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Bowman Publishes Initial Materiality Assessment

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Bowman Consulting Group (NASDAQ: BWMN) has completed and published its inaugural double materiality assessment, demonstrating the company's dedication to improving its sustainability, engagement, and governance strategies. The assessment, which involved stakeholder engagement, identified 13 key sustainability areas considered material from impact and financial perspectives.

Bruce Labovitz, CFO and designated sustainability officer, described this as a significant step in Bowman's journey as a socially engaged and sustainability-conscious company. The assessment provided valuable insights into stakeholders' views on how Bowman's operations intersect with sustainability, social engagement, and financial exposures.

Moving forward, Bowman plans to develop targeted strategies and impactful initiatives addressing the identified sustainability topics, with a focus on those exhibiting high degrees of double materiality. The company aims to leverage these insights to direct future efforts effectively and transparently.

Bowman Consulting Group (NASDAQ: BWMN) ha completato e pubblicato la sua valutazione di doppia materialità inaugurale, dimostrando l'impegno dell'azienda nel migliorare le sue strategie di sostenibilità, coinvolgimento e governance. La valutazione, che ha previsto il coinvolgimento degli stakeholder, ha identificato 13 importanti aree di sostenibilità considerate materiali sia da una prospettiva di impatto che finanziaria.

Bruce Labovitz, CFO e responsabile sostenibilità designato, ha descritto questo come un passo significativo nel percorso di Bowman come azienda socialmente impegnata e consapevole della sostenibilità. La valutazione ha fornito preziosi spunti sulle opinioni degli stakeholder riguardo a come le operazioni di Bowman si intersecano con la sostenibilità, il coinvolgimento sociale e le esposizioni finanziarie.

Guardando al futuro, Bowman intende sviluppare strategie mirate e iniziative impattanti per affrontare i temi di sostenibilità identificati, con un focus su quelli che mostrano alti gradi di doppia materialità. L'azienda mira a sfruttare queste intuizioni per indirizzare efficacemente e in modo trasparente gli sforzi futuri.

Bowman Consulting Group (NASDAQ: BWMN) ha completado y publicado su evaluación de doble materialidad inaugural, demostrando el compromiso de la empresa en mejorar sus estrategias de sostenibilidad, compromiso y gobernanza. La evaluación, que involucró la participación de las partes interesadas, identificó 13 áreas clave de sostenibilidad que se consideran materiales desde perspectivas de impacto y financieras.

Bruce Labovitz, CFO y oficial de sostenibilidad designado, describió esto como un paso significativo en el viaje de Bowman como empresa socialmente comprometida y consciente de la sostenibilidad. La evaluación proporcionó valiosos insumos sobre las opiniones de las partes interesadas acerca de cómo las operaciones de Bowman se intersectan con la sostenibilidad, el compromiso social y las exposiciones financieras.

A partir de ahora, Bowman planea desarrollar estrategias específicas e iniciativas impactantes que aborden los temas de sostenibilidad identificados, con un enfoque en aquellos que muestran altos grados de doble materialidad. La empresa pretende aprovechar estos conocimientos para dirigir eficaz y transparentemente los esfuerzos futuros.

보우먼 컨설팅 그룹 (NASDAQ: BWMN)은 이중 중요성 평가를 완료하고 발표하여 회사의 지속 가능성, 참여 및 거버넌스 전략 개선에 대한 헌신을 보여주었습니다. 이 평가는 이해관계자 참여를 포함하며, 13개의 주요 지속 가능성 분야를 식별하였으며, 이러한 분야는 영향과 재무 관점에서 중요하다고 간주되었습니다.

CFO이자 지정된 지속 가능성 담당자인 브루스 라보비츠는 이를 보우먼의 여정에서 중요한 단계로 설명했습니다. 이 평가는 이해관계자들이 보우먼의 운영이 지속 가능성, 사회적 참여 및 재무 위험과 교차하는 방식에 대한 견해에 대한 귀중한 통찰력을 제공했습니다.

앞으로 보우먼은 식별된 지속 가능성 주제를 해결하기 위해 목표 전략 및 영향력 있는 이니셔티브를 개발할 계획이며, 이중 중요성이 높은 주제에 중점을 둘 것입니다. 회사는 이러한 통찰력을 활용하여 향후 노력을 효과적이고 투명하게 지향하는 것을 목표로 하고 있습니다.

Bowman Consulting Group (NASDAQ: BWMN) a complété et publié sa première évaluation de double matérialité, démontrant ainsi l'engagement de l'entreprise à améliorer ses stratégies de durabilité, d'engagement et de gouvernance. L'évaluation, qui a impliqué la participation des parties prenantes, a identifié 13 domaines clés de durabilité considérés comme matériels d'un point de vue d'impact et financier.

Bruce Labovitz, CFO et responsable de la durabilité désigné, a décrit cela comme un pas significatif dans le parcours de Bowman en tant qu'entreprise socialement engagée et consciente de la durabilité. L'évaluation a fourni des éclairages précieux sur les points de vue des parties prenantes concernant l'intersection des opérations de Bowman avec la durabilité, l'engagement social et les expositions financières.

À l'avenir, Bowman prévoit de développer des stratégies ciblées et des initiatives percutantes pour aborder les sujets de durabilité identifiés, en se concentrant sur ceux présentant des degrés élevés de double matérialité. L'entreprise vise à tirer parti de ces connaissances pour orienter efficacement et de manière transparente ses efforts futurs.

Die Bowman Consulting Group (NASDAQ: BWMN) hat ihre erste Doppelmaterialitätsbewertung abgeschlossen und veröffentlicht, was das Engagement des Unternehmens zur Verbesserung seiner Strategien für Nachhaltigkeit, Engagement und Governance zeigt. Die Bewertung, die die Beteiligung von Interessengruppen einbezog, identifizierte 13 wichtige Nachhaltigkeitsbereiche, die aus Auswirkungen und finanzieller Perspektive als materiell angesehen werden.

Bruce Labovitz, CFO und designierter Nachhaltigkeitsbeauftragter, beschrieb dies als einen eckigen Schritt auf Bowmans Weg als sozial engagiertes und nachhaltig orientiertes Unternehmen. Die Bewertung lieferte wertvolle Einblicke in die Ansichten der Interessengruppen darüber, wie Bowmans Betriebsabläufe mit Nachhaltigkeit, sozialem Engagement und finanziellen Risiken verbunden sind.

In der Zukunft plant Bowman die Entwicklung von gezielten Strategien und wirkungsvollen Initiativen, die sich mit den identifizierten Nachhaltigkeitsthemen befassen, wobei der Schwerpunkt auf Themen liegt, die einen hohen Grad an Doppelmaterialität aufweisen. Das Unternehmen zielt darauf ab, diese Erkenntnisse zu nutzen, um zukünftige Bemühungen effektiv und transparent zu leiten.

Positive
  • Completion of inaugural double materiality assessment
  • Identification of 13 key sustainability areas
  • Commitment to enhancing sustainability, engagement, and governance strategies
Negative
  • None.

RESTON, Va.--(BUSINESS WIRE)-- Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), a national engineering services firm delivering infrastructure design solutions and project management services to customers who own, develop and maintain the built environment, today announced the completion and publication of its inaugural double materiality assessment. The assessment underscores the company’s commitment to enhancing its sustainability, engagement and governance strategies and practices.

A double materiality assessment engages with stakeholders to determine the environmental, societal, and financial effects that risks and opportunities associated with sustainability and governance present to the company. Bowman’s materiality assessment resulted in the identification of 13 key sustainability areas deemed material by stakeholders, either from an impact perspective, a financial perspective, or both. The results of this report can be found on the Sustainability page of Bowman’s investor relations website.

“This initial assessment is a significant step in our journey as a socially engaged and sustainability conscious company,” said Bruce Labovitz, chief financial officer and designated sustainability officer. “The assessment revealed insightful perspectives and highlighted critical areas where stakeholders believe our operations intersect with sustainability, social engagement, and financial exposures. From here, we will plan targeted strategies and impactful initiatives that address the identified sustainability topics, prioritizing those with high degrees of double materiality. We look forward to leveraging the insights from this report to direct our future efforts most effectively and transparently.”

About Bowman Consulting Group Ltd.

Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With over 2,200 employees and more than 95 offices throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement, and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, business strategy and plans and objectives for future operations, are forward-looking statements and represent our views as of the date of this press release. The words “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intend”, “may”, “will”, “goal” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to several assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. Considering these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements after the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

Investor Relations Contacts:

Bruce Labovitz

ir@bowman.com

Betsy Patterson

betsy.patterson@bowman.com

Source: Bowman Consulting Group

FAQ

What did Bowman Consulting Group (BWMN) recently publish?

Bowman Consulting Group (BWMN) recently published its inaugural double materiality assessment, focusing on sustainability, engagement, and governance strategies.

How many key sustainability areas did Bowman (BWMN) identify in its assessment?

Bowman (BWMN) identified 13 key sustainability areas deemed material by stakeholders in its double materiality assessment.

Who is the designated sustainability officer at Bowman Consulting Group (BWMN)?

Bruce Labovitz, who is also the Chief Financial Officer, is the designated sustainability officer at Bowman Consulting Group (BWMN).

What are Bowman's (BWMN) plans following the materiality assessment?

Following the materiality assessment, Bowman (BWMN) plans to develop targeted strategies and impactful initiatives addressing the identified sustainability topics, prioritizing those with high degrees of double materiality.

Bowman Consulting Group Ltd.

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