Compass Minerals Publishes Sustainability Report
August 27 2015 - 4:05PM
Business Wire
Company also announces inclusion in Forbes’ 100
Most Trustworthy Companies in America for 2015
Compass Minerals (NYSE:CMP) today released its 2014
sustainability report, Taking Care of the Essentials. This is the
first time the company has published a report using standards
established by the Global Reporting Initiative™ (GRI).
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“The release of this report marks a pivotal step toward
embracing a comprehensive approach to sustainability,” said Fran
Malecha, Compass Minerals president and CEO. “By using the GRI’s G4
Guidelines, we’re solidifying our commitment to building a more
sustainable company for the future – a company that truly engages
its stakeholders – including employees, customers, communities and
shareholders.”
Using 2013 as a baseline, the report focuses on environmental,
social and economic impacts and mitigation efforts associated with
the company’s global footprint. The sustainability report also
features several programs and projects that have been initiated
that support key sustainability pillars. Compass Minerals will work
to establish specific goals and targets that further the journey
toward being a more sustainable, transparent corporate citizen.
Accomplishments highlighted in the 2014 report include:
- An approximate 8% reduction in total
water use and water use intensity from 2013.
- Completion of a materiality assessment
with stakeholders to identify the significant economic,
environmental and social aspects of the business. We were then able
to prioritize those aspects for review and potential action in
coordination with the company’s business objectives.
- Collaboration efforts in Utah with
environmental groups such as FRIENDS of the Great Salt Lake to
champion a comprehensive water policy that supports smart
growth.
- A continued commitment to the health
and safety of our workforce, including strengthening of our Getting
to Zero workplace safety program and new health and wellness
initiatives such as participation in the Global Corporate
Challenge.
As further evidence of the company’s success in building a
transparent and accountable culture, the company is also pleased to
announce its inclusion in Forbes list of one of the 100 Most
Trustworthy Companies in America for 2015.
The list was compiled by MSCI ESG Research after screening more
than 5,500 publicly-traded North American companies to identify the
100 that most “consistently demonstrated transparent accounting
practices and solid corporate governance.”
Companies are judged against their Aggressive Accounting and
Governance Risk (AGRs) and scored on a 1 to 100 point scale.
Factors considered include high risk behaviors like regulatory
actions, amended filings, revenue and expense recognition methods
and bankruptcy risk. This year, greater emphasis was placed on
issues of corporate governance. Compass Minerals is listed in the
mid cap group and scored an 80 for its current AGR and an 89
average AGR for the last four quarters.
“Everything we do parallels our Core Values, and fundamental to
those values is our commitment to operating with integrity,” said
Malecha. “Through the publication of the report and recognition by
Forbes, we are able to show our employees, customers, shareholders
and communities in which we operate that we will continue to do
business with transparency. Our values, our corporate
sustainability principles and our strategic vision will guide our
path forward.”
View Taking Care of the Essentials at
www.compassminerals.com.
About Compass Minerals
Compass Minerals is a leading provider of essential minerals
that solve nature’s challenges, including salt for winter roadway
safety and other consumer, industrial and agricultural uses, and
specialty plant nutrition minerals that improve the quality and
yield of crops. Named one of Forbes’ 100 Most Trustworthy Companies
in America in 2015, Compass Minerals’ mission is to be the best
essential minerals company by delivering where and when it matters.
The company produces its minerals at locations throughout the U.S.
and Canada and in the U.K. For more information about Compass
Minerals and its products, please visit
www.compassminerals.com.
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Compass MineralsMedia Contact:Tara Hart, +1
913-344-9319Communications
ManagerMediaRelations@compassminerals.comorInvestor
Contact:Theresa Womble, +1 913-344-9362Director of Investor
RelationsInvestorRelations@compassminerals.com
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