NewAge Industries, Inc. Commits to Set Science-Based Greenhouse Gas Emission Reduction Targets

April 28, 2025 at 03:00 AM EDT

Within the next two years, NewAge will submit near- and long-term company-wide emission reductions in line with climate science and SBTi.

SOUTHAMPTON, PA, April 28, 2025 -- NewAge Industries, Inc. ("NewAge"), parent company of AdvantaPure™ and NewAge Performance Products™, today announced it has committed to set greenhouse gas (GHG) emission reductions in line with the with the Science Based Targets initiative (SBTi). Within the next two years, NewAge will submit near- and long-term company-wide emission reductions in line with climate science and SBTi. This includes a commitment to setting a long-term target to achieve net-zero value chain emissions. NewAge's commitment encompasses Scope 1, 2 and 3 GHG emissions and complements its existing achievement of attaining Net Zero Scope 2 market-based emissions.

"At NewAge, we strive to be a leader in sustainability." said Mary Marcus, NewAge's Chief Executive Officer. "Committing to set near- and long-term targets in line with SBTi is the next step in our sustainability journey and we look forward to collaborating with our suppliers and customers to lower emissions in our value chain."

NewAge will submit its GHG emission reduction targets to the SBTi within the two years required by SBTi guidelines. Once submitted, those targets will be validated against the SBTi criteria. The SBTi is a collaboration between the Carbon Disclosure Project (CDP), the United Nations (UN) Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). It defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies' targets.

ABOUT NEWAGE

In business since 1954, NewAge Industries, Inc. the parent company of AdvantaPure™ and NewAge Performance Products™, designs, manufactures, and distributes fluid transfer systems solutions, of a variety of materials, including silicone, TPE, rubber and more, in reinforced and unreinforced styles, for the high purity pharmaceutical, biopharma and industrial markets.

To download a copy of the 2024 Sustainability Report and to learn more about NewAge's sustainability programs and initiatives, please visit our website at https://newageindustries.com/about/green-initiatives/.

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NewAge Industries, Inc. Commits to Set Science-Based Greenhouse Gas Emission Reduction Targets

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