NewAge Industries, Inc., a prominent player in the fluid transfer systems sector for biopharma and industrial markets, has recently been distinguished with a Platinum Medal by EcoVadis, a leading global platform for corporate sustainability ratings. This honor marks a significant leap from its previous gold rating, showcasing the company's unwavering commitment to sustainability across environmental, labor and human rights, ethical practices, and sustainable procurement domains.
The EcoVadis assessment is renowned for its rigorous evaluation of companies against 21 sustainability criteria. NewAge's elevation to the platinum category is a remarkable achievement, positioning it among the top 1% of companies assessed by EcoVadis worldwide. This milestone is a reflection of NewAge's dedication to sustainability, a journey that commenced nearly twenty years ago with the introduction of its Employee Stock Ownership Plan (ESOP), underscoring a long-term commitment to ethical business practices and environmental stewardship.
Mary Marcus, CEO of NewAge Industries, shared insights into the company's sustainability ethos, which is deeply embedded in its mission statement, 'In business to do good; driven to excel.' Marcus pointed out that this recognition not only validates NewAge's leadership in sustainability within its industry but also reinforces its collaborative efforts with suppliers and customers to innovate and deliver sustainable solutions. Since its inception in 1954, NewAge Industries, along with its subsidiaries AdvantaPure and NewAge Performance Products, has been a pioneer in the design, manufacture, and distribution of high-quality fluid transfer systems.
This accolade from EcoVadis serves as a testament to NewAge Industries' exemplary performance in sustainability, setting a new standard for the industry. It illustrates how integrating sustainable practices into core business operations can lead to significant achievements, benefiting not just the company but also the planet and society at large. For business and technology leaders, NewAge's story offers a compelling case study on the tangible benefits of prioritizing sustainability, from enhancing brand reputation to fostering innovation and securing a competitive edge in the market.
