Myers Industries Releases Inaugural Environmental, Social, and Governance Report

Rhea-AI Summary

Myers Industries, Inc. (NYSE: MYE) released its 2021 Environmental, Social, and Governance (ESG) Report, highlighting its dedication to sustainable practices and enhanced transparency. CEO Mike McGaugh emphasized the company's commitment to integrating sustainability into operations. The report is based on a thorough materiality assessment and aligns with recognized frameworks like SASB and GRI. Myers aims for continuous improvement in measuring ESG progress. The full report is accessible on the company’s website.

Positive

• Release of the first ESG Report demonstrates commitment to sustainability.
• Utilization of SASB and GRI frameworks indicates a structured approach to ESG goals.
• Focus on operational excellence and growth mindset aligns with long-term strategy.

Negative

• None.

Myers establishes pillars of ESG strategy: Products, Planet, and People

AKRON, Ohio--(BUSINESS WIRE)-- Myers Industries, Inc. (NYSE: MYE), today announced the release of its 2021 Environmental, Social, and Governance (ESG) Report as part of its ongoing efforts to increase transparency around its ESG strategy and initiatives.

“We are proud to share our first Environmental, Social and Governance (ESG) Report, which highlights our commitment to sustainable business practices and how we are addressing key ESG areas of focus,” said Mike McGaugh, President and CEO of Myers Industries. “This report marks a milestone in our efforts to provide enhanced transparency about the ways we integrate sustainability and social responsibility into what we do. We know this journey requires action and accountability moving forward. We are proceeding with a growth mindset, building on a foundation of operational excellence, all of which is made possible through our One Myers culture and mindset.”

Myers worked diligently over the past year to complete an extensive materiality assessment to develop goals that align both with globally recognized reporting frameworks and its “One Myers” culture. In preparing this report, the Company used ESG frameworks such as the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI), to identify material topics most pertinent to the Company and its stakeholders. Myers is committed to continuous improvement in its efforts to define and measure progress against its long term ESG goals.

The ESG report is available on the “About Us” section of Myers’ website and can be accessed by clicking the following link: https://www.myersindustries.com/esg-report/.

About Myers Industries

Myers Industries, Inc. is a manufacturer of sustainable polymer and metal products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the United States. Visit www.myersindustries.com to learn more.

Caution on Forward-Looking Statements

Statements in this release contain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These “forward-looking” statements include, but are not limited to, statements related to ESG metrics, methodologies, plans, goals, initiatives, policies, practices, programs, procedures, systems, and operational strategies discussed or referenced in this report. Any statement that is not of historical fact may be deemed “forward-looking.” Words such as “will,” “expect,” “believe,” “project,” “plan,” “aspire,” “anticipate,” “intend,” “objective,” “outlook,” “target,” “potential,” “goal,” “view” and similar expressions identify forward-looking statements. These statements are based on management's current views, beliefs, expectations and assumptions of future events, conditions and financial performance and involve a number of risks and uncertainties, many outside of the Company's control that could cause actual results or events to materially differ from those expressed or implied in such statements or from historical results. The Company is not able to predict all of the risks, uncertainties and other factors that may affect future results. Some of the factors that could cause actual results or events to differ materially from the Company’s expectations, or cautionary statements, are detailed in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 and subsequent Quarterly Reports on Form 10-Q. Such reports are available on the Securities and Exchange Commission's public reference facilities and its website at www.sec.gov and on the Company's Investor Relations section of its website at www.myersindustries.com. The Company undertakes no obligation to publicly update or revise any forward-looking statements contained herein whether as a result of new information, future events or otherwise, except to the extent required by law. These statements speak only as of the date made.

M-INV

View source version on businesswire.com: https://www.businesswire.com/news/home/20220720005141/en/

Monica Vinay

Interim CFO and Vice President, Investor Relations & Treasurer

(330) 761-6212

Source: Myers Industries, Inc.

FAQ

What is the significance of Myers Industries' 2021 ESG Report?

The 2021 ESG Report highlights Myers Industries' commitment to sustainable business practices and transparency regarding their ESG strategy.

How does Myers Industries plan to measure its ESG progress?

Myers Industries plans to measure ESG progress through continuous improvement and alignment with recognized frameworks like SASB and GRI.

Where can I find the 2021 ESG Report for Myers Industries?

The 2021 ESG Report can be accessed on the 'About Us' section of Myers Industries' website.

What initiatives are included in Myers Industries' ESG Report?

The ESG Report outlines the company's initiatives focusing on sustainability, social responsibility, and operational excellence.

Who is the CEO of Myers Industries?

The CEO of Myers Industries is Mike McGaugh.