LITTLE ROCK, Ark., June 25, 2024 /CNW/ -- Montrose Environmental
Group, Inc. ("Montrose" or "the
Company") (NYSE: MEG), a high-growth global environmental solutions
company, today released its 2023 Sustainability Report providing
updates on the Company's sustainability journey along with insights
into its innovative work supporting clients and communities across
the globe.
The 2023 Sustainability Report highlights key elements of
Montrose's long-term business
sustainability efforts, including caring for employees, serving
communities, positively impacting our environment and effecting
meaningful change.
"At Montrose, we view our business' sustainability as core to
our decision framework," said Vijay
Manthripragada, President and Chief Executive Officer of
Montrose Environmental Group. "Our sustainability approach
addresses the elements identified by our materiality assessment,
focusing on factors most relevant to our business, stakeholders and
employees. This informs our comprehensive strategy for serving and
assisting our clients – the One Montrose way. This means
integrating sustainable practices into our daily operations, while
also providing clients with cutting-edge solutions to maximize
their positive impact on our shared environment."
Key 2023 accomplishments for Montrose include:
- Expanding the disclosure of the Company's energy use and
greenhouse gas (GHG) emissions, including recalculating the 2022
baseline inventory and undertaking an enhanced Scope 3 emissions
inventory;
- Developing near-term targets to underpin the Company's net zero
goal and submitting them to SBTi for validation;
- Completing strategic acquisitions, including Matrix Solutions,
Greenpath Energy and Vandrensning, to better serve the Company's
clients and deepen expertise in new geographies;
- Completing an organization-wide talent and compensation review
to identify future leaders, assess talent gaps and chart future
opportunities;
- Strengthening our cybersecurity measures by expanding the
Company's dedicated cybersecurity team, establishing a Generative
AI Policy and implementing an automated security flaw remediation
process; and
- Successfully launching two new Employee Resource Groups (ERGs)
along with continued investment in our Diversity, Fairness and
Inclusion program and our WeLEAD mentorship program.
Additionally, the Company provides updates on its two long-term
sustainability goals:
- Achieving net zero GHG emissions by 2040; and
- Achieving and maintaining gender balance across its workforce
by 2040.
Read Montrose's 2023
Sustainability Report to learn more about the Company's
commitments, innovative solutions and contributions to improving
our planet.
About Montrose
Montrose is a leading
environmental solutions company focused on supporting commercial
and government organizations as they deal with the challenges of
today and prepare for what's coming tomorrow. With ~3200 employees
across 100+ locations worldwide, Montrose combines deep local knowledge with an
integrated approach to design, engineering, and operations,
enabling Montrose to respond
effectively and efficiently to the unique requirements of each
project. From comprehensive air measurement and laboratory services
to regulatory compliance, emergency response, permitting,
engineering, and remediation, Montrose delivers innovative and practical
solutions that keep its clients on top of their immediate needs –
and well ahead of the strategic curve. For more information, visit
www.montrose-env.com.
Forward‐Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements may be identified by the use of
words such as "intend," "expect", and "may", and other similar
expressions that predict or indicate future events or that are not
statements of historical matters. Forward-looking statements are
based on current information available at the time the statements
are made and on management's reasonable belief or expectations with
respect to future events, and are subject to risks and
uncertainties, many of which are beyond the Company's control, that
could cause actual performance or results to differ materially from
the belief or expectations expressed in or suggested by the
forward-looking statements. Additional factors or events that could
cause actual results to differ may also emerge from time to time,
and it is not possible for the Company to predict all of them.
Forward-looking statements speak only as of the date on which they
are made, and the Company undertakes no obligation to update any
forward-looking statement to reflect future events, developments or
otherwise, except as may be required by applicable law. Investors
are referred to the Company's filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for
the year ended December 31, 2023, for
additional information regarding the risks and uncertainties that
may cause actual results to differ materially from those expressed
in any forward-looking statement.
Contacts
Montrose
Investor Relations:
Rodny Nacier
(949) 988-3383
ir@montrose-env.com
Media Relations:
Sarah Kaiser
(225) 955-1702
pr@montrose-env.com
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SOURCE Montrose Environmental Group, Inc.