KATY,
Texas, April 6, 2023 /PRNewswire/ -- U.S. Silica
Holdings, Inc. (NYSE: SLCA) today released its Sustainability
Report, summarizing the Company's sustainability activities,
performance, and results for calendar year 2022. The enhanced
report incorporates discussions regarding the Company's governance
and strategy around climate-related risks and opportunities and
begins to map U.S. Silica's sustainability efforts and priorities
to the United Nations Sustainable Development Goals. Additionally,
the Company conducted its first materiality assessment to help
define its material priorities and topic areas to advance its
comprehensive approach to managing environmental, social, and
governance impacts.
This report tracks and discloses U.S. Silica's second year of a
three-year data collection process, specifically for greenhouse gas
emissions, water, and waste data, for the establishment of baseline
values for future reduction targets to be announced in the 2023
report.
2022 Key Highlights
- Achieved the safest year in Company history with a 9%
year-over-year improvement in its Total Reportable Incident
Rate
- Reported a 5% year-over-year reduction in greenhouse gas
emissions on a per ton basis
- 11% of the Industrial and Specialty Products segment product
revenues were generated from offerings that go into sustainable end
uses with environmental benefits to society
- Increased racial and ethnic minority representation by 2%
across management roles
- The Company maintained supplier diversity spend at levels over
two times above the national average for the manufacturing
industry
Bryan Shinn, Chief Executive
Officer stated, "We are making progress on our five-year corporate
goals and are one year away from completing our baseline value
assessments for the establishment of emission reduction targets. I
am very proud of our team's environmental, social, and governance
accomplishments in 2022 and I'd like to thank our employees,
customers, communities, and other stakeholders for their continued
support of U.S. Silica. We are committed to living our core values
and will continue to focus on practicing safe production and
environmentally conscious and sustainable business practices."
About U.S. Silica
U.S. Silica Holdings, Inc. is a
global performance materials company and is a member of the Russell
2000. The Company is a leading producer of commercial silica used
in the oil and gas industry and in a wide range of industrial
applications. Over its 123-year history, U.S. Silica has developed
core competencies in mining, processing, logistics and materials
science that enable it to produce and cost-effectively deliver over
600 diversified products to customers across our end markets. U.S.
Silica's wholly-owned subsidiaries include EP Minerals and SandBox
Logistics™. EP Minerals is an industry leader in the production of
products derived from diatomaceous earth, perlite, engineered
clays, and non-activated clays. SandBox Logistics™ is a
state-of-the-art leader in proppant storage, handling and well-site
delivery, dedicated to making proppant logistics cleaner, safer and
more efficient. The Company has 27 operating mines and processing
facilities and two additional exploration stage properties across
the United States and is
headquartered in Katy, Texas.
Forward-looking Statements
This press release contains
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act")
and Section 27A of the Securities Act of 1933, as amended. All
statements other than statements of historical fact are
forward-looking statements, including information related to
sustainability goals and commitments, targets and timelines for
achievement and environmental impact reduction goals.
Forward-looking statements give our current expectations and
projections relating to our financial condition, results of
operations, plans, objectives, future performance and business.
These statements may include words such as "anticipate,"
"estimate," "expect," "project," "plan," "intend," "believe,"
"may," "will," "should," "could," "can have," "likely" and other
words and terms of similar meaning. All forward-looking statements
are subject to risks and uncertainties that may cause actual
results to differ materially from those that we expect. These risks
and uncertainties include, but are not limited to, those described
in Part I, "Item 1A. Risk Factors" and elsewhere in our latest
Annual Report on Form 10-K and those described from time to time in
our future reports filed with the Securities and Exchange
Commission (the "SEC"). The forward-looking statements included
herein are made only as of the date hereof. We disclaim any
intention or obligation to update publicly or revise such
statements, whether as a result of new information, future events
or otherwise. All written and oral forward-looking statements
attributable to us, or persons acting on our behalf, are expressly
qualified in their entirety by these cautionary statements as well
as other cautionary statements that are made from time to time in
our other filings with the SEC, and our other public
communications.
U.S. Silica Holdings, Inc.
Investor Contact
Patricia
Gil
Vice President, Investor Relations & Sustainability
281-505-6011
gil@ussilica.com
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SOURCE U.S. Silica Holdings, Inc.