LITTLE
ROCK, Ark. , July 2, 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 Executive Summary highlighting key
accomplishments in the Company's sustainability journey and
celebrating innovations creating impact across the
globe.
The 2023 Sustainability Report Executive Summary focuses on
Montrose's sustainability
approach, the impact of environmental solutions provided and
Montrose's own environmental
performance.
"I take great pride in our team's work to advance our
sustainability journey in 2023 along with the contributions we have
made to protecting our shared environment," said Vijay Manthripragada, President and Chief
Executive Officer of Montrose Environmental Group. "At the center
of our own sustainability practices and the cutting-edge solutions
we provide clients is innovation. We have accelerated our research
and development efforts to better prepare for and overcome the
challenges of today, tomorrow and the future."
The Executive Summary celebrates the Company's 2023
accomplishments including:
- Submitting near-term GHG reduction targets for validation
by the Science-Based Target Initiative (SBTi);
- Establishing two new Employee Resource Groups; and
- Expanding the Company's cybersecurity team and completing over
4,700 hours of cybersecurity training across the organization.
Additionally, the application of innovative solutions resulted
in meaningful impact in 2023, including:
- 184,808 million British thermal units (MMBtu) of renewable
natural gas (RNG) generated through the application of our biogas
technology;
- 62,320 leak detection and repair (LDAR) survey workdays and
47,384 methane (CH4) emission leaks detected through the
application of LDAR survey work;
- 20 patent applications submitted, 19 patents issued/allowed,
and 33 pending;
- 4+ billion gallons of water treated for per-
and polyfluorinated substances (PFAS), resulting in 4,071
pounds of PFAS removed from the environment globally; and
- 63 million gallons of water treated for non-PFAS
contaminants.
Read Montrose's 2023
Sustainability Report Executive Summary to learn more about the
Company's sustainability achievements and innovative
advancements.
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.