Energy and Environmental Services, Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental, Health, and Safety
- Employee Relations
- Diversity, Equity, and Inclusion
Environmental Achievements
- Reduced liquid spills with solid chemical technology
- Improved cost of goods sold from 47.9% to 42.8%
Social Achievements
- Good employee relationships; no collective bargaining contracts
- Commitment to respect for employees and integrity in working relationships, including diversity, equity, and inclusion within the workforce
Governance Achievements
- Established Equity Incentive Plan
Climate Goals & Targets
Environmental Challenges
- Microbial contamination issue shut down organic fertilizer production
- Equipment procurement issues slowed production capacity upgrades
- Competition from companies with substantially greater financial and technical resources
- Increased labor costs and labor shortages
- Dependence on a limited number of suppliers for key materials and equipment
- Increases in the price of primary raw materials
- Extensive health and safety and environmental laws and regulations
- Use of hazardous materials exposes to potential liabilities
- Increasing attention and regulation relating to environmental, social, and governance matters
Mitigation Strategies
- Investigating the cause of contamination and restoring organic fertilizer production
- Gradually upgrading production lines
- Increased sales efforts and took a more competitive pricing approach
- Ongoing cost savings initiatives
- Working to minimize material effects of inflation, labor shortages, and product and equipment procurement
- Adapting manufacturing and distribution processes to environmental control standards
- Devoting significant financial resources to ensure compliance with safety and environmental laws
Supply Chain Management
Climate-Related Risks & Opportunities
Transition Risks
- Potential consumer use of substitutes for fossil-fuel energy commodities
- Legislation, regulations or other regulatory initiatives that impose more stringent oil and gas sector standards
Sustainable Products & Innovation
- Solid chemical technology
- WonderScent odor elimination product