Climate Change Data

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