Advanced Drainage Systems Issues Fiscal 2024 Sustainability Report
25 July 2024 - 6:00AM
Business Wire
Advanced Drainage Systems, Inc. (ADS) (NYSE: WMS), a leading
provider of innovative water management solutions, issued its
Fiscal 2024 Sustainability Report today, demonstrating the
company’s continued commitment to environmental stewardship.
“Water is the world’s most precious resource,” said Scott
Barbour, President and Chief Executive Officer. “As an industry
leader, Advanced Drainage Systems is committed to protecting and
managing water by providing sustainable water management solutions
that safeguard the environment and build resiliency in
communities.”
A few highlights from the Fiscal 2024 report include:
Recycling:
- Purchased 540 million pounds of recycled material, making ADS
one of North America’s largest plastic recyclers, and
- Continued construction on Engineering and Technology Center in
Hilliard, OH.
Environmental Impact Reduction:
- Submitted targets to The Science Based Targets Initiative
(SBTi) for approval, including a 50% reduction in Scope 1 and Scope
2 absolute greenhouse gas (GHG) emissions and a 30% reduction in
Scope 3 GHG emissions from the Fiscal 2022 baseline.
Accountability:
- Sought limited assurance on Fiscal 2024 Scope 1 and Scope 2 GHG
emissions,
- Implemented a supplier code of conduct, and
- Signed the United Nations Global Compact.
Social Purpose:
- Contributed $2 million to charitable organizations, including
$1 million through the ADS Foundation.
Operational Excellence:
- Improved Total Recordable Incident Rate (TRIR), a company-wide
safety performance metric, by 19% compared to prior year.
“As one of the largest plastic recyclers in North America, we
remove over half a billion pounds of recycled plastic from the
waste stream each year, incorporating it into products designed to
last decades,” continued Barbour. “Further, we are continually
working to increase our usage of recycled material, with the goal
of reaching one billion pounds purchased annually by Fiscal 2032,
nearly doubling the amount of recycled plastic we purchase today.
Not only is using recycled plastic an economically viable solution,
but it also lowers our lower carbon footprint.”
ADS’ Fiscal 2024 Sustainability Report is available for download
at www.adspipe.com/sustainability.
About Advanced Drainage Systems
Advanced Drainage Systems is a leading manufacturer of
innovative stormwater and onsite septic wastewater solutions that
manages the world’s most precious resource: water. ADS and its
subsidiary, Infiltrator Water Technologies, provide superior
stormwater drainage and onsite 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/20240724705062/en/
Media Contact: Brian King EVP, Product Management and
Marketing Advanced Drainage Systems, Inc. brian.king@ads-pipe.com
Phone: 614-404-8065
Investor Relations Contact: Michael Higgins VP, Corporate
Strategy & Investor Relations Advanced Drainage Systems, Inc.
Michael.Higgins@adspipe.com Phone: 614-658-0050
Advanced Drainage Systems (NYSE:WMS)
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