Climate Change Data

MYR Group Inc.

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:68,557 tCO2e/year
Scope 1 Emissions:66,378 tCO2e/year
Scope 2 Emissions:2,179 tCO2e/year
Renewable Energy Share:50% (Harlan Electric's Michigan district)
Water Consumption:48,797 ccf/year

ESG Focus Areas

  • Safety
  • Environmental Stewardship
  • Social Responsibility
  • Corporate Governance

Environmental Achievements

  • Expanded environmental focus by providing Scope Two emissions and metrics on other air emissions, water use, and electrical power usage.
  • Harlan Electric's Michigan district facility powered by over 50% Green-e Energy certified clean energy.

Social Achievements

  • Instituted an employee resource group.
  • Increased paid time off for qualifying employees.
  • Created a program rewarding employees for extended service.
  • Added the Thrive Pass program for wellness expenses.

Governance Achievements

  • Board composition provides diversity in ethnicity and gender, knowledge, experience, and perspective.
  • Updated Nominating, Environmental, Social, and Corporate Governance Committee (NESG) charter to include sustainability and climate issues.

Climate Goals & Targets

Medium-term Goals:
  • 15% reduction in Scope 1 carbon-based fuels on an intensity basis by 2031

Environmental Challenges

  • Reducing greenhouse gas emissions.
  • Managing water consumption.
  • Maintaining industry-leading safety performance.
Mitigation Strategies
  • 15% reduction goal in Scope 1 carbon-based fuels on an intensity basis by 2031.
  • Tracking overall water usage.
  • Robust safety training programs, industry involvement, and focus on innovation and improvement.

Supply Chain Management

Responsible Procurement
  • Evaluation of suppliers based on safety, past performance, expertise, health, environmental, and ethical practices.
  • Commitment to supplier diversity.

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather events causing operational disruptions, project delays, and asset damage.
Transition Risks
  • Changes in market demand, regulatory requirements, and insurance coverage.
Opportunities
  • Increased demand for renewable energy projects and services.

Reporting Standards

Frameworks Used: SASB, TCFD

Awards & Recognition

  • Numerous NECA 2022 Safety Awards
  • NECA 2022 Project Excellence Award (The L.E. Myers Co.)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:76,095 tCO2e/year (Scope 1 and 2 combined)
Scope 1 Emissions:74,394 tCO2e/year
Scope 2 Emissions:2,701 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:6,250,021 kWh/year
Water Consumption:40,138 ccf/year
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Safety
  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced water usage to approximately 40,138 centum cubic feet in 2023.
  • Huen Electric's recycling program generated over $70,000 for charities in three years.

Social Achievements

  • Expanded medical benefits to include Thriveworks mental health network.
  • Increased ThrivePass wellness funds to up to $1,200 per year.
  • Over 50,000 workhours of health and safety training provided.
  • More than $2.9 million donated to charities in the last three years.
  • Over 8,100 volunteer hours contributed.

Governance Achievements

  • Shareholders approved phased declassification of the board, with all members standing for annual elections by 2026.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce Scope 1 emissions by 15% on an intensity basis by 2031.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Potential operational disruptions and project inefficiencies due to severe weather events.
  • Damage to assets from severe weather events.
  • Reputational risk related to sustainability efforts.
  • Increased reporting and compliance costs due to new regulations.
Mitigation Strategies
  • Enterprise risk management system (ERM) to identify and assess climate-related risks.
  • Risk Register and Heat Maps to prioritize risk mitigation strategies.
  • Annual risk survey analysis and review of ERM with the Board and management.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Fair consideration of suppliers, including disadvantaged, women, minority, and other certified vendors.

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather events causing operational disruptions, project delays, asset damage.
Transition Risks
  • Changes in market demand, insurance coverage, regulatory requirements.
Opportunities
  • Increased demand for MYR Group's services in climate change mitigation and renewable energy.

Reporting Standards

Frameworks Used: SASB, TCFD, Greenhouse Gas Protocol

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • 13 NECA Safety Awards