CALGARY, Alberta, May 31, 2024 (GLOBE NEWSWIRE) -- Black Diamond Group Limited (“Black Diamond” or the "Company”) (TSX: BDI), a leading provider of space rental and temporary lodging and accommodations, today released its 2024 Corporate Responsibility Report (the “Report”) detailing the Company’s commitment to environmental, social and governance issues, while showcasing the positive results and value delivered through the Company’s collective efforts.
“Our 2024 Corporate Responsibility Report is a strong representation of our values-based culture and commitment to Creating a Better Way,” said Trevor Haynes, Chairman & CEO. “We believe that business is a force for good, a catalyst for change, and that we are stewards of the environments, ecosystems, communities and networks we operate within. This is a responsibility to be taken seriously, and it guides who we are as a Company and how we conduct ourselves as a Team.”
The Report showcases the unique approach the Company takes to ensure meaningful progress is made, while achieving a competitive advantage leading to continued growth and profitability. Highlights of Black Diamond’s sustainability performance within include:
- Achievement of Black Diamond’s 2030 40% reduction target in emissions intensity, and commitment to remain on track through improved processes, operations, and efficiencies as business activities increase.
- Continued best-in-class safety performance with a Total Recordable Incident Frequency (TRIF) of 0.22 in 2023, a decrease from 0.51 in 2022.
- Robust and meaningful Indigenous Relations and Engagement, with Total Revenue by Indigenous partnerships of ~$98.6 million in 2023.
- Recognition of Black Diamond’s 2023 Canada-wide United Way Campaign with two nominations – one from the United Way of Calgary Community Impact Awards and the other from the United Way of Alberta Capital Region’s Awards of Distinction.
- The Company’s increasingly diverse, high-performing team with a 94% increase in women in leadership roles since 2020.
“We know integrity and trust is key and that keeping a safety-first mindset is critical in everything we do,” said Haynes. “We believe strong governance, environmental stewardship and a diverse, high-performing team is foundational to our success.”
Black Diamond’s approach to sustainability focuses on key strategies and initiatives and is subject to the same rigour and accountability that apply to all facets of Black Diamond.
The Report is guided by The Sustainability Accounting Standards Board, or SASB, Standards and Black Diamond is most appropriately situated within the Engineering & Construction Services Industry. The Company also reports additional sustainability metrics given our robust and unique approach to social responsibility and community engagement.
To view Black Diamond’s Corporate Responsibility Report, visit this link: https://www.blackdiamondgroup.com/responsibility/
About Black Diamond Group
Black Diamond is a specialty rentals and industrial services Company with two operating business units - Modular Space Solutions (MSS) and Workforce Solutions (WFS). We operate in Canada, the United States, and Australia. MSS through its principal brands, BOXX Modular, Britco, MPA, Schiavi and CL Martin, owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service, and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors. WFS, through its principal brand, Black Diamond Lodging & Accommodations, owns a large rental fleet of modular accommodation assets of all types and sizes. Its regional operating terminals rent, sell, service, and provide ancillary products and services including turn-key operated camps to a wide array of customers in the resource, infrastructure, construction, disaster recovery, and education sectors. The WFS business unit also includes the Company’s wholly owned subsidiary, LodgeLink, which operates a digital marketplace for business-to-business crew accommodation, travel, and logistics in North America.
Learn more at www.blackdiamondgroup.com.
For investor inquiries please contact Jason Zhang at 403-206-4739 or investor@blackdiamondgroup.com.
For media inquiries, please contact Emma Covenden at 403-718-5062 or media@blackdiamondgroup.com.
Cautionary Note Regarding Forward-Looking Statements
Certain information set forth in this news release contains forward-looking statements. Although Black Diamond believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made are reasonable, there can be no assurances that such expectations or assumptions will prove to be correct. Readers are cautioned that assumptions used in the preparation of such statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of Black Diamond. These risks include, but are not limited to: the impact of general economic conditions, industry conditions, fluctuation of commodity prices, the Company's ability to attract new customers, failure of counterparties to perform on contracts, industry competition, availability of qualified personnel and management, timely and cost effective access to sufficient capital from internal and external sources, political conditions, dependence on suppliers and stock market volatility. The risks outlined above should not be construed as exhaustive. Additional information on these and other factors that could affect Black Diamond's operations and financial results are included in Black Diamond's annual information form for the year ended December 31, 2023 and other reports on file with the Canadian Securities Regulatory Authorities which can be accessed on SEDAR. Readers are cautioned not to place undue reliance on these forward-looking statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Black Diamond does not undertake any obligation to update or revise any of the forward-looking statements, except as may be required by applicable securities laws.
