michael Higgins VP,
Corporate Strategy & Investor Relations Advanced Drainage
Systems, Inc. Michael.Higgins@adspipe.com Phone: 614-658-0050
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