Details Progress Across Key Sustainability
Pillars and Highlights Our Leading Role in Enabling the Energy
Transition
HOUSTON, Sept. 14,
2023 /PRNewswire/ -- Quanta Services, Inc. (NYSE:
PWR) announced today the release of its 2022 Sustainability Report.
This report provides additional information about our
sustainability strategy and how we are measuring the continued
progress we made in 2022. Titled "Building Momentum," the report
discusses Quanta's leading role in enabling the energy transition
and our vision to leave a measurable, sustainable legacy on people
and our planet by focusing on our customers, employees and
communities. Please visit https://sustainability.quantaservices.com
to access the microsite and report.
"Quanta is playing a pivotal role in the energy transition while
continuing to focus on the safety and training of our employees and
conducting our business in a sustainable manner. I'm proud of the
progress of our sustainability program over the past several years,
including our ability to measure and improve on a variety key
sustainability metrics included in our 2022 sustainability report,"
said Duke Austin, Quanta's President
and Chief Executive Officer. "With the ability to provide a wide
portfolio of critical infrastructure solutions, we believe Quanta
is uniquely positioned to capitalize on megatrends and
opportunities associated with the energy transition and the
technologies of tomorrow. Our focus on people remains the heart of
our growth strategy and is a significant factor in our success. We
believe as we continue to grow our safety, training and recruitment
programs to meet the needs of our customers, we also continue to
increase our positive impact on society."
Quanta's 2022 Sustainability Report is guided by several
reporting frameworks, including the Global Reporting Initiative
(GRI), Task Force on Climate-related Financial Disclosures (TCFD),
Sustainability Accounting Standards Board (SASB) and the UN
Sustainable Development Goals (SDGs). Additionally, the report
discusses the Company's progress across four categories and
includes the highlights below:
Impact
- We continued to create a positive impact on society and further
the energy transition by constructing 4.9 GW of utility-scale wind,
solar and battery projects in 2022.
Environmental
- We reduced the greenhouse gas (GHG) emissions intensity
measured from our vehicle fleet and expanded our environmental
impact disclosure by publishing new metrics for certain Scope 3
emissions, biodiversity and waste.
Social
- We increased the number of students trained (campus and mobile
training programs) at Northwest Lineman College (NLC)
year-over-year (YOY) by 17% and reduced "Stuff That Kills You"
(STKY) actual rate YOY by 16%.
Governance
- We established Environmental and Social steering committees
designed to enhance existing governance and oversight of our
sustainability efforts.
Quanta's 2022 Sustainability Report and Sustainability Data
Metrics detailing our four-year performance trends are available
for download on Quanta's website.
About Quanta Services
Quanta Services is a leading specialized contracting services
company, delivering comprehensive infrastructure solutions for the
utility, renewable energy, communications, pipeline and energy
industries. Quanta's comprehensive services include designing,
installing, repairing and maintaining energy and communications
infrastructure. With operations throughout the United States, Canada, Australia and select other international
markets, Quanta has the manpower, resources and expertise to safely
complete projects that are local, regional, national or
international in scope. For more information, visit
www.quantaservices.com.
Cautionary Statement About Forward-Looking Statements and
Information
This press release (and any oral statements
regarding the subject matter of this press release) contains
forward-looking statements intended to qualify for the "safe
harbor" from liability established by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements
include, but are not limited to, statements relating to
expectations regarding opportunities, technological developments,
competitive positioning, future economic and regulatory conditions
and other trends in particular markets or industries, including
with respect to Quanta's increased operations in the renewable
energy market and the transition to a reduced-carbon economy;
expectations regarding Quanta's plans, strategies and opportunities
and the ability to execute such plans and strategies and capitalize
on such opportunities; the business plans or financial condition of
our customers, including with respect to transition to a
reduced-carbon economy; the development of and opportunities with
respect to future projects, including renewable energy projects and
other projects designed to support transition to a reduced-carbon
economy, electrical grid modernization, upgrade and hardening
projects, and larger transmission and pipeline projects; as
well as statements reflecting expectations, intentions, assumptions
or beliefs about future events and other statements that do not
relate strictly to historical or current facts. These
forward-looking statements are not guarantees of future
performance; rather they involve or rely on a number of risks,
uncertainties, and assumptions that are difficult to predict or are
beyond our control, and reflect management's beliefs and
assumptions based on information available at the time the
statements are made. We caution you that actual outcomes and
results may differ materially from what is expressed, implied, or
forecasted by our forward-looking statements and that any or all of
our forward-looking statements may turn out to be inaccurate or
incorrect. Forward-looking statements can be affected by inaccurate
assumptions and by known or unknown risks and uncertainties
including, among others, market, industry, economic, financial or
political conditions that are outside of the control of Quanta;
trends and growth opportunities in relevant markets, including our
ability to obtain future project awards; technological advancements
and market developments that could reduce demand for our services;
Quanta's ability to generate internal growth; competition in
Quanta's business, including the ability to effectively compete for
new projects and market share; the failure of existing or potential
legislative actions and initiatives to result in demand for
Quanta's services; ; and other risks and uncertainties
detailed in Quanta's Annual Report on Form 10-K for the year ended
Dec. 31, 2022, Quanta's Quarterly
Reports on Form 10-Q for the quarters ended Mar. 31, 2023 and June 30,
2023, and any other documents that Quanta files with the
Securities and Exchange Commission (SEC). For a discussion of these
risks, uncertainties and assumptions, investors are urged to refer
to Quanta's documents filed with the SEC that are available through
the company's website at www.quantaservices.com or
through the SEC's Electronic Data Gathering and Analysis
Retrieval System (EDGAR) at www.sec.gov. Should one or more of
these risks materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those expressed
or implied in any forward-looking statements. Investors are
cautioned not to place undue reliance on these forward-looking
statements, which are current only as of this date. Quanta does not
undertake and expressly disclaims any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Quanta further expressly
disclaims any written or oral statements made by any third party
regarding the subject matter of this press release.
Investors - Kip Rupp,
CFA, IRC
|
Media – Liz
James
|
Quanta Services,
Inc.
|
FGS
Global
|
(713)
341-7260
|
(281)
881-5170
|
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SOURCE Quanta Services, Inc.