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AZZ Inc. Releases Its First Environmental, Social Responsibility and Governance Report inForney.com

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View Full Coverage on Google NewsAZZ Inc. Releases Its First Environmental, Social Responsibility and Governance Report inForney.com

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View Full Coverage on Google News

FORT WORTH (Texas), Oct. 25, 2021 /PRNewswire/ — AZZ Inc. (NYSE AZZ), a global provider metal coating solutions, welding solution and highly engineered services, today announced the release of its first 2021 Environmental and Social Responsibility and Governance Report (“ESG Report”) The ESG Report provides an overview of our corporate sustainability initiatives, progress, and highlights AZZ’s ongoing commitment towards social and corporate responsibility. Tom Ferguson, Chief Executive Officer, AZZ, said, “We are happy to present our first annual ESG Report because it evidences our commitment in growing our business sustainably and socially responsible.” Our first ESG Report is a step towards our ongoing commitment to publicly disclose our ESG performance. The report was prepared according to the Global Reporting Initiative’s Sustainability Reporting Standards (“GRI”) and the Sustainability Accounting Standards Board (SASB) Standards for the Industrial Machinery and Goods Industry. “Daniel Feehan is Chairman of the Board of AZZ and Chair of its Nominating and Corporate Governance Committee. He added that the AZZ Board is committed in monitoring and disclosing ESG risks and opportunities and ensuring that the AZZ team has the resources necessary to do so. We implemented an environmental data management program in fiscal year 2021 to provide measurable baseline data on AZZ’s energy, water, natural gas and carbon emissions. This information will help AZZ identify additional operational efficiencies, set targets, improve on existing benchmarks, and integrate sustainability into its business strategy. “Our initial ESG Report highlights many actions taken by AZZ over the past 18 months, including:Enhancing environmental, social and governance policies and procedures;Forming a Sustainability Council, led by the Company’s Chief Legal Officer, with members of the council selected based on their knowledge of sustainability issues and cross-functional expertise in AZZ’s businesses;Disclosing ESG and sustainability principles within a newly created ESG section located on AZZ’s website;Amending its Nominating and Corporate Governance Committee Charter for the committee to provide oversight of the Company’s ESG policies and sustainability practices; andAmending AZZ’s Code of Conduct and Corporate Governance Guidelines and adopting a Human Rights Policy, Environmental Health and Safety Policy, and a Vendor Code of Business Conduct to reflect AZZ’s commitment to sustainability, diversity, equity, and inclusion.Mr. Ferguson stated, “We are committed to advancing environmental responsibility and social responsibility as strategic priorities within our organization. We believe that investing in people and communities, as well as operating our business sustainably, will create long-term value for AZZ, our stakeholders, and help us to grow our business. “To access AZZ’s 2021 ESG Report, visit our website at www.azz.com/ESG.About AZZ Inc.AZZ Inc. is a global provider of galvanizing and a variety of metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services to a broad range of markets, including but not limited to the power generation, transmission, distribution, refining and industrial markets. The Company’s Metal Coatings section is a leader in providing corrosion protection solutions to the North American steel fabricating industry. This includes hot dip galvanizing and spin galvanizing, powder coat, anodizing, anodizing, and plating. Safe Harbor Statement. Certain statements regarding our expectations of future events and results are forward-looking statements as defined by The Private Securities Litigation reform Act of 1995. Forward-looking statements can be identified by terms such as “may”, “should”, “expects,” and “plans”, “believes,” and “estimates,” and “potential,” and “continue” or any other similar terminology. These forward-looking statements are based upon current competitive, financial, and economic data as well as management’s views regarding future events. These forward-looking statements are prone to error and investors should be aware that actual results could differ from those implied or expressed in them. The outcome of the issues described in this press release could be affected by a variety of factors. Forward-looking statements in this press release could include risks and uncertainties. These include changes in customer demand for our products or services, including the demand from the power generation markets and the electrical transmission and distribution market, as well as the industrial markets and the metal coatings market. Our customers and operations in each market we serve could be affected by the ongoing COVID-19 epidemic, as well as governmental mandates. We may also experience additional increases of labor costs, components, and raw materials, such as zinc and natural gas, which are used in our hot-dip galvanizing process. Supply-chain vendor delays; customer requests delays of our products and services; delays in additional acquisitions or disposition opportunities. Currency exchange rates. The availability of experienced management to implement AZZ’s growth strategy. A downturn in any industry relating products we sell or services we provide. Economic volatility or changes to the political stability in the United States, other foreign markets, acts or terrorist Additional information about risks associated with the business has been provided by AZZ in its Annual Report on Form 10-K (February 28, 2021) and other filings with Securities and Exchange Commission (“SEC”), which can be viewed at www.azz.com and at www.sec.gov. These factors should be carefully considered when evaluating forward-looking statements. You are advised not to place undue trust in forward-looking statements. These statements are based upon information as of the date hereof. AZZ assumes no obligation or responsibility to update any forward looking statements, regardless of whether new information, future events or otherwise. View original content to download multimedia:https://www.prnewswire.com/news-releases/azz-inc-releases-its-first-environmental-social-responsibility-and-governance-report-301407814.htmlSOURCE AZZ Inc.

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