New Detailed Report Reemphasizes Company’s Commitment to Sustainable Agriculture
Newport Beach, CA – September 19, 2023 – American Vanguard Corporation (NYSE: AVD) is pleased to announce the release of its 2023 Corporate Sustainability Report, a detailed update of the Company’s commitment to the principles of Sustainable Agriculture, which is at the center of its Environmental, Social Responsibility, and Governance (ESG) initiative.
With the 39-page report, the Company focuses on the central role that agriculture can play in mitigating climate change. More specifically, the Company profiles its portfolio of Climate-Smart Ag solutions, including soil health products, its proprietary SIMPAS® precision application system, and MRV (measure, record, verify) platform ULTIMUS®. The Company also reports on its progress with its sustainability initiatives and provides an update of safety and environmental metrics at its manufacturing plants and laboratory facilities. To improve transparency, in future reports the Company will detail plans to expand reporting, to include Scope 3 GHG emissions, warehouses, office spaces, and international businesses, as well as social and governance metrics.
“At American Vanguard, we recognize the importance of our role and effect on the planet – from our local communities to the global environment,” said Eric Wintemute, Chairman and Chief Executive Officer, of American Vanguard. “With this 2023 Sustainability Report, we reiterate our commitment to environmental and social responsibility featuring our efforts to promote diversity and inclusion within, while engaging in community outreach outside the Company. We strive to improve the well-being of our employees and those in our communities, while safely and responsibly operating our businesses with a sense of mindfulness – toward the climate, the environment, and the good of humans and other species.”
An executive summary of the 2023 Corporate Sustainability Report along with an opportunity to download the report in its entirely can be found at the company’s website: www.American-Vanguard.com/ESG/2023-Corporate-Sustainability-Report.
About American Vanguard
American Vanguard Corporation is a diversified specialty and agricultural products company that develops, manufactures, and markets solutions for crop protection and nutrition, turf and ornamentals management, commercial and consumer pest control. Over the past 20 years, through product and business acquisitions, the Company has expanded its operations into 17 countries and now has over 1,000 product registrations in 56 nations worldwide. Its strategy rests on three growth initiatives – i) Core Business (through innovation of conventional products), ii) Green Solutions (with over 130 biorational products – including fertilizers, microbials, nutritionals and non-conventional products) and iii) Precision Agriculture innovation (including SIMPAS prescriptive application and Ultimus measure/record/verify technologies). American Vanguard is included on the Russell 2000® and Russell 3000® Indexes and the Standard & Poor’s Small Cap 600 Index. To learn more about American Vanguard, please reference the Company’s web site at www.american-vanguard.com.
The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are estimates by the Company’s management and are subject to various risks and uncertainties that may cause results to differ from management’s current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed from time-to-time in the Company’s SEC reports and filings. All forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release.
American Vanguard Corporation
William A. Kuser, Director of Investor Relations