Matrix Service Company Publishes Fiscal 2022 Sustainability Report
“We are pleased to have issued our second Sustainability Report to share our strategy, commitment, and progress toward contributing to a more sustainable, resilient world,” said
The theme of this year’s Report — Transforming the Future — reflects the Company’s own organizational transformation as well as the changing make-up of the projects entrusted to Matrix, including infrastructure for vital transition fuels such as LNG and natural gas, as well as hydrogen and renewables, the electrification of everything, and metals and rare earth minerals used in battery storage and other critical applications.
Key highlights include:
- ESG governance strengthened with inclusion of recommendations of the
Task Force on Climate-Related Financial Disclosures(TCFD) in addition to the previously adopted Sustainability Accounting Standards Board(SASB) framework
- Metrics for Scope 1 and 2
Greenhouse Gas(GHG) emissions with calculation of GHG emissions intensity based on revenue
- Company increases overall diversity of independent board members to 43% and launches Employee Resource Groups with Executive Sponsor support
- Reports on other key areas including Safety, Health, and Well-Being; Training and Development; and Community
The report also provides more robust information about the Company’s ESG governance and climate strategy and provides information on other key areas including ethics and compliance; quality, safety, and well-being; diversity, equity, and inclusion; and community involvement.
“Sustainability is foundational to our purpose and rooted in our core values. As we continue our sustainability journey, we believe our commitment to all areas of ESG will elevate and support our position as a contractor of choice to the energy and industrial markets, and as an employer of choice for our current and future employees,” said Hewitt.
Reporting Standards and Framework
Consistency and transparency are critical for ESG planning and, as such, beginning with the 2021 Sustainability Report, Matrix has adopted the
By following SASB and TCFD, the Company strives to identify, disclose, and communicate sustainability information considered to be materially important to all stakeholders, and believe information reported under these frameworks will result in more consistent, comparable, and meaningful reporting.
The complete report is available on Matrix Service Company’s Investor Relations website at investors.matrixservicecompany.com/ESG
The Company reports its financial results in three key operating segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions.
With a focus on sustainability, building strong Environment, Social and Governance (ESG) practices, and living our core values, Matrix ranks among the Top Contractors by Engineering-News Record, has been recognized for its Board diversification, is an active signatory to CEO Action for Diversity and Inclusion, and is recognized as a
This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as “anticipate,” “continues,” “expect,” “forecast,” “outlook,” “believe,” “estimate,” “should” and “will” and words of similar effect that convey future meaning, concerning the Company’s operations, economic performance and management’s best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences, including the successful implementation of the Company's business improvement plan and the factors discussed in the “Risk Factors” and “Forward Looking Statements” sections and elsewhere in the Company’s reports and filings made from time to time with the
For more information, please contact:
Vice President and CFO
Senior Director, Investor Relations
Source: Matrix Service Company