Albany International Publishes Inaugural Sustainability Report
08 November 2021 - 10:35PM
Business Wire
Albany International Corp. (NYSE: AIN) released its inaugural
Sustainability report, focused on the company’s management approach
and accomplishments in key environmental, social and governance
areas.
“At Albany International, we have long demonstrated that by
living by our core values of safety, accountability, integrity,
respect, passion, and innovation – we can drive our business
forward and make an impact that benefits our people, our
communities, and the world at large,” said Bill Higgins, President
and Chief Executive Officer. “In 2020 we began establishing more
formalized and scalable approaches to our sustainability practices,
reporting and systems. We undertook these tasks to ensure we
prioritize our sustainability efforts to include what is not only
most impactful to our business, but also most important to our
stakeholders.”
Key Highlights:
- Established the Albany Sustainability Council with Board
oversight and cross functional global representation across the
company;
- Assessed and researched views and preferences of key
stakeholder groups, including current and prospective
employees, customers, partners, environmental groups and
investors;
- Evaluated reporting frameworks to assess which standards
are best aligned with our business and our stakeholder’s interests
and prepare to report to those standards.
The report, and associated Sustainability Accounting Standards
Board (SASB) disclosures, can be accessed on Albany International’s
Investor Relations website.
Reporting Standards and Framework
Albany International’s approach to sustainability reporting is
intended to evolve and we expect to refine our assessments of the
most important sustainability topics from our stakeholders’
perspective, deepen the scope of our reporting on select topics,
and broaden the set of topics covered in our reporting.
The company is disclosing information and data on a variety of
subjects covered by several reporting standards. The company has
adopted the Sustainability Accounting Standards Board (SASB)
reporting standards for the Industrial Machinery & Goods
industry under the SASB’s Sustainable Industry Classification
System® (SICS®) and is disclosing information and data to that
standard. Given the company’s significant aerospace composites
business, the company has elected to supplement its disclosure by
reporting certain relevant topics contained in the SASB Aerospace
& Defense standard.
About Albany International Corp.
Albany International is a leading developer and manufacturer of
engineered components, using advanced materials processing and
automation capabilities, with two core businesses. Machine Clothing
is the world’s leading producer customized, consumable belts
essential to the manufacture of all grades of paper products.
Albany Engineered Composites is a growing designer and manufacturer
of advanced materials-based engineered components aerospace
applications, supporting both commercial and military platforms.
Albany International is headquartered in Rochester, New Hampshire,
operates 23 plants in 11 countries, employs more than 4,000 people
worldwide, and is listed on the New York Stock Exchange (Symbol
AIN). Additional information about the Company and its products and
services can be found at www.albint.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211108006029/en/
John Hobbs 603-330-5897 john.hobbs@albint.com
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