Matrix Service Company Publishes Fiscal 2023 Sustainability Report
October 04 2023 - 7:00AM
Matrix Service Company (Nasdaq: MTRX), a leading
contractor to the energy and industrial markets across North
America, today released its Fiscal 2023 Sustainability Report.
“Building on our work in fiscal 2021 and 2022, we are pleased to
have issued our third Sustainability Report to share our strategy,
commitment, and progress across environmental, social, and
governance,” said Matrix Service Company President and Chief
Executive Officer, John R. Hewitt. “In addition to our focus on
strengthening our operational excellence and financial performance,
we continued to make advances in environmental stewardship, in
fine-tuning our already strong position in social responsibility
and governance, and in incorporating sustainability into our daily
operations.”
Key highlights include:
- Metrics for Scope 1 and 2
Greenhouse Gas (GHG) emissions with calculation of GHG emissions
intensity based on revenue;
- A third-party GHG emissions
assessment to ensure appropriate procedures for reporting and
quantification of our environmental metrics were in place and best
practices documented and implemented;
- Continuous strengthening of
focus on quality, health, and safety through communication and
training, ongoing implementation of our Integrated Management
System (IMS), and increasing emphasis on use of our Safety
Observations program;
- Formalization of our
Diversity, Equity, and Inclusion (DEI)
Policy;
- Recognition as a Great Place to
Work®, a Veteran Employer Champion, and a VETS Indexes Recognized
Employer, as well as participation in third-party surveys to assist
in the identification of areas for improvement;
- Implementation of our
Supply Chain Diversity Policy;
and
- Reports on other key areas
including Safety, Health, and Well-Being; Training and Development;
and Community.
The report also provides more substantial information about the
Company’s ESG governance and climate strategy and provides
information on other key areas including ethics and compliance;
quality, safety, health, and well-being; and community
involvement.
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. In fiscal 2022, the Company also began reporting under
the Financial Stability Board’s Task Force on Climate-related
Financial Disclosure (TCFD) recommendations.
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
About Matrix Service Company
Matrix Service Company (Nasdaq: MTRX), through its subsidiaries,
is a leading North American industrial engineering, construction,
and maintenance 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 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 Great Place to Work®. To learn more about Matrix
Service Company, visit www.matrixservicecompany.com and read
our Sustainability Report.
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:
Kellie SmytheSenior Director, Investor RelationsT:
918-359-8267Email: ksmythe@matrixservicecompany.com
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