Perimeter Solutions Releases 2022 Sustainability Accounting Standards Board Standard Factsheet
New report provides insight into Perimeter Solutions’ sustainability strategy and ESG performance
Perimeter Solutions (NYSE: PRM), a leading global manufacturer of high-quality firefighting products and lubricant additives, today announced that it has issued its inaugural Sustainability Accounting Standards Board (SASB) Standard Factsheet. The newly announced report provides insight into Perimeter Solutions’ multi-faceted approach to enhance, advance and regularly communicate its sustainability strategy and environmental, social and governance (ESG) performance. It is available to view online.
“Perimeter Solutions is an innovative and evolving organization. In order to remain successful, we realize the importance of embedding strong sustainability priorities within our business operations,” says Edward Goldberg, CEO of Perimeter Solutions. “Over the past two years, our senior management team has worked to enhance our ESG strategy to align with the broader transformation of our company. Publishing this Factsheet demonstrates our commitment to transparency and accountability in our environmental, social and governance performance.”
Highlighted in the report are the three key tenets of Perimeter Solutions’ ESG strategy, which guide the company's sustainability efforts:
- Environmental: Perimeter Solutions’ focus on environmental stewardship is integral to the work it does every day. Wildfire control products developed by Perimeter Solutions save tens of thousands of hectares of forest every year, helping these forests to continue to sequester carbon and reduce the amount of greenhouse gases released into the atmosphere. Perimeter Solutions fire safety products also require dramatically less water to be effective, reducing the amount of water customers use while protecting a valuable natural resource. Internally, Perimeter Solutions has taken steps to increase recycling, made capital investments to reduce the amount of energy used in its manufacturing process, and increased the use of e-records to reduce the Company’s carbon footprint.
- Social Impact: Perimeter Solutions is committed to providing equal employment opportunities. All recruiting, payment, performance, and promotion decisions are based on merit, without discrimination on the basis of gender, sexual orientation, age, family status, ethnic origin, nationality, disability, or religious belief. Women represent approximately 19% of Perimeter Solutions’ total workforce. Members with diverse backgrounds comprise 33% of the Company’s Board. At the community level, Perimeter Solutions devoted 500,000 hours of dedicated service to forest fire remediation. The Company’s focused on contributing to the creation of a better world through its strategic nonprofit partnerships, volunteerism, and philanthropy.
- Corporate Governance: Perimeter Solutions emphasizes a culture of accountability and conducts its business in a manner that is fair, ethical, and responsible to earn the trust of its stakeholders. Perimeter Solutions has corporate governance policies and structures in place to support its culture of accountability and transparency. The Company continues to focus on diversity and independence at the Board level and its current Board includes a majority of independent directors.
ABOUT PERIMETER SOLUTIONS
Headquartered in St. Louis, Missouri, Perimeter Solutions (NYSE: PRM) is a premier global solutions provider, producing high-quality firefighting products and lubricant additives. The company develops products that impact critically important issues of life – issues where there often is no room for error and the job doesn’t offer second chances. At Perimeter, we characterize the solutions we develop as ‘Trusted Solutions that Save’ – because it underscores what we are trying to accomplish for our customers and the world at large. Perimeter Solutions produces major brands known throughout the world like PHOS-CHEK® and FIRE-TROL® retardant, foam concentrates and gel products; AUXQUIMIA® and SOLBERG® firefighting foam concentrates; and BIOGEMA® extinguishing agents and retardants. For more info on how we use our experience, responsibility, and integrity to deliver trusted solutions that help improve firefighting performance, visit: www.perimeter-solutions.com.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “anticipates,” “believes,” “could,” “plans,” “goals,” “focus,” “seek,” ”may,” “will,” “should,” and other similar words. All statements addressing operating performance, events, or developments that Perimeter Solutions expects or anticipates will occur in the future, including but not limited to implementing and achieving its environmental, social and governance strategies, initiatives and objectives, are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Perimeter Solutions’ most recent Annual Report filed with the Securities and Exchange Commission, included under the heading entitled “Risk Factors.”
Should one or more of these risks or uncertainties materialize or should any of Perimeter Solutions’ underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Perimeter Solutions’ forward-looking statements. Except as required by law, Perimeter Solutions disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
Released January 31, 2023