Perimeter Solutions advances ESG efforts with latest report

Perimeter Solutions unveils 2023 ESG achievements

Perimeter Solutions, recognized globally for its premium firefighting products and lubricant additives, has announced the publication of its second annual Environmental, Social, and Governance (ESG) Report.

This year’s edition marks a significant milestone as it represents the company’s first alignment with the Task Force on Climate-related Financial Disclosures (TCFD) Framework.

The comprehensive report illuminates Perimeter Solutions’ ongoing dedication to transparency, efforts to reduce emissions, and its dynamic strategy to enhance and openly share its sustainability initiatives.

The report is accessible for review at the company’s website.

Covering a wide array of topics, the report delineates Perimeter Solutions’ three strategic priorities: environmental responsibility, social impact, and governance culture.

Notably, this year’s report introduces the company’s Scope 1 and Scope 2 greenhouse gas emissions, meticulously calculated following the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard.

This data will serve as a foundational benchmark for future emission evaluations and will inform the company’s strategy for emission reductions.

Leadership’s commitment to ESG principles

Don Mackay, Global EH&S Director at Perimeter Solutions, emphasized the integral role of ESG principles in the company’s mission: “The tenets of ESG have always been central to our mission of Solutions That Save.

“As we progress into 2024, we are keen to maintain our momentum,” he stated.

Mackay highlighted several focus areas for the coming year, including carbon emission reduction, supply chain engagement, and the enhancement of their leading health & safety program.

“Our senior management team has devoted the past three years to refining our ESG strategy, aligning with our company’s broader transformation.

“This enhanced ESG Report is a testament to our commitment to sustainability performance accountability,” Mackay added.

Report highlights and future directions

The 2023 ESG Report by Perimeter Solutions showcases significant achievements and initiatives, such as:

• The advancement of its cybersecurity and data protection program, with investments in monitoring capabilities, threat prevention, and employee training.
• The promotion of a global inclusive workforce by enhancing work-life balance resources and initiating comprehensive diversity programs.
• The support of community engagement and volunteerism through continuous philanthropic efforts.
• The development of governance through policies and best practices reflecting the company’s dedication to sustainable operations.
• The establishment of a corporate culture that prioritizes health and safety.
• The increased alignment with the Sustainability Accounting Standards Board (SASB) framework.
• A detailed outline of climate risk mitigation strategies in the company’s inaugural Task Force on Climate-related Financial Disclosures (TCFD) report.

FSJA Comment

Perimeter Solutions’ latest ESG Report underlines the company’s proactive approach to integrating environmental, social, and governance factors into its core operations.

By aligning with the TCFD framework and detailing its strategic priorities, the company not only reaffirms its commitment to sustainability but also sets a clear benchmark for transparency and accountability in its industry.

As businesses increasingly recognize the importance of ESG criteria in shaping sustainable futures, Perimeter Solutions’ efforts exemplify how corporations can lead by example.

This report serves as a critical resource for stakeholders to understand the company’s progress and future ambitions in addressing global challenges.