Company also announces inclusion in Forbes’ 100 Most Trustworthy
Companies in America for 2015
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Aug. 27, 2015--
Compass Minerals (NYSE:CMP) today released its 2014 sustainability
report, Taking Care of the Essentials. This is the first time the
company has published a report using standards established by the Global
Reporting Initiative™ (GRI).
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20150827005927/en/
“The release of this report marks a pivotal step toward embracing a
comprehensive approach to sustainability,” said Fran Malecha, Compass
Minerals president and CEO. “By using the GRI’s G4 Guidelines, we’re
solidifying our commitment to building a more sustainable company for
the future – a company that truly engages its stakeholders – including
employees, customers, communities and shareholders.”
Using 2013 as a baseline, the report focuses on environmental, social
and economic impacts and mitigation efforts associated with the
company’s global footprint. The sustainability report also features
several programs and projects that have been initiated that support key
sustainability pillars. Compass Minerals will work to establish specific
goals and targets that further the journey toward being a more
sustainable, transparent corporate citizen.
Accomplishments highlighted in the 2014 report include:
-
An approximate 8% reduction in total water use and water use intensity
from 2013.
-
Completion of a materiality assessment with stakeholders to identify
the significant economic, environmental and social aspects of the
business. We were then able to prioritize those aspects for review and
potential action in coordination with the company’s business
objectives.
-
Collaboration efforts in Utah with environmental groups such as
FRIENDS of the Great Salt Lake to champion a comprehensive water
policy that supports smart growth.
-
A continued commitment to the health and safety of our workforce,
including strengthening of our Getting to Zero workplace safety
program and new health and wellness initiatives such as participation
in the Global Corporate Challenge.
As further evidence of the company’s success in building a transparent
and accountable culture, the company is also pleased to announce its
inclusion in Forbes list of one of the 100 Most Trustworthy
Companies in America for 2015.
The list was compiled by MSCI ESG Research after screening more than
5,500 publicly-traded North American companies to identify the 100 that
most “consistently demonstrated transparent accounting practices and
solid corporate governance.”
Companies are judged against their Aggressive Accounting and Governance
Risk (AGRs) and scored on a 1 to 100 point scale. Factors considered
include high risk behaviors like regulatory actions, amended filings,
revenue and expense recognition methods and bankruptcy risk. This year,
greater emphasis was placed on issues of corporate governance. Compass
Minerals is listed in the mid cap group and scored an 80 for its current
AGR and an 89 average AGR for the last four quarters.
“Everything we do parallels our Core Values, and fundamental to those
values is our commitment to operating with integrity,” said Malecha.
“Through the publication of the report and recognition by Forbes,
we are able to show our employees, customers, shareholders and
communities in which we operate that we will continue to do business
with transparency. Our values, our corporate sustainability principles
and our strategic vision will guide our path forward.”
View Taking Care of the Essentials at www.compassminerals.com.
About Compass Minerals
Compass
Minerals is a leading provider of essential minerals that solve
nature’s challenges, including salt for winter roadway safety and other
consumer, industrial and agricultural uses, and specialty plant
nutrition minerals that improve the quality and yield of crops. Named
one of Forbes’ 100 Most Trustworthy Companies in America in 2015,
Compass Minerals’ mission is to be the best essential minerals company
by delivering where and when it matters. The company produces its
minerals at locations throughout the U.S. and Canada and in the U.K. For
more information about Compass Minerals and its products, please visit www.compassminerals.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150827005927/en/
Source: Compass Minerals
Compass Minerals
Media Contact:
Tara Hart, +1
913-344-9319
Communications Manager
MediaRelations@compassminerals.com
or
Investor
Contact:
Theresa Womble, +1 913-344-9362
Director of
Investor Relations
InvestorRelations@compassminerals.com