Arq Publishes its Inaugural ESG Overview
22 Maggio 2024 - 2:00PM
Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq"), a producer of
activated carbon and other environmentally efficient carbon
products for use in purification and sustainable materials, today
announced the publication of its inaugural Environmental, Social,
and Governance (ESG) Overview. This initial overview outlines the
Company's initiatives in key areas, including employee well-being,
sustainable products and services, environmental stewardship and
responsible corporate governance. It is anticipated that the
Company's full ESG report will be published in the second half of
2024.
"The publication of our inaugural ESG Overview
represents another milestone in our transition to an environmental
technology company and provides critical disclosures and
information related to areas important to us and our stakeholders,”
said Bob Rasmus, CEO of Arq. "We are proud of the progress we have
made and remain committed to driving shareholder value and positive
change for our employees, customers, communities and the
environment."
The ESG Overview is divided into four main
sections:
Our People: Arq is a safety-oriented company
with an unwavering commitment to the welfare of its employees and
customers. We prioritize the safety and well-being of our workforce
and customers through thorough training and policies. Our employees
are our most valuable asset, and we ensure their satisfaction by
providing competitive compensation, benefits and a healthy
work-life balance. We cultivate a diverse, fair and inclusive team,
while acknowledging its pivotal role in the prosperity of our
employees, business, customers and communities.
Our Products: Arq is committed to developing
sustainable products that enable a safer and cleaner planet. We
maintain the highest standards of product quality and safety by
designing our processes with sustainability as an important
consideration, including our unique use of bituminous coal waste in
our production process. Our state-of-the-art facilities feature
robust testing and automation capabilities that ensure we
consistently uphold our commitment to delivering safe and
high-quality products to our customers.
Our Environmental Impact: The overview
summarizes Arq’s efforts in energy management, greenhouse gas (GHG)
emissions, water management, waste management, and biodiversity
conservation. As an environmental technology company, our
commitment to minimizing our operations' impact on the environment
is a core part of everything we do. We understand the importance of
protecting our planet for future generations and strive to operate
in a sustainable and eco-friendly manner.
Our Governance: Arq is committed to maintaining
a diverse and experienced Board of Directors and upholding the
highest standards of business ethics. We are proud to have a
primarily independent board with strong diversity in background and
experience. Our established Board committees help to ensure
independence and fairness in how we go to market as a business,
operate as a public company and compensate our leadership team.
To download the full ESG Overview, please visit
https://www.arq.com/sustainability/
About Arq
Arq (NASDAQ: ARQ) is a diversified,
environmental technology company with products that enable a
cleaner and safer planet while actively reducing our environmental
impact. As the only vertically integrated producer of activated
carbon products in North America, we deliver a reliable
domestic supply of innovative, hard-to-source, high-demand
products. We apply our extensive expertise to develop
groundbreaking solutions to remove harmful chemicals and pollutants
from water, land and air. Learn more at: www.arq.com.
Caution on Forward-Looking
Statements
This press release contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, which provides a “safe harbor” for such
statements in certain circumstances. When used in this press
release, the words “can,” “will,” "may," “intends,” “expects,”
"continuing," “believes,” similar expressions and any other
statements that are not historical facts are intended to identify
those assertions as forward-looking statements. All statements that
address activities, events or developments that the Company
intends, expects or believes may occur in the future are
forward-looking statements. These forward-looking statements
include, but are not limited to, statements or expectations
regarding: business strategy, expectations about future demand and
pricing for our PAC and GAC products and our ability to enter into
new markets, the ability to successfully integrate legacy Arq's
business and effectively utilize legacy Arq’s products and
technology, the estimated costs and timing associated with
potential capital improvements at our facilities, financing sources
for such projects and potential production outputs thereafter,
expected market supply of GAC products and the cost savings and
environmental benefits of our GAC products, and the timing and
scope of future regulatory developments and the related impact of
such on the demand for our products. These forward-looking
statements involve risks and uncertainties. Actual events or
results could differ materially from those discussed in the
forward-looking statements as a result of various factors
including, but not limited to, the Company’s ability to maintain
relationships with customers, suppliers and others with whom it
does business and meet supply requirements, or its results of
operations and business generally; risks related to diverting
management’s attention from the Company’s ongoing business
operations; changes in construction costs or availability of
construction materials; our inability to effectively manage
construction and startup of the Red River GAC Facility or Corbin
Facility; our inability to ramp up our operations to effectively
address recent and expected growth in our business; the timing and
cost of capital expenditures and the resultant impact to our
liquidity and cash flows; our inability to obtain required
financing or obtain financing on terms that are favorable to us;
the ability to meet Nasdaq’s listing standards following the
consummation of the Transaction; opportunities for additional sales
of our activated carbon products and end-market diversification;
the Company’s ability to meet customer supply requirements; the
rate of coal-fired power generation in the United States; timing
and scope of new and pending regulations and any legal challenges
to or extensions of compliance dates of them; impact of
competition; availability, cost of and demand for alternative
energy sources and other technologies; technical, start up and
operational difficulties; competition within the industries in
which the Company operates; loss of key personnel; ongoing effects
of the inflation and macroeconomic uncertainty, including from the
ongoing pandemic and armed conflicts around the world, and such
uncertainty's effect on market demand and input costs, as well as
other factors relating to our business, as described in our filings
with the SEC, with particular emphasis on the risk factor
disclosures contained in those filings. You are cautioned not to
place undue reliance on the forward-looking statements and to
consult filings we have made and will make with the SEC for
additional discussion concerning risks and uncertainties that may
apply to our business and the ownership of our securities. In
addition to causing our actual results to differ, the factors
listed above may cause our intentions to change from those
statements of intention set forth in this press release. Such
changes in our intentions may also cause our results to differ. We
may change our intentions, at any time and without notice, based
upon changes in such factors, our assumptions, or otherwise. The
forward-looking statements speak only as to the date of this press
release.
Source: Arq, Inc.
Investor Contact:
Anthony Nathan, Arq Marc Silverberg, ICRinvestors@arq.com
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