Atlas Releases Inaugural Environmental, Social, and Governance Report

Rhea-AI Summary

Atlas Technical Consultants, Inc. (Nasdaq: ATCX) announced its inaugural sustainability report outlining its 2030 Environmental, Social, and Governance (ESG) goals. The report emphasizes Atlas' commitment to the UN Sustainable Development Goals and includes a full ESG strategy, governance enhancements, and a carbon footprint inventory. Key targets involve completing 50,000 infrastructure projects, reducing GHG emissions by 50%, and achieving gender pay equity. The company aims to foster diversity and community engagement through various initiatives.

Positive

• Completion of a full ESG strategy, enhancing corporate governance.
• Goals to complete 50,000 infrastructure projects by 2030.
• Target to reduce Scope 1 and 2 GHG emissions by 50%.
• Commitment to 100% employee training on unconscious biases annually.

Negative

• None.

Sets the Company’s 2030 ESG goals

Highlights Atlas’ commitment to being a more sustainable, diverse, equitable, and inclusive company, benefitting all our stakeholders today and in the future

AUSTIN, Texas, June 21, 2022 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental services provider, announced today that it has released its inaugural sustainability report, highlighting our Environmental, Social, and Governance (ESG) strategy and corresponding 2030 goals to meet its commitment to the UN Sustainable Development Goals (SDGs) and Atlas’ heart-led values and purpose. Atlas’ 2021 ESG report can be found here.

Key Highlights of the report include:

• Completion of a full ESG strategy for Atlas and setting metrics and targets for internal monitoring and external reporting on ESG.
• Commitment to transparent corporate governance by establishing a Nominating, Corporate Governance and Sustainability Board Committee, and the ESG Executive Steering Committee, to guide the company’s sustainability-related matters and strategy.
• Completion of the first carbon footprint inventory including Scope 1, Scope 2, and Scope 3 emissions.
• Appointment of the first Chief Diversity Officer (CDO) responsible for leading the effort to embed a culture of diversity and inclusion.
• Launch of the first Diversity, Equity & Inclusion (DE&I) Council, and seven employee resource groups (“ERGs”), to foster a diverse and inclusive workplace aligned with the Atlas core values.

“Our employees embrace our company’s purpose to not only be fair and inclusive, But to also serve our communities by providing resilient and sustainable solutions to mitigate the impacts of climate change,” said Atlas CEO L. Joe Boyer. “I am proud of our employees’ commitment to achieving the ESG goals we have set for our company and their continuing efforts to contribute to a safe and sustainable world for future generations.” 

Atlas’ target goals to be accomplished by 2030 include:

• Safe and Healthy Infrastructure: complete 50,000 projects that contribute to safe and resilient infrastructure and environmental assets; enhance the safety and wellbeing of our employees by reducing the severity of injury cases by 50%.
• Sustainable and Resilient Systems: reduce Scope 1 and 2 GHG (greenhouse gas) emissions by 50 percent; transition 50 percent of vehicles within our fleet to hybrid or electric models.
• Diverse, Equitable, and Inclusive Communities: achieve and maintain gender pay equity across all levels of our organization; train 100% of employees on unconscious biases annually; contribute 10,000 volunteer hours focused on STEAM (science, technology, engineering, art and math) activities that prioritize the advancement of underprivileged communities. 

About the Sustainability Report
This Report reflects information and performance data as of December 31, 2021, representing all Atlas’ operations. Please note that information contained herein does not constitute any guarantees or promises with regard to business activities, performance or future results. This Report is aligned with the Global Reporting Initiative (GRI) Standards and includes recommended disclosures from the Sustainability Accounting Standards Board (SASB) and the Taskforce on Climate-related Financial Disclosures (TCFD) frameworks.

About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a leading provider of Infrastructure and Environmental Solutions. We partner with our clients to improve performance and extend the lifecycle of built and natural infrastructure assets stressed by climate, health, and economic impacts. With 3,500+ employees nationwide, Atlas brings deep technical expertise to public- and private-sector clients, integrating services across four primary disciplines: Environmental (ENV); Testing, Inspection and Certification (TIC); Engineering & Design (E&D); and Program Management/Construction Management, and Quality Management (PCQM). To learn more about Atlas innovations for transportation, commercial, water, government, education, and industrial markets, visit https://www.oneatlas.com.

Forward-Looking Statements
The statements contained in this press release that are not purely historical are forward-looking statements. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The information included in this press release in relation to Atlas has been provided by Atlas and its management team, and forward-looking statements include statements relating to Atlas’ management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us and are based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) the effect, impact, potential duration or other implications of the COVID-19 pandemic and any expectations we may have with respect thereto; (2) the risk that our actual results may differ from the guidance we have provided; (3) the ability to recognize the anticipated benefits of our past acquisitions, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain management and key employees; (4) changes adversely affecting the business in which we are engaged; (5) changes in applicable laws or regulations; (6) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (7) other risks and uncertainties indicated from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, including those under “Risk Factors” therein.

Contacts:

Media
Karlene Barron
770-314-5270
karlene.barron@oneatlas.com

Investor Relations
Chase Jacobson, Vallum Advisors
512-851-1507
ir@oneatlas.com

FAQ

What sustainability goals has Atlas Technical Consultants set for 2030?

Atlas aims to complete 50,000 projects for safe infrastructure, reduce GHG emissions by 50%, and achieve gender pay equity.

What is the significance of Atlas' inaugural sustainability report?

The report outlines Atlas' commitment to ESG principles and establishes metrics for monitoring progress toward sustainability goals.

How is Atlas Technical Consultants addressing diversity and inclusion?

Atlas appointed a Chief Diversity Officer and launched an Employee Resource Group to foster a diverse workplace culture.

What initiatives are included in Atlas' ESG strategy?

The ESG strategy includes a carbon footprint inventory, establishment of governance committees, and environmental and social impact projects.