TULSA, Oklahoma, September 22, 2021 (GLOBE NEWSWIRE) – Matrix service company (Nasdaq: MTRX), one of North America’s leading energy and industrial markets subcontractors, today released its first sustainability report, focusing on environmental, social commitments and governance (ESG), strategic objectives and achievements of the company.
- The company will use SASB reporting standards to guide reporting of key sustainability goals
- Establishment of a company-wide ESG governance framework, overseen by the company’s board of directors, to foster culture, accountability and continuous improvement
- Establishes baseline measurements for Scope 1 and 2 greenhouse gas (GHG) emissions
- Sets the baseline of employee diversity to shape recruiting efforts, succession planning and professional development
- Reports on other key areas, including safety, health and welfare; Training and development; and community
âThe principles of sustainability, along with our strong commitments to safety, ethics and integrity, stewardship, diversity, equity and inclusion, are fundamental to Matrix and rooted in culture and core values ââof our company, âsaid Matrix Service Company President and CEO. Officer, John R. Hewitt. âAs such, I am pleased to announce the publication of our first annual sustainability report, a company-wide effort undertaken by our employees and leaders, to showcase our accomplishments, identify areas continuous improvement and prepare the ground for a transparent annual report on all areas of ESG.
The 2021 Sustainability Report, available on the Matrix Service Company Investor Relations website, is a compilation of the company’s ESG performance, including the company’s approach to sustainability, environmental stewardship, corporate governance and our social impact.
Standards and reporting framework
Consistency and transparency are essential for ESG planning and, as such, starting with the 2021 Sustainability Report, Matrix has adopted the reporting standards of the Sustainability Accounting Standards Board (SASB) and has included a SASB benchmark table. which details where the information provided by SASB for the construction and engineering sector can be found in our public reports. Matrix will also begin reporting as part of the Financial Stability Board Working Group on Climate-Related Financial Disclosure (TCFD) Working Group in FY2022.
By following SASB and TCFD, the Company strives to identify, disclose and communicate sustainability information considered materially important to all stakeholders.
The full report is available on the Matrix Service Company Investor Relations website at Investors.matrixservicecompany.com/ESG.
About the Matrix service company
Matrix Service Company (Nasdaq: MTRX), through its subsidiaries, is a leading North American industrial engineering and construction contractor headquartered in Tulsa, Oklahoma, with offices located in the United States and Canada, as well as Sydney, Australia and Seoul, South Korea.
The Company reports financial results in three key operating segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions.
By focusing on sustainability, putting in place strong environmental, social and governance (ESG) practices and living our core values, Matrix is ââranked among the top 100 entrepreneurs by Engineering-News Record, has been recognized for the diversification of its board by 2020 Women on Boards, is an active signatory of CEO Action for Diversity and Inclusion, and is regularly recognized as a Great Place to WorkÂ®. To learn more about Matrix Service Company, visit matrixservicecompany.com.
This press release contains forward-looking statements based on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are usually accompanied by words such as âanticipateâ, âcontinueâ, âexpectâ, “Forecast”, “outlook”, “believe”, “estimate”, “should” and “will” and words of similar effect which convey future meaning, concerning the operations of the Company, economic performance and best judgment management as to what may happen in the future. Future events involve risks and uncertainties which may cause actual results to differ materially from those we currently anticipate. Actual results for current and future periods and other business developments will depend on a number of economic, competitive and other influences, including the successful implementation of the Company’s business improvement plan. and the factors discussed in âRisk Factorsâ and âStatementsâ and elsewhere in the Company’s reports and filings made from time to time with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond the control of the Company, and each of them, or a combination of them, could have a material adverse effect on the Company’s results of operations and financial condition. . We assume no obligation to update the information contained in this press release, except as required by law.
For more information please contact:
Kevin S. Cavanah
Vice President and Chief Financial Officer
Phone. : 918-838-8822
Email: [email protected]
Senior Director, Investor Relations
Email: [email protected]