NewAge Industries Inc.
Pennsylvania, United States
September 2020
Other manufacturing
Manufacturing
Hong Kong S.A.R.,
Netherlands The,
United States
In business since 1954, NewAge® Industries manufactures flexible plastic and rubber tubing and reinforced hose from silicone, PVC, polyurethane, TPE, and other materials. The company maintains millions of feet of products in inventory, provides custom extrusion and fabrication capabilities, and services customers worldwide. NewAge initiated an ESOP in 2006 and in 2019 became 100% employee-owned for the benefit of both its employees and customers. The company is a solar powered, zero landfill organization committed to continually minimizing its environmental impact. NewAge’s AdvantaPure® division is ISO 9001:2015 certified and specializes in high purity tubing, hose, Single-Use tubing assemblies, and molded components for the pharmaceutical and biopharm industries. Automated product identification systems, including gamma stable RFID tags, are offered by its Verigenics® division, and the company’s BrewSavor® group provides tubing and hose for craft beer, homebrew and beverage dispensing applications.
Overall B Impact Score
Governance 14.6
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Governance 14.6
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Workers 42.8
Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Community 13.9
Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.
Environment 12.2
Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.
Customers 4.4
Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.