Black Diamond Group Limited Releases 2023 Corporate Responsibility Report
CALGARY, Alberta, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Black Diamond Group Limited (“Black Diamond” or the "Company”) (TSX: BDI), a leading provider of space rental and workforce accommodation, today released its 2023 Corporate Responsibility Report. Building off the inaugural report last year, the publication details the Company’s commitment to environmental, social and governance issues and is a key component to how the Company continues To Create a Better Way and deliver value for its shareholders, stakeholders and team members alike.
“As we publish our 2023 Corporate Responsibility Report, during our 20th year in business I am proud of the legacy we have built as a Company,” said Trevor Haynes, Chairman & CEO. “At Black Diamond, we believe strong governance, environmental stewardship and most importantly, a culture of integrity, diversity, and high performance, are foundational building blocks to the growth and continued success of our Company, and it is through this lens that we operate every day.”
Black Diamond’s Environment, Social and Governance (ESG) Program focuses on the key strategies and initiatives designed to support sustainability, and this year’s report highlights our commitment to our team, customers, partners, communities, and stakeholders across the three pillars of our ESG framework.
The report outlines our emissions intensity reduction target of 40% by 2030 and highlights other key initiatives that support our approach to workplace health and safety, being responsible stewards of the environment, fostering meaningful Indigenous relations and investing in the communities where we operate, while ensuring a culture of integrity, inclusion, and diversity.
“Within the report, you’ll see how we as a business – a collective of people working together with positive intent and common goals – approach the responsibility we share,” said Trevor Haynes, Chairman & CEO.
Effectively managing our ESG Program with the same rigour and accountability that we manage all facets of our Black Diamond businesses will ensure we make a meaningful difference, while achieving a competitive advantage and leading to continued growth and profitability.
Black Diamond’s Corporate Responsibility 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 brands, Black Diamond Camps and Black Diamond Energy Services, 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. The LodgeLink proprietary digital platform enables customers to efficiently find, book, and manage their crew travel and accommodation needs through a rapidly growing network of hotel, remote lodge, and travel partners. LodgeLink exists to solve the unique challenges associated with crew travel and applies technology to eliminate inefficiencies at every step of the crew travel process from booking, to management, to payments, to cost reporting.
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, 2022 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.
