Report details impressive progress across the
company's environmental impact,
operational excellence,
employees, community and partnerships,
as well as
governance and stakeholder engagement
HILLIARD, Ohio, Aug. 1, 2022
/PRNewswire/ -- Advanced Drainage Systems, Inc. (ADS) (NYSE: WMS),
a leading manufacturer of innovative stormwater solutions and the
largest plastic recycler in North
America, today released its annual sustainability report,
detailing progress made in its commitment to Environmental, Social
and Governance (ESG) standards across its 2022 fiscal year.
Sustainability and resiliency are at the core of the ADS business,
and FY2022 ESG highlights include: 600 million pounds of
plastic recycled, 13% reduction in fuel consumption,
$2 million in charitable
contributions and a 22% decrease in energy intensity.
"Our commitment to sustainability and resiliency is one of our
most important business practices," said Scott Barbour, ADS President and CEO. "As we
like to say at ADS, our reason is water. Our goals are to preserve
and protect that resource and to continue to grow in a sustainable
way while serving the communities in which we do business. Our
10-year goals are at the heart of that work, and I am pleased to
share our progress and accomplishments in this year's
sustainability report."
ADS, which had approximately $2.8
billion in net sales for FY2022, is committed to developing
innovative solutions that protect our Earth's most precious
resource, water, while keeping hundreds of millions of pounds of
plastic out of landfills each year. With more than 12 billion feet
of ADS pipe installed around the world, the company's long history
of bringing innovative solutions and industry-leading technologies
to market has transformed the stormwater management industry over
the years.
ADS Environmental Impact
ADS recognizes climate change
to be one of the most critical global challenges facing our
environment, local communities and global economies today, and is
doing its part by implementing sustainable environmental practices
and manufacturing products to protect the world's water. In FY2022
ADS:
- Recycled 600 million pounds of plastic to become
North America's largest plastic
recycling company
- Prevented the release of 770 million pounds of
Greenhouse Gas (GHG) emissions
- Derived nearly 61% of pipe product revenue from
re-manufactured products
- Decreased GHG emissions intensity by 31% and reduced
energy intensity by 22%
- Reduced fuel consumption 13% and increased fleet miles
per gallon by 3%
- Committed to set near-term company-wide emission reductions in
line with climate science with the Science Based Targets initiative
(SBTi)
- Installed StormTech® retention/detention chambers that
infiltrate 2.7 billion gallons of stormwater runoff
- Treated 1.3 million gallons of water per minute during
storm events with ADS Barracuda water quality units
ADS Employees, Community & Partnerships
ADS is
dedicated to its employees, the communities in which its employees
live, work and play and forming lasting partnerships with
likeminded organizations that will help build a more resilient and
sustainable future. Diversity, Equity and Inclusion (DEI)
initiatives are at the heart of the company's values and play an
important part of its success and growth strategy. Fiscal 2022 was
a year of successes across all these areas. In FY2022, ADS:
- Donated $2 million to
charitable organizations
- Continued its work through the ADS Foundation, that aligns with
the company's sustainability priorities, water, recycling and
community
- 55% of director-level hires and promotions were diverse
candidates
- Developed or expanded DEI communication, educational and
training programs
- Established a Board of Directors Sustainability Committee for
governance and oversight of ADS sustainability activities
- Expanded partnerships with local and national organizations
dedicated to causes that align with ADS's core values, including
The Recycling Partnership, The Ohio State
University Sustainability Institute, Habitat for Humanity
and RAPID5, a central Ohio
organization devoted to connecting residents through natural
resources
This innovative progress is part of ADS' 10-year goals which are
focused on the REASON in our tagline "our reason is water". The
10-year goals, released in January
2022, address areas that are not only most material to ADS
business, but also where the business can make the greatest impact
and are aligned with the United Nations Sustainable Development
Goals (UN SDGs).
To learn more about ADS' commitment to sustainability, and the
FY2022 Sustainability Report, please visit the company's
sustainability site at: https://sustainability.ads-pipe.com/.
About the Company
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 provides superior drainage solutions for use
in a wide variety of markets and applications including commercial,
residential, infrastructure and agriculture. ADS delivers
tremendous service to its customers with the industry's largest
company-owned fleet, an expansive sales team, and a vast
manufacturing network of approximately 70 manufacturing plants and
38 distribution centers. ADS is the largest plastic recycling
company 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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SOURCE Advanced Drainage Systems, Inc.