Harsco Releases 2020 Environmental, Social & Governance Report
May 19 2021 - 8:00AM
Harsco Corporation (NYSE: HSC), a global market leading provider of
environmental solutions for industrial and specialty waste streams,
today released its Environmental, Social & Governance (ESG)
Report, highlighting the Company’s corporate sustainability
accomplishments throughout fiscal year 2020.
Harsco’s most comprehensive sustainability report to date
provides a detailed look at its ESG focus areas, vision, strategy,
values, code of conduct and governance structure. To read the
full report, visit: www.harsco.com/sustainability.
Harsco is rising to the challenge of making the world a better
place by responsibly solving the most difficult global
environmental challenges. In April 2020, the Company completed its
largest acquisition to date, acquiring Stericycle’s Environmental
Solutions (ESOL) business and integrating it with the Clean Earth
division, creating what is now one of the largest hazardous waste
treatment and recycling companies in the U.S.
“Our corporate vision to be a global leader of environmental
solutions is fully intertwined with our ambition to be an ESG
leader in the industry and is critical to successfully executing
our ongoing growth strategy,” said Nick Grasberger, Chairman &
CEO of Harsco Corporation. “Our clear vision of sustainable
environmental solutions gives purpose to Harsco’s present and
defines our future.”
The 2020 Harsco ESG Report is informed by leading sustainability
reporting standards, including the Global Reporting Initiative
(GRI) and Sustainability Accounting Standards Board (SASB).
Highlights of the report include:
Focus Areas and GoalsAs part of its ESG
strategy, Harsco has defined four focus areas where it creates
value for the business and positive outcomes for stakeholders.
- Innovative Solutions
- Derive over 90-percent of annual revenue from its environmental
solutions businesses.
- Recycle or repurpose more than 75-percent of the waste and
byproduct material it processes annually.
- Thriving Environment
- Reduce the energy and carbon intensity of the Company’s
operations 15-percent by 2025.
- Avoid more than 25 million tons of carbon emissions from its
recycling and repurposing solutions from 2019 to 2025.
- Safe Workplaces
- Achieve a Total Recordable Incident Rate of less than 1.0 in
2021.
- Demonstrate continuous improvement in its five-year safety
record.
- Inspired People
- Enhance diversity and gender representation on the board and
senior management team.
- Contribute over 10,000 hours of employee volunteer service to
community organizations.
Circular EconomyTo meet the growing needs of
its partners, the planet and our global society, Harsco is
committed to accelerating the transition to a circular economy by
treating, recycling and repurposing industrial byproducts and
specialty wastes. The Company recycled or repurposed over
75-percent of the material processed in 2020.
Harsco Environmental 2021 Priorities
- Increase proportion of mill services that provide environmental
benefits to steel customers.
- Grow Applied Products and SteelPhalt businesses.
- Rebalance its portfolio to be more environmentally
focused.
Clean Earth 2021 Priorities
- Focus on organic growth opportunities, including growing the
new Fullcircle Advanced Waste Lifecycle Program, a concierge
service that carefully and strategically analyzes waste before it
even happens.
- Add treatment capabilities at existing transfer, storage and
disposal facilities.
Executive Pay and ESG PerformanceHarsco
implemented an ESG modifier for its executive leadership team and
some additional employee participants in the Company’s annual
incentive plan, modifying these individuals’ annual variable
compensation by +/- 10-percent across several ESG dimensions,
including health and safety, environmental compliance, ethics and
compliance, diversity, equity and inclusion, and employee
engagement and development.
“Tying a portion of annual incentive compensation for our top 70
executives to our ESG performance is another demonstration of how
seriously we are committed to making progress on our ESG goals
while building a better future for our people and our planet,”
Grasberger said.
About Harsco CorporationHarsco
Corporation (NYSE: HSC) is a global market leader providing
environmental solutions for industrial and specialty waste streams,
and innovative technologies for the rail sector. Based in Camp
Hill, PA, the 12,000-employee company operates in more than 35
countries. Harsco’s common stock is a component of the S&P
SmallCap 600 Index and the Russell 2000 Index. Additional
information can be found at www.harsco.com.
Investor
ContactDavid
Martin717.612.5628damartin@harsco.com |
Media ContactJay
Cooney717.730.3683jcooney@harsco.com |
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