MultiPlan Corporation Releases 2023 Environmental, Social, and Governance Report

Rhea-AI Summary

MultiPlan (NYSE: MPLN) has released its 2023 Environmental, Social, and Governance (ESG) Report, marking the second annual publication of its kind. This report underscores MultiPlan’s dedication to advancing ESG priorities, emphasizing transparency and accountability. Key highlights include the completion of its first Scope 1 and 2 greenhouse gas emission inventory, enhancement of employee education and development, expansion of healthcare access through extensive networks and Rural Health Grants, and ongoing commitment to diversity, inclusion, and ethical governance. The report details MultiPlan's efforts in managing ESG risks and opportunities, with a focus on sustainable operations and long-term value creation for stakeholders.

Positive

• Completion of first-ever Scope 1 and 2 greenhouse gas emission inventory.
• Successful implementation of employee education, engagement, and talent development programs.
• Increased access to healthcare through expansive networks and Rural Health Grants.
• Strong commitment to diversity, inclusion, and belonging initiatives.
• Development of an inaugural ESG policy covering workplace inclusion, ethics, and environmental matters.
• Adoption of a 'less is more' philosophy to minimize environmental impact.

Negative

• The report does not provide specific financial data or measurable targets achieved.
• No information on how these ESG initiatives affect overall financial performance or stock price.
• Lack of third-party validation or certification of ESG efforts.
• Potential high costs associated with implementing and maintaining ESG initiatives.

Second annual report highlights the company’s ongoing commitment to social and environmental stewardship

NEW YORK--(BUSINESS WIRE)-- MultiPlan Corporation (NYSE: MPLN) (“MultiPlan” or the “Company”), a leading value-added provider of data analytics and technology-enabled end-to-end cost management, as well as payment and revenue integrity solutions to the U.S. healthcare industry, today announced the publication of its 2023 Environmental, Social, and Governance (ESG) Report.

The report follows the release of its inaugural ESG report last year, which detailed the structured assessment and reporting approach the Company undertakes to identify, prioritize, and monitor ESG risks and opportunities. The 2023 report showcases MultiPlan’s strategic momentum in advancing ESG priorities, its focus on managing, tracking, and disclosing on the Company’s progress, and its commitment to accountability and transparency.

“At MultiPlan, we are intensely focused on addressing the healthcare challenges of the people and communities we serve, and this includes operating as a sustainable company,” said Travis Dalton, President and CEO of MultiPlan. “The achievements outlined in the report demonstrate that we’re delivering on our responsibility to operate in a manner that creates long-term value for our business, our employees, our customers, our shareholders, and the communities in which we live and work.”

The report highlights MultiPlan’s progress and notable achievements related to its 2023 priority ESG issues of access to healthcare, data privacy and security, human capital management, diversity, inclusion, and belonging, ethics and transparency, corporate governance, and sustainable operations.

This includes:

• Completing its first-ever Scope 1 and 2 greenhouse gas emission inventory;
• Continuing employee education, engagement, and talent development programs;
• Increasing access to care through expansive networks and supporting underserved communities through Rural Health Grants;
• Maintaining its commitment to the Diversity, Inclusion, and Belonging Plan;
• Developing an inaugural ESG policy to provide guidance on issues ranging from workplace inclusion, ethics, transparency, and environmental matters; and
• Adopting a “less is more” philosophy, emphasizing the identification and prioritization of essentials for day-to-day business operations to minimize environmental impact.

The full report is available on MultiPlan’s website at the following link: https://www.multiplan.us/corporate-responsibility/.

About MultiPlan
MultiPlan is committed to bending the cost curve in healthcare by delivering transparency, fairness, and affordability to the US healthcare system. Our focus is on identifying medical savings, helping to lower out-of-pocket costs, and reducing or eliminating balance billing for healthcare consumers. Leveraging sophisticated technology, data analytics, and a team rich with industry experience, MultiPlan interprets clients’ needs and customizes innovative solutions that combine its payment and revenue integrity, network-based, data and decision science, and analytics-based services. MultiPlan delivers value to more than 700 healthcare payors, over 100,000 employers, 60 million consumers, and 1.4 million contracted providers. For more information, visit multiplan.com.

Forward Looking Statements

This MultiPlan ESG Report 2023 (this “Report”) includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this Report, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “continue,” “project” or the negative of such terms and other similar expressions that predict or indicate future events or trends or that are not statements of present or historical matters. These statements are based on various assumptions, whether or not identified herein, and on the current expectations of the Company and are not predictions of actual outcomes. Actual events and circumstances are impossible to predict and are beyond the control of the Company.

The Company cautions you that these forward-looking statements are subject to numerous risk and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. Additional risks and uncertainties that could affect the Company and its financial results are included in the Company’s most recent Annual Report on Form 10-K, as filed with the U.S. Securities and Exchange Commission (the “SEC”). Additional information will also be set forth in other filings that the Company makes with the SEC from time to time. All forward-looking statements in this Report are based on information available to the Company as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240523894621/en/

Investor Relations

Luke Montgomery, CFA

SVP, Finance & Investor Relations

MultiPlan

866-909-7427

investor@multiplan.com

Shawna Gasik

AVP, Investor Relations

MultiPlan

866-909-7427

investor@multiplan.com

Media Relations

Pamela Walker

AVP, Marketing & Communications

781-895-3118

press@multiplan.com

Source: MultiPlan Corporation

FAQ

What are the key highlights of MultiPlan's 2023 ESG Report?

Key highlights include the completion of the company's first Scope 1 and 2 greenhouse gas emission inventory, enhanced employee education and development programs, expanded access to healthcare, and a strong commitment to diversity, inclusion, and ethical governance.

How has MultiPlan increased access to healthcare in 2023?

MultiPlan has increased access to healthcare by expanding its networks and supporting underserved communities through Rural Health Grants.

What steps has MultiPlan taken towards sustainability?

MultiPlan has completed its first-ever Scope 1 and 2 greenhouse gas emission inventory and adopted a 'less is more' philosophy to minimize environmental impact.

What is MultiPlan's approach to diversity and inclusion?

MultiPlan maintains a strong commitment to its Diversity, Inclusion, and Belonging Plan, developing policies that ensure workplace inclusion, ethics, and transparency.

What is the stock symbol for MultiPlan ?

The stock symbol for MultiPlan is MPLN.