AeroVironment Releases Inaugural Corporate Social Responsibility Report
23 August 2022 - 11:10PM
Business Wire
- Emphasizes AeroVironment’s commitment to transparency of its
environmental, social and governance practices
- Report establishes baseline metrics that the company can build
upon
AeroVironment, Inc. (NASDAQ: AVAV), a global leader in
intelligent, multi-domain robotic systems, announced today the
publication of its inaugural Corporate Social Responsibility
report, detailing the company’s environmental, social and
governance achievements to date and its commitment to developing
sustainable products, cultivating a diverse and inclusive
workforce, and pursuing continuous improvement in environmental
performance for the future. The company plans to release an updated
report on progress annually.
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the full release here:
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AeroVironment has published its first
Corporate Social Responsibility report, highlighting its commitment
to environmental, social and governance (ESG) practices and
establishing baseline metrics. (Photo: AeroVironment, Inc.)
“AeroVironment is built on a legacy of more than 50 years of
environmental stewardship and our continued commitment to
sustainability is embedded in our company’s mission of developing
innovative, future-forward technologies that save energy, resources
and lives,” said Wahid Nawabi, AeroVironment chairman, president
and chief executive officer. “With our inaugural sustainability
report, we are able to translate these inherent ideals into
tangible data that we can evaluate and improve upon.
“Setting these expectations and communicating them publicly to
our employees, customers, partners, suppliers, communities and
shareholders further strengthens our commitment to doing more with
less and ensuring that our environmental footprint is as light as
possible while hopefully inspiring other organizations to follow
suit.”
Highlights from the report include:
- The creation of a cross-functional internal team tasked with
advancing AeroVironment’s environmental, social and governance
(ESG) goals, practices and initiatives
- The formation of a Diversity and Inclusion Committee to lead
the charter of building an inclusive culture that encourages,
supports and celebrates the diverse voices of the workforce
- Achievement of International Organization for Standardization
(ISO) 14001 certification at eight facilities with 66 percent of
AeroVironment’s facilities demonstrating that the company adheres
to the highest standards for identifying, monitoring and
controlling environmental impacts
- Initiation of a robust e-waste recycling program for obsolete
technology, making sure that salvageable materials are reused and
hazardous materials are disposed of properly, donating the revenue
received from the recycler to a local education foundation
- Commitment to partnering with small, disadvantaged,
woman-owned, and veteran and disabled veteran-owned businesses to
the fullest extent possible in Federal Government contracts through
Small Business Participation Plan, providing small businesses with
equitable opportunity to participate and compete in procurements of
products and services
- Achievement of Great Place to Work® certification for the
fourth consecutive year based on exceptionally high employee survey
ratings and continuous improvements made companywide
To view AeroVironment’s inaugural 2022 Corporate Social
Responsibility report, visit www.avinc.com.
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) provides technology solutions at
the intersection of robotics, sensors, software analytics and
connectivity that deliver more actionable intelligence so you can
Proceed with Certainty. Headquartered in Virginia,
AeroVironment is a global leader in intelligent, multi-domain
robotic systems and serves defense, government and commercial
customers. For more information, visit www.avinc.com.
SAFE HARBOR STATEMENT
Certain statements in this press release may constitute
"forward-looking statements" as that term is defined in the Private
Securities Litigation Reform Act of 1995. These statements are made
on the basis of current expectations, forecasts and assumptions
that involve risks and uncertainties, including, but not limited
to, economic, competitive, governmental and technological factors
outside of our control, that may cause our business, strategy or
actual results to differ materially from those expressed or
implied. Factors that could cause actual results to differ
materially from the forward-looking statements include, but are not
limited to, our ability to perform under existing contracts and
obtain additional contracts; changes in the regulatory environment;
the activities of competitors; failure of the markets in which we
operate to grow; failure to expand into new markets; failure to
develop new products or integrate new technology with current
products; and general economic and business conditions in the
United States and elsewhere in the world. For a further list and
description of such risks and uncertainties, see the reports we
file with the Securities and Exchange Commission. We do not intend,
and undertake no obligation, to update any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220823005328/en/
Makayla Thomas AeroVironment, Inc. +1 (805) 520-8350
pr@avinc.com Mark Boyer For AeroVironment, Inc. +1 (310) 229-5956
mark@boyersyndicate.com
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