Matrix Service Company Publishes Inaugural Sustainability Report
September 22 2021 - 04:04PM
Matrix Service Company (Nasdaq: MTRX), a leading
contractor to the energy and industrial markets across North
America, today released its inaugural Sustainability Report,
focused on the Company’s Environmental, Social and Governance (ESG)
commitments, strategic objectives, and accomplishments.
Key highlights:
- Company will use SASB reporting standards to guide
reporting of key Sustainability targets
- Established enterprise-wide ESG governance framework,
with oversight by the Company’s Board of Directors, to drive
culture, accountability and continuous improvement
- Establishes
baseline metrics for Scope 1 and 2 Greenhouse Gas (GHG)
emissions
- Sets
employee diversity baseline to shape recruiting efforts, succession
planning, and professional development
- Reports on
other key areas including Safety, Health, and Well-Being; Training
and Development; and Community
“The tenets of sustainability, along with our
strong commitments to safety, ethics and integrity, stewardship,
and diversity, equity and inclusion, are foundational to Matrix and
engrained in our Company’s culture and core values,” said Matrix
Service Company President and Chief Executive Officer, John R.
Hewitt. “As such, I am pleased to announce the release of our first
annual Sustainability Report, an enterprise-wide effort undertaken
by our employees and leadership, to showcase our accomplishments,
identify areas of continuous improvement, and set the stage for
transparent annual reporting on all areas of ESG.”
The 2021 Sustainability Report, which can be accessed on
Matrix Service Company’s Investor Relations website, is a
compilation of the Company’s performance in ESG, including the
Company’s approach to sustainability, environmental stewardship,
corporate governance, and our social impact.
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 Sustainability Accounting Standards
Board (SASB) reporting standards and included a SASB reference
table that details where the information set forth by SASB for the
construction and engineering sector can be found in our public
reporting. Matrix will also begin reporting under the Financial
Stability Board’s Task Force on Climate-related Financial
Disclosure (TCFD) framework in fiscal 2022.
By following SASB and TCFD, the Company strives
to identify, disclose, and communicate sustainability information
considered to be materially important to all stakeholders.
The complete report is available on Matrix Service Company’s
Investor Relations website at
investors.matrixservicecompany.com/ESG.
About 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 throughout the United States and
Canada, as well as Sydney, Australia and Seoul, South Korea.
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 100 Contractors by
Engineering-News Record, was recognized for its Board
diversification by 2020 Women on Boards, is an active signatory to
CEO Action for Diversity and Inclusion, and is consistently
recognized as a Great Place to Work®. To learn more about Matrix
Service Company, visit matrixservicecompany.com.
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 Securities and Exchange
Commission. Many of these risks and uncertainties are beyond the
control of the Company, and any one of which, or a combination of
which, could materially and adversely affect the results of the
Company's operations and its financial condition. We undertake no
obligation to update information contained in this release, except
as required by law.
For more information, please contact:
Kevin S. CavanahVice President and CFOT: 918-838-8822Email:
kcavanah@matrixservicecompany.com
Kellie SmytheSenior Director, Investor RelationsT:
918-359-8267Email: ksmythe@matrixservicecompany.com
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