Arq Publishes its Inaugural ESG Overview
Arq has published its inaugural Environmental, Social, and Governance (ESG) Overview, marking a significant step in its transition to an environmental technology company. The overview outlines initiatives in employee well-being, sustainable products, environmental stewardship, and corporate governance. Key highlights include Arq’s focus on employee safety and satisfaction, development of sustainable products using bituminous coal waste, and efforts in energy and waste management. The full ESG report is expected in the second half of 2024. This publication underscores Arq's commitment to maximizing shareholder value and driving positive change for stakeholders.
- Publication of inaugural ESG Overview signifies commitment to environmental technology.
- Focus on employee well-being with competitive compensation and a healthy work-life balance.
- Development of sustainable products using bituminous coal waste.
- Robust testing and automation capabilities ensure high product quality and safety.
- Efforts in energy management, GHG emissions reduction, water and waste management.
- Commitment to biodiversity conservation.
- Diverse and experienced Board of Directors with strong business ethics.
- Primarily independent board ensuring fairness in business operations.
- No concrete financial data or performance metrics provided in the ESG Overview.
- Publication of the full ESG report delayed until the second half of 2024.
Important milestone as Arq continues transition to an environmental technology company with a core focus on maximizing shareholder value, sustainability and driving positive change for all stakeholders
GREENWOOD VILLAGE, Colo., May 22, 2024 (GLOBE NEWSWIRE) -- Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced the publication of its inaugural Environmental, Social, and Governance (ESG) Overview. This initial overview outlines the Company's initiatives in key areas, including employee well-being, sustainable products and services, environmental stewardship and responsible corporate governance. It is anticipated that the Company's full ESG report will be published in the second half of 2024.
"The publication of our inaugural ESG Overview represents another milestone in our transition to an environmental technology company and provides critical disclosures and information related to areas important to us and our stakeholders,” said Bob Rasmus, CEO of Arq. "We are proud of the progress we have made and remain committed to driving shareholder value and positive change for our employees, customers, communities and the environment."
The ESG Overview is divided into four main sections:
Our People: Arq is a safety-oriented company with an unwavering commitment to the welfare of its employees and customers. We prioritize the safety and well-being of our workforce and customers through thorough training and policies. Our employees are our most valuable asset, and we ensure their satisfaction by providing competitive compensation, benefits and a healthy work-life balance. We cultivate a diverse, fair and inclusive team, while acknowledging its pivotal role in the prosperity of our employees, business, customers and communities.
Our Products: Arq is committed to developing sustainable products that enable a safer and cleaner planet. We maintain the highest standards of product quality and safety by designing our processes with sustainability as an important consideration, including our unique use of bituminous coal waste in our production process. Our state-of-the-art facilities feature robust testing and automation capabilities that ensure we consistently uphold our commitment to delivering safe and high-quality products to our customers.
Our Environmental Impact: The overview summarizes Arq’s efforts in energy management, greenhouse gas (GHG) emissions, water management, waste management, and biodiversity conservation. As an environmental technology company, our commitment to minimizing our operations' impact on the environment is a core part of everything we do. We understand the importance of protecting our planet for future generations and strive to operate in a sustainable and eco-friendly manner.
Our Governance: Arq is committed to maintaining a diverse and experienced Board of Directors and upholding the highest standards of business ethics. We are proud to have a primarily independent board with strong diversity in background and experience. Our established Board committees help to ensure independence and fairness in how we go to market as a business, operate as a public company and compensate our leadership team.
To download the full ESG Overview, please visit https://www.arq.com/sustainability/
About Arq
Arq (NASDAQ: ARQ) is a diversified, environmental technology company with products that enable a cleaner and safer planet while actively reducing our environmental impact. As the only vertically integrated producer of activated carbon products in North America, we deliver a reliable domestic supply of innovative, hard-to-source, high-demand products. We apply our extensive expertise to develop groundbreaking solutions to remove harmful chemicals and pollutants from water, land and air. Learn more at: www.arq.com.
Caution on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a “safe harbor” for such statements in certain circumstances. When used in this press release, the words “can,” “will,” "may," “intends,” “expects,” "continuing," “believes,” similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. All statements that address activities, events or developments that the Company intends, expects or believes may occur in the future are forward-looking statements. These forward-looking statements include, but are not limited to, statements or expectations regarding: business strategy, expectations about future demand and pricing for our PAC and GAC products and our ability to enter into new markets, the ability to successfully integrate legacy Arq's business and effectively utilize legacy Arq’s products and technology, the estimated costs and timing associated with potential capital improvements at our facilities, financing sources for such projects and potential production outputs thereafter, expected market supply of GAC products and the cost savings and environmental benefits of our GAC products, and the timing and scope of future regulatory developments and the related impact of such on the demand for our products. These forward-looking statements involve risks and uncertainties. Actual events or results could differ materially from those discussed in the forward-looking statements as a result of various factors including, but not limited to, the Company’s ability to maintain relationships with customers, suppliers and others with whom it does business and meet supply requirements, or its results of operations and business generally; risks related to diverting management’s attention from the Company’s ongoing business operations; changes in construction costs or availability of construction materials; our inability to effectively manage construction and startup of the Red River GAC Facility or Corbin Facility; our inability to ramp up our operations to effectively address recent and expected growth in our business; the timing and cost of capital expenditures and the resultant impact to our liquidity and cash flows; our inability to obtain required financing or obtain financing on terms that are favorable to us; the ability to meet Nasdaq’s listing standards following the consummation of the Transaction; opportunities for additional sales of our activated carbon products and end-market diversification; the Company’s ability to meet customer supply requirements; the rate of coal-fired power generation in the United States; timing and scope of new and pending regulations and any legal challenges to or extensions of compliance dates of them; impact of competition; availability, cost of and demand for alternative energy sources and other technologies; technical, start up and operational difficulties; competition within the industries in which the Company operates; loss of key personnel; ongoing effects of the inflation and macroeconomic uncertainty, including from the ongoing pandemic and armed conflicts around the world, and such uncertainty's effect on market demand and input costs, as well as other factors relating to our business, as described in our filings with the SEC, with particular emphasis on the risk factor disclosures contained in those filings. You are cautioned not to place undue reliance on the forward-looking statements and to consult filings we have made and will make with the SEC for additional discussion concerning risks and uncertainties that may apply to our business and the ownership of our securities. In addition to causing our actual results to differ, the factors listed above may cause our intentions to change from those statements of intention set forth in this press release. Such changes in our intentions may also cause our results to differ. We may change our intentions, at any time and without notice, based upon changes in such factors, our assumptions, or otherwise. The forward-looking statements speak only as to the date of this press release.
Source: Arq, Inc.
Investor Contact:
Anthony Nathan, Arq
Marc Silverberg, ICR
investors@arq.com
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