Enviri Derives 100% of Revenue from Environmental Solutions

New ESG Report

• Company divisions recycled or reused more than 35 billion pounds of waste
• 90% of waste was recycled/reused by Clean Earth division
• 87% of slag waste was recycled/reused by Harsco Environmental division
• Annual incentive compensation for leaders tied to ESG performance
• Operations are safer, with 20% total recordable incident rate improvement from prior year

PHILADELPHIA, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI), a global market-leading provider of environmental solutions for industrial and specialty waste streams, derived 100 percent of its annual revenue last year from its environmental solutions divisions, a 38 percent increase from three years ago, according to its 2022 Environmental, Social & Governance (ESG) Report, which was released today.

“As the leader in recycling, repurposing, and reusing slag from global steel production, and in hazardous and non-hazardous waste management in the United States, we have a great responsibility to manage waste in the most sustainable ways possible, and we are doing just that,” said Nick Grasberger, Chairman & CEO of Enviri Corporation. “While we have made great progress on ESG, there is always room to continue improving. I am very proud of our commitment to making progress on our ESG goals while building a better future for our people and planet.”

Under Grasberger’s leadership, the company tied senior executive compensation to ESG results. In 2021, and continued in 2022, an ESG modifier for the Executive Leadership Team and selected additional employees who participate in the Company’s annual incentive plan a portion was implemented, modifying these individuals’ annual variable compensation by +/- 20% across several ESG dimensions. The Company’s fourth ESG report charts the goals and progress of its comprehensive sustainability strategy, and outlines Enviri’s efforts to responsibly solve the world’s most difficult global environmental challenges.

Enviri was called the Harsco Corporation until June of this year when it changed its name to better reflect the Company’s commitment to developing and refining sustainable solutions to help solve complex environmental challenges. Enviri includes two divisions: Clean Earth and Harsco Environmental.

Focus Areas and Goals
As part of its ESG strategy, Enviri has defined four focus areas where it creates value for the business and positive outcomes for stakeholders: