Methanex Releases 2022 Sustainability Report
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VANCOUVER, British Columbia, March 10, 2023 (GLOBE NEWSWIRE) — Methanex Company (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and provider of methanol, launched its 2022 Sustainability Report at this time to share its progress on materials environmental, social and governance (ESG) matters which might be essential to the corporate’s enterprise and stakeholders.
“Our sustainability tradition continues to evolve past targets and initiatives to incorporate the embedding of sustainability rules in our enterprise technique,” mentioned Wealthy Sumner, President and CEO of Methanex. “The 2022 report highlights our efficiency and initiatives throughout a variety of ESG areas, together with our security efficiency and the actions we’re taking to assist the transition to a low-carbon economic system.”
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Highlights from Methanex’s 2022 Sustainability Report embody:
- Sustaining wonderful security efficiency on all main initiatives. The variety of hazard identifications has tripled since 2020, due to our engaged workforce and powerful security tradition.
- Figuring out alternatives to extend plant effectivity whereas decreasing carbon emissions, in assist of our dedication to cut back Scope 1 and a pair of GHG emissions depth by 10% by 2030 (from 2019 ranges). Methanex will make investments $15 million in these initiatives over the following two years, serving to us keep away from an estimated 100,000 tonnes of CO₂ per yr.
- Reaching 75% completion on the Geismar 3 (G3) plant in 2022. G3 will considerably decrease the typical Greenhouse Fuel (GHG) depth of the asset portfolio, with start-up anticipated within the fourth quarter of 2023.
- Being acknowledged for our progress on our ESG initiatives and disclosures resulting in improved rankings from EcoVadis and MSCI. Our EcoVadis sustainability score improved from a Silver to Gold Medal. This score locations Methanex within the prime 5 per cent of all firms assessed. Our MSCII score improved from BBB to AA.
- Creating a brand new position on the Govt Management Workforce, Senior Vice President, Low Carbon Options, who will probably be centered on collaborating with clients and different stakeholders to ship low-carbon options from current belongings and future progress initiatives.
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This yr’s report additionally represents one other essential step ahead to boost Methanex’s ESG progress because the Firm has aligned with the United Nations Sustainable Growth Targets.
To learn Methanex’s full 2022 Sustainability Report please click on right here.
About Methanex Company
Methanex Company is the world’s largest producer and provider of methanol to main worldwide markets in Asia Pacific, North America, Europe, and South America. The corporate’s methanol manufacturing websites are positioned in New Zealand, america, Trinidad, Chile, Egypt, and Canada. Methanex is headquartered in Vancouver, Canada, and the corporate’s widespread shares commerce on the Toronto Inventory Trade beneath the image MX and on the NASDAQ World Choose Market beneath the image MEOH. For extra data, please go to www.methanex.com.
For additional data, contact:
Media Inquiries
Nina Ng, Supervisor, World Communications
+1-604-661-2600 or Toll Free: +1-800-661-8851
Investor Inquiries
Sarah Herriott
Director, Investor Relations
+1-604-661-2600 or Toll Free: +1-800-661-8851
