STOCK TITAN

U.S. Silica Announces Release of 2020 Corporate Responsibility Report

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

U.S. Silica Holdings, Inc. (NYSE: SLCA) released its 2020 Corporate Responsibility Report, highlighting sustainability efforts and achievements. Key highlights include integration of products into eco-friendly supply chains, significant reductions in water usage, and a record-low Total Recordable Incident Rate (TRIR) of 0.77. The company also noted the successful COVID-19 mitigation with zero transmission cases at its facilities. U.S. Silica aims to achieve its 'Bold Goals' by 2025, focusing on workforce diversity and environmental quality improvements.

Positive
  • Integration of products into environmentally friendly supply chains.
  • Record-low Total Recordable Incident Rate (TRIR) of 0.77, a 10% improvement year-over-year.
  • Successful COVID-19 mitigation strategy with zero transmission cases at facilities.
Negative
  • None.

KATY, Texas, May 3, 2021 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) today released its Corporate Responsibility Report, summarizing the company's global sustainability activities, performance and results from calendar year 2020. The report provides a look at how U.S. Silica is operating to make positive impacts both in its internal community and on the communities in which it operates, and contributing to sustainable products used around the world.

U.S. Silica views its sustainability efforts through the lens of its core values, respect, safety, integrity and community, and developed 10 'Bold Goals' consistent with those values that the company has set out to achieve by 2025. For 2020, U.S. Silica created 29 goals that were aligned with the 2025 Bold Goals.

2020 key highlights

  • Integration of company products into environmentally friendly supply chains related to solar and wind power, lower auto emissions and green diesel, food safety and lower energy consumption.
  • Major water use reduction at several of our facilities.
  • Women represented 36% of total salaried employees, and 20% of senior management positions.
  • The Company's safest year on record, with a Total Recordable Incident Rate (TRIR) of 0.77, a 10% improvement year-over-year, and a Lost Time Incident Rate (LTIR) of 0.11, a 38% improvement year-over-year.
  • A successful COVID-19 mitigation strategy, that resulted in 0 confirmed cases of transmission at U.S. Silica facilities.
  • Nine national Stone, Sand and Gravel Association Safety Awards.

"I am extremely proud of my colleagues for the way they rose to numerous unexpected challenges during the 2020 pandemic.  They consistently demonstrated the drive, ingenuity and creativity to adapt and overcome while delivering many successes during the year.  As we continue to work toward our 2025 Bold goals, I am happy to summarize our numerous 2020 achievements in this report," said Bryan Shinn, Chief Executive Officer, of U.S. Silica Holdings, Inc. "Looking forward, we have established our 2021 targets and are focused on building a more diverse workforce, protecting air and water quality, and growing our portfolio of products that support environmentally important value chains."

About U.S. Silica 

U.S. Silica Holdings, Inc. is a performance materials company and is a member of the Russell 2000. The Company is a leading producer of commercial silica used in the oil and gas industry, and in a wide range of industrial applications.  Over its 121-year history, U.S. Silica has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 500 diversified products to customers across our end markets.  U.S. Silica's wholly-owned subsidiaries include EP Minerals and SandBox Logistics™.  EP Minerals is an industry leader in the production of products derived from diatomaceous earth, perlite, engineered clays, and non-activated clays.  SandBox Logistics™ is a state-of-the-art leader in proppant storage, handling and well-site delivery, dedicated to making proppant logistics cleaner, safer and more efficient.  The Company currently operates 24 mines and production facilities.  The Company is headquartered in Katy, Texas.

Investor Contact:
Donald A. Merril
EVP and Chief Financial Officer
(301) 682-0302
merril@ussilica.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/us-silica-announces-release-of-2020-corporate-responsibility-report-301281416.html

SOURCE U.S. Silica Holdings, Inc.

FAQ

What are the key highlights from U.S. Silica's 2020 Corporate Responsibility Report?

Key highlights include integration of products into eco-friendly supply chains, a record-low Total Recordable Incident Rate (TRIR) of 0.77, and successful COVID-19 mitigation with zero transmission cases at facilities.

What sustainability goals has U.S. Silica set for 2025?

U.S. Silica has developed 10 'Bold Goals' to achieve by 2025, focusing on workforce diversity, protecting air and water quality, and growing its portfolio of environmentally friendly products.

How did U.S. Silica perform in terms of employee safety in 2020?

U.S. Silica recorded its safest year with a Total Recordable Incident Rate (TRIR) of 0.77, improving by 10% year-over-year.

What percentage of U.S. Silica's employees are women?

Women represented 36% of total salaried employees and 20% of senior management positions at U.S. Silica.

When was the Corporate Responsibility Report released by U.S. Silica?

The Corporate Responsibility Report was released on May 3, 2021.

U.S. SILICA HOLDINGS, INC.

NYSE:SLCA

SLCA Rankings

SLCA Latest News

SLCA Stock Data

1.21B
78.21M
3.5%
94.61%
3.41%
Oil & Gas Equipment & Services
Mining & Quarrying of Nonmetallic Minerals (no Fuels)
Link
United States of America
KATY