MISTRAS Group, Inc.
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental protection
- Sustainability
- Safety
- Ethical sourcing
- Community well-being
Environmental Achievements
- Nine EN ISO 14001 accreditations across facilities
- Implementation of recycling programs for paper, plastic, aluminum, and glass
- Use of LED lighting, occupancy sensors, and efficient paper consumption measures in offices
- Chemical management and hazardous materials compliance
- Spill prevention, control, and countermeasure plans
- Storm water pollution prevention plans
- Programs to salvage and reuse excess materials on projects
Social Achievements
- Commitment to community well-being through supporting local charities and sponsoring local events
- Ethical sourcing practices, including supplier code of conduct and audits
- Employee training programs on environmental matters
Governance Achievements
- Oversight of climate-related risk and opportunities by the Board of Directors through the Environmental, Social and Safety (ESS) Committee
- Oversight of the environmental policy and program by the Vice President of Compliance
- Regular review of environmental performance against established goals
Climate Goals & Targets
Environmental Challenges
- Minimizing environmental impact of business activities
- Managing hazardous materials
- Reducing waste generation
- Efficient use of water and energy
- Reducing fossil fuel consumption
Mitigation Strategies
- Continuous improvement initiatives (transport, recycling, waste minimization, efficient water and energy use, biodegradable chemicals, sustainable forestry practices, phasing out ozone-depleting substances)
- Compliance with hazardous materials laws and regulations
- Spill prevention and control measures
- Storm water pollution prevention plans
- Reducing fossil fuel use through vehicle monitoring, journey management, and renewable energy sourcing
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- Minimum environmental criteria for supplier approval
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: EN ISO 14001
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Governance
- Environment
- Social
Environmental Achievements
- Reduced TRIR (Total Recordable Incident Rate) to 0.15 in 2021 (excluding COVID-19 cases), a reduction from 0.19 and 0.18 in 2020 and 2019 respectively.
- Zero recordable injuries in 2,572,408 labor hours in the U.S. Gulf Coast region and over 1,085,916 labor hours in the Canadian region in 2021.
Social Achievements
- Over 4,000 Peer Observation Performance Program (POPP) observations in 2021 to drive better field engagement and safety behaviors.
- Investment of over $5.5 million in employee education in 2022.
- Established various programs to promote lifelong learning and development opportunities for employees, including a web-based training center with over 500 web-based classes.
- Commitment to providing a living wage to all employees.
Governance Achievements
- Established an Environmental, Social and Safety Committee (ESS Committee) to provide guidance and oversight related to ESG.
- 75% of directors are independent, with a goal to have diversity on the board.
Climate Goals & Targets
Environmental Challenges
- Turnover continues to be a concern in a post-pandemic climate.
- Potential for escalation of climate change events such as flooding, higher snowfall, and daily temperature excesses that may disrupt project execution and/or supply chains.
- Operational impacts to our customers caused by long-term environmental impacts.
- Epistemic nature of climate change from future regulations changes.
- Limitations on technological innovations in emission reduction.
- Potential for decreased market demand due to acute and chronic environmental factors.
- Epistemic geo-political factors and regulatory uncertainty.
Mitigation Strategies
- Phased approach to replacing aged vehicles with a cleaner carbon emission fleet.
- Replacement of harmful chemicals used in operations for cleaner, environmentally-sourced products.
- Business case development for reduction in light pollution.
- Business Case study for substitution of fossil fuel power generation systems with renewably sourced power.
- Business Case study for transition of MISTRAS’ real estate facilities energy and utility providers to renewable energy sourced utility providers.
- Extensive global knowledge and workplace experience of working extreme weather conditions are utilized for risk mitigation during planning phases for individual projects.
- Rolling 5-year Business Continuity planning against changing environmental aspects and impacts.
- Cognizance of federal, provincial, and international climate policy changes.
- Maintenance of the Business Continuity Plan that includes monitoring of evolving technologies.
- Engagement with related industry bodies and other events.
- Transparent publication of MISTRAS ESG reports.
- Strategic evolution of new technologies that are cost effective and customer driven.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Flooding
- Higher snowfall
- Excessive temperatures
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Resource efficiency
- Energy source transition
- New products/services
- New markets
- Resilience
Sustainable Products & Innovation
- Acoustic Emission (AE) monitoring systems