FORT WORTH, Texas, Oct. 25, 2021 /PRNewswire/ -- AZZ Inc. (NYSE:
AZZ), a global provider of metal coating solutions, welding
solutions, specialty electrical equipment and highly engineered
services, announced today the release of its first 2021
Environmental, Social Responsibility and Governance Report ("ESG
Report"). The ESG Report is an overview of our corporate
sustainability initiatives and progress and highlights AZZ's
ongoing commitment to social and corporate responsibility.
Tom Ferguson, Chief Executive
Officer of AZZ, commented, "We are pleased to present our
first annual ESG Report as it evidences our commitment to growing
our business in a sustainable and socially responsible
manner. Releasing our first ESG Report represents our initial
step in our commitment to regularly disclose our ESG
performance. The report was prepared in accordance with the
guidelines of the Global Reporting Initiative ("GRI")
Sustainability Reporting Standards, and the Sustainability
Accounting Standards Board ("SASB") Standards for the Industrial
Machinery and Goods Industry."
Daniel Feehan, Chairman of the
Board of AZZ and Chair of the Nominating and Corporate Governance
Committee, added, "The AZZ Board is committed to overseeing and
disclosing our relevant ESG risks and opportunities, and ensuring
the AZZ team has the appropriate resources to do so. In
fiscal year 2021, we implemented an environmental data management
system to help provide measurable base line data pertaining to
AZZ's usage of energy, water, natural gas, carbon emissions, waste
management and recycling. This information will assist AZZ in
identifying additional opportunities for operational efficiencies,
setting targets, improving on our existing benchmarks and further
integrating sustainability into our business strategy."
Our initial ESG Report highlights many actions taken by AZZ over
the past 18 months, including:
- Enhancing environmental, social and governance policies and
procedures;
- Forming a Sustainability Council, led by the Company's Chief
Legal Officer, with members of the council selected based on their
knowledge of sustainability issues and cross-functional expertise
in AZZ's businesses;
- Disclosing ESG and sustainability principles within a newly
created ESG section located on AZZ's website;
- Amending its Nominating and Corporate Governance Committee
Charter for the committee to provide oversight of the Company's ESG
policies and sustainability practices; and
- Amending AZZ's Code of Conduct and Corporate Governance
Guidelines and adopting a Human Rights Policy, Environmental Health
and Safety Policy, and a Vendor Code of Business Conduct to reflect
AZZ's commitment to sustainability, diversity, equity, and
inclusion.
Mr. Ferguson added, "We are dedicated to advancing environmental
and social responsibility as strategic priorities across our
organization. We believe that investing in our people and the
communities in which we live and work, and operating our business
sustainably, will drive long-term value for AZZ and our
stakeholders."
To access AZZ's 2021 ESG Report, visit our website at
www.azz.com/ESG.
About AZZ Inc.
AZZ Inc. is a global provider of galvanizing and a variety of
metal coating solutions, welding solutions, specialty electrical
equipment and highly engineered services to a broad range of
markets, including but not limited to the power generation,
transmission, distribution, refining and industrial markets. The
Company's Metal Coatings segment is a leading provider of metal
finishing solutions for corrosion protection, including hot dip
galvanizing, spin galvanizing, powder coating, anodizing and
plating, to the North American steel fabrication industry. The
Company's Infrastructure Solutions segment is dedicated to
delivering safe and reliable transmission of power from generation
sources to end customers, and automated weld overlay solutions for
corrosion and erosion mitigation to critical infrastructure in the
energy and waste management markets worldwide.
Safe Harbor Statement
Certain statements herein about our expectations of future
events or results constitute forward-looking statements for
purposes of the safe harbor provisions of The Private Securities
Litigation Reform Act of 1995. You can identify forward-looking
statements by terminology such as "may," "should," "expects,"
"plans," "anticipates," "believes," "estimates," "predicts,"
"potential," "continue," or the negative of these terms or other
comparable terminology. Such forward-looking statements are based
on currently available competitive, financial and economic data and
management's views and assumptions regarding future events. Such
forward-looking statements are inherently uncertain, and investors
must recognize that actual results may differ from those expressed
or implied in the forward-looking statements. Certain factors could
affect the outcome of the matters described herein. This press
release may contain forward-looking statements that involve risks
and uncertainties including, but not limited to, changes in
customer demand for our products and services, including demand by
the power generation markets, electrical transmission and
distribution markets, the industrial markets, and the metal
coatings markets. In addition, within each of the markets we
serve, our customers and our operations could potentially continue
to be adversely impacted by the ongoing COVID-19 pandemic,
including governmental issued mandates regarding the same. We
could also experience additional increases in labor costs,
components and raw materials, including zinc and natural gas which
are used in our hot dip galvanizing process; supply-chain vendor
delays; customer requested delays of our products or services;
delays in additional acquisition or disposition opportunities;
currency exchange rates; availability of experienced management and
employees to implement AZZ's growth strategy; a downturn in market
conditions in any industry relating to the products we inventory or
sell or the services that we provide; economic volatility or
changes in the political stability in the
United States and other foreign markets in which we operate;
acts of war or terrorism inside the
United States or abroad; and other changes in economic and
financial conditions. AZZ has provided additional information
regarding risks associated with the business in AZZ's Annual Report
on Form 10-K for the fiscal year ended February 28, 2021 and other filings with the
Securities and Exchange Commission ("SEC"), available for viewing
on AZZ's website at www.azz.com and on the SEC's website at
www.sec.gov. You are urged to consider these factors
carefully in evaluating the forward-looking statements herein and
are cautioned not to place undue reliance on such forward-looking
statements, which are qualified in their entirety by this
cautionary statement. These statements are based on information as
of the date hereof and AZZ assumes no obligation to update any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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SOURCE AZZ Inc.