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Subject: Environmental, Social, and Governance Criteria

Mattr Releases 2022 Environmental, Social, and Governance Report

TORONTO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech ("Mattr" or the "Company") (TSX: MATR) announced today the publication of its 2022 Environmental, Social and Governance ("ESG") report. The report can be found on the Company's website at https://www.mattr.com/esg/.

Mattr released its long-term ESG oriented ambitions in 2020, which included:

"I am proud of our continued progress towards our 2030 ambitions, including the early achievement of our ambition related to diversity within our senior management team, which had increased by 23 percentage points versus our 2019 baseline at the end of 2022," said Mike Reeves, President and CEO of Mattr. "We also continue to make meaningful progress on reducing our Scope 1 and 2 greenhouse gas (GHG) emissions, which were 39% below our 2019 baseline in 2022, while intensely focusing on improving our safety performance across the organization."

For its 2022 ESG report, the Company utilized the Sustainable Accounting Standards Board (SASB) framework, while referencing the Global Reporting Initiative (GRI) framework and United Nations Sustainable Development Goals (UN SDGs). The Company remains committed to enhancing ESG disclosures over time, focused on those factors which are most material to the organization, its stakeholders and the communities within which it works.

About Mattr
Mattr is a growth-oriented, global materials technology company broadly serving critical infrastructure markets, including electrification, transportation, communication, water management and energy. Its two business segments, Composite Technologies and Connection Technologies, operate a global network of manufacturing and technology centers, delivering differentiated, high-value products which enable responsible renewal and enhancement of critical infrastructure while lowering risk and environmental impact.

For further information, please contact:

Meghan MacEachern
Director, External Communications & ESG
Telephone: 437.341.1848
Email: [email protected]
Website: www.mattr.com

Forward Looking Information

This news release contains forward-looking information within the meaning of applicable securities laws. Words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "predict", "estimate" or similar terminology are used to identify forward-looking information. This forward-looking information is based on assumptions, estimates and analysis made in the light of the Company's experience and its perception of trends, current conditions and expected developments, as well as other factors that are believed by the Company to be reasonable and relevant in the circumstances. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from those predicted, expressed or implied by the forward-looking information. The forward-looking information is provided as of the date of this news release and the Company does not assume any obligation to update or revise the forward-looking information to reflect new events or circumstances, except as required by law.

Source: Shawcor Ltd., dba Mattr Infratech

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