Commitment to Carbon Neutrality by 2035 in Scope 1 and Scope 2 Emissions

Aspen Aerogels, Inc. (NYSE: ASPN) (“Aspen” or the “Company”), a technology leader in sustainability and electrification solutions, today announced the release of its inaugural Environmental, Social and Governance (“ESG”) Highlights Report, which is available on the Company’s newly launched ESG webpage at https://ir.aerogel.com/esg/. Aspen’s ESG Highlights Report provides a comprehensive overview of the Company’s approach to sustainability, including its commitments around climate-conscious operations, environmentally responsible manufacturing, stakeholder engagement, corporate social responsibility, and strong governance practices, amongst other key topics related to its overall ESG strategy.

See related article: Gildan Publishes its 18ᵗʰ ESG Report

Highlights from Aspen’s inaugural ESG report include:

• Stated commitment to carbon neutrality by 2035 in Scope 1 and Scope 2 emissions
• Established ESG Steering Committee comprised of multi-disciplinary senior leaders, with oversight from the Board of Directors and its Nominating, Governance & Sustainability Committee
• Undertook ESG materiality assessment and identified nine key topics across three workstreams – sustainable products, green manufacturing and social responsibility – that will frame current and future ESG priorities and corresponding program activities
• Initiated scoping of key performance indicators for ESG framework, which is designed to improve data management and reporting, as well as track future progress and benchmark improvements

Donald R. Young, President and Chief Executive Officer, noted, “The management team and the Board of Directors at Aspen Aerogels are proud to release our inaugural ESG Highlights Report. This report is the culmination of a company-wide effort to identify our most pressing ESG priorities and challenges, develop a comprehensive framework for operationalizing our ESG commitments and track our progress, and ultimately provide greater transparency to our stakeholders regarding our ESG journey. We believe we have a responsibility to make a positive impact on our communities and are committed to creating a corporate culture that pursues its mission with the highest standards of integrity. We respect and celebrate our employees by striving to create a diverse and inclusive environment.”

Mr. Young added, “Sustainability is at the very core of our products, which provide wide-ranging benefits to our customers in terms of both environmental impact and improved safety. We believe that our intrinsic product benefits, combined with continued improvements across our environmental and sustainability programs, employee and community engagement efforts, and ongoing commitment to sound governance practices, will put Aspen well on the path toward achieving our ESG goals.”

Source: PRNewswire