Minerals Technologies Inc. Releases 2023 Corporate Responsibility and Sustainability Report

Rhea-AI Summary

Minerals Technologies Inc. (NYSE: MTX) has released its 16th annual Corporate Responsibility and Sustainability Report, showcasing significant progress in ESG priorities. The report highlights:

• Advancement towards 2025 emission and discharge targets
• Initiation of the Science Based Targets initiative (SBTi)
• Initial reporting of Scope 3 Value Chain Emissions estimates
• Expansion of sustainable products and solutions portfolio

The report emphasizes MTI's commitment to sustainability, which is integral to its values, business practices, and strategy. It covers key areas including people and communities, sustainable growth, environmental conservation, and governance. CEO Douglas T. Dietrich emphasized how sustainability shapes their innovative product development and supports global customers in achieving environmental targets.

• Ahead of our 2025 emission and discharge targets
  
• Initiated Science Based Targets initiative (SBTi)
• Reported initial Scope 3 Value Chain Emissions estimates
• Expanded portfolio and innovation pipeline of sustainable products and solutions

NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) has published its 16^th annual Corporate Responsibility and Sustainability Report, which highlights the significant progress the Company made with its environmental, social and governance (ESG) priorities. The new report can be accessed here and features comprehensive information and key examples of how our employees are supporting MTI in its commitment to sustainability.

This report outlines MTI’s commitment and continuous improvement in all key areas, including our people and communities, sustainable growth and environmental conservation and protection as well as governance, ethics and compliance.

“Sustainability is ingrained in our values.  It shapes our business practices, our strategy, and the innovative products we develop for our customers.” said Douglas T. Dietrich, Chairman and Chief Executive Officer. “Our people, these values they share, and their common drive to achieve excellence in everything we do, combine to define our company.  In this report you will see the continued progress towards achieving our long-term goals. Furthermore, it provides insights into how our innovative products, solutions, and practices are supporting our global customer base in achieving their environmental targets.”

About Minerals Technologies Inc.
New York-based Minerals Technologies Inc. (MTI) is a leading, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, related systems, and services. MTI serves globally a wide range of consumer and industrial markets, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental. The company reported global sales of $2.2 billion in 2023. For further information, please visit our website at www.mineralstech.com.

Investor Contact:
Lydia Kopylova, (212) 878-1831

Media Contact:
Jennifer Albert, (212) 878-1840

FAQ

What key achievements did Minerals Technologies (MTX) report in its 2023 sustainability report?

MTX reported progress towards 2025 emission targets, initiated the Science Based Targets initiative, provided initial Scope 3 emissions estimates, and expanded its sustainable products portfolio.

How often does Minerals Technologies (MTX) publish its Corporate Responsibility and Sustainability Report?

Minerals Technologies publishes its Corporate Responsibility and Sustainability Report annually. The 2023 report is their 16th annual publication.

What areas does the MTX 2023 sustainability report cover?

The report covers people and communities, sustainable growth, environmental conservation and protection, as well as governance, ethics, and compliance.

How does sustainability factor into Minerals Technologies' (MTX) business strategy?

Sustainability is ingrained in MTX's values, shaping their business practices, strategy, and innovative product development for customers.

What new environmental reporting did Minerals Technologies (MTX) include in its 2023 sustainability report?

MTX reported initial Scope 3 Value Chain Emissions estimates for the first time in its 2023 sustainability report.