AFYREN Awarded Silver Medal for CSR by EcoVadis
19 October 2023 - 5:00PM
Business Wire
- Sustainability ratings leader EcoVadis places AFYREN in top
21% of all companies evaluated
- Award is a validation of AFYREN's CSR commitments and
performance
Regulatory News:
AFYREN (Paris:ALAFY), a greentech company that offers
manufacturers bio-based, low-carbon ingredients produced using
unique fermentation technology based on a completely circular
model, announced today that it was awarded a silver medal by
EcoVadis, one of the most recognized independent CSR assessment
platforms.
In its first EcoVadis rating, AFYREN obtained a score of 61/100,
placing it in the top 21% of companies out of more than 85,000
assessed worldwide, and earning it a silver medal. This recognition
by a third-party organization rewards AFYREN's constant efforts to
comply with best practices in terms of social and environmental
responsibility, and aligns perfectly with its purpose: "We enable
low-carbon, circular industry by providing biobased solutions built
with our partners to benefit the environment."
EcoVadis ratings are based on international CSR standards, such
as the Ten Principles of the United Nations Global Compact, the
conventions of the International Labour Organization (ILO), the
Global Reporting Initiative (GRI) and ISO 260000. These ratings
provide an evidence-based analysis of performance and an actionable
roadmap for continuous improvement. Each company is assessed on key
issues according to its size, location and business sector.
Caroline PETIGNY, AFYREN's Chief Sustainability Officer,
said: "We are proud of this very good score awarded by one of
the most reputable CSR rating agencies. Our value proposition is
based both on our environmental commitments, through our bio-based,
low-carbon and fully circular model, and on our social commitments.
We are delighted that our progress in these areas is recognized
year after year by independent bodies."
About EcoVadis
EcoVadis is the world's leading platform for assessing and
rating corporate sustainability performance. It offers innovative
solutions for measuring, monitoring and improving the CSR practices
of companies worldwide. Its main objective is to promote CSR by
assessing performance using a rigorous methodology and transparent
rating criteria. More than 85,000 companies in over 175 countries
have been assessed by EcoVadis. The EcoVadis evaluation takes into
account 21 CSR criteria divided into four fundamental themes:
Social Environment, Human Rights, Ethics and Responsible
Purchasing.
About AFYREN
Founded in 2012 to address manufacturers’ growing need to reduce
the carbon footprint of their inputs and move towards more natural
ingredients, AFYREN manufactures biobased products to replace
petroleum-derived molecules. With its innovative, unique, and
proprietary process, the French greentech company offers
low-carbon, bio-based alternatives in the following sectors: human
and animal nutrition, cosmetics, flavors and fragrances, and fine
chemicals. By valorizing local, non-food biomass, AFYREN helps
manufacturers offer more sustainable finished products while
remaining competitive.
The company is pursuing an ambitious development plan to better
serve its international customers. Its first plant, AFYREN NEOXY, a
joint venture with Bpifrance's SPI fund, is located in France,
primarily to serve the European market. In early 2023, AFYREN
announced the launch of a factory project in Thailand, partnering
with a world leader in the sugar industry. AFYREN is also expanding
its presence on the American continent, in line with distribution
agreements already signed.
By 2023, AFYREN employed more than 110 people in Lyon,
Clermont-Ferrand & Carling Saint-Avold; the company invests 20%
of its budget in R&D every year.
AFYREN has been listed on Euronext Growth® in Paris since 2021
(ISIN code: FR0014005AC9, ticker: ALAFY).
Find out more: https://afyren.com/
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version on businesswire.com: https://www.businesswire.com/news/home/20231018330836/en/
AFYREN Director for ESG, Communications and Public
Affairs Caroline Petigny caroline.petigny@afyren.com
Investor Relations Mark Reinhard
investisseurs@afyren.com
NewCap Investor Relations Théo Martin / Mathilde
Bohin Tel: 01 44 71 94 94 afyren@newcap.eu
NewCap Media Relations Nicolas Merigeau / Gaëlle
Fromaigeat Tel: 01 44 71 94 98 afyren@newcap.eu
BOGERT-MAGNIER COMMUNICATIONS
International Media relations Bogert-Magnier
Communications James Connell +33 6 2152 1755
jim@bogert-magnier.com
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