Little Rock, Arkansas, June 26, 2024 / PRNewswire / -- Montrose Environmental Group, Inc. (referred to as 'Montrose' or 'the Company') (NYSE: MEG) is a fast-growing global environmental solutions company. Montrose today released its 2023 Sustainability Report, updating its progress in the field of sustainable development and sharing insights that support innovative work for global customers and communities.

The 2023 Sustainability Report highlights the key elements of Montrose's long-term sustainable business efforts, including caring for employees, serving the community, positively impacting the environment, and achieving meaningful change.

"At Montrose, business sustainability is at the core of our decision-making framework," said Vijay Manthripragada, President and Chief Executive Officer of Montrose Environmental Group. "The elements covered by our sustainable development approach have undergone an important evaluation, with a focus on factors that are most closely associated with business, stakeholders, and employees. Guided by this approach, our One Montrose strategy is able to provide customers with comprehensive services and assistance. This means incorporating sustainable practices into daily operations while delivering cutting-edge solutions to customers to maximize their positive impact on our shared environment."

Montrose's major achievements in 2023 include:

• Driving more transparency in company energy use and greenhouse gas (GHG) emissions, including recalculating the baseline inventory for 2022 and using an expanded Scope 3 emissions inventory;
• Establishing short-term targets to help the company achieve net zero and submitting them to SBTi for verification;
• Completing strategic acquisitions, including those of Matrix Solutions, Greenpath Energy, and Vandrensning, to provide better services for the company's customers and deepen expertise in new areas;
• Conducting a comprehensive review of talent and compensation across the company to identify future leaders, assess talent gaps, and plan for future opportunities;
• Expanding the size of the company's dedicated cybersecurity team, establishing a generative AI policy, and implementing automated security vulnerability remediation processes to strengthen the company's cybersecurity measures; and
• Successfully launching two new Employee Resource Groups (ERGs) and continuing to invest in diversity, equity, and inclusion initiatives and the WeLEAD mentorship program.

In addition, the company updated information on two long-term sustainable development goals:

• Achieving net zero greenhouse gas emissions by 2040; and
• Achieving and maintaining gender-balanced workforce configurations by 2040.

Read Montrose's 2023 Sustainability Report for more information on the company's commitments, innovative solutions, and contributions to improving the earth's environment.

About Montrose

Montrose, a leader in environmental solutions, is committed to supporting businesses and government organizations in addressing today's challenges and preparing for the future. With approximately 3,200 employees in over 100 locations worldwide, Montrose efficiently addresses the unique needs of each project by combining deep local knowledge with integrated design, engineering, and operational strategies. Montrose provides comprehensive air measurement and laboratory services, covering aspects such as regulatory compliance, emergency response, permitting, engineering, and remediation. We are committed to offering innovative and practical solutions to our customers that meet their immediate needs while maintaining a strategic position. For more information, visit.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by words such as "intend," "expect," "may," "could," "would," "will," "should," "believe," "project," and similar expressions and includes, but is not limited to, statements regarding Montrose's intentions, beliefs or current expectations with respect to, among other things, the future financial condition, results of operations, plans, or strategies and objectives of Montrose. Forward-looking statements are based on current information and expectations, including, but not limited to, Montrose's understanding of the regulatory environment, and speak only as of the date of this press release. Montrose does not undertake to update or revise forward-looking statements to reflect changed assumptions, new information, future events, or any other changes in circumstances. These forward-looking statements speak only as of the date of this press release and should not be relied upon as predictions of future events. Actual results, performance, or achievements could differ materially from those expressed or implied in these forward-looking statements as a result of various factors, including, but not limited to, those discussed in Montrose's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2023. Montrose has no obligation to update any forward-looking statements after the date of this press release, and it is not intended to do so.

Contacts

Montrose
Investor Relations Contact:
Rodny Nacier
(949) 988-3383
ir@montrose-env.com

Media relations officer:
Sarah Kaiser
(225) 955-1702
pr@montrose-env.com