MRC Global Publishes 2022 ESG Report

MRC Global Inc. published its 2022 Environmental, Social Responsibility & Corporate Governance Report on www.mrcglobal.com. The 2022 Report describes MRC Global’s strategic efforts to:

• Participate in the energy transition
• Minimize greenhouse gasses and reduce pollution
• Reduce its carbon footprint
• Maintain a safe workplace
• Develop a diverse workforce and inclusive workplace
• Govern ESG risks and opportunities

“Our employees take pride in working for a company that is committed to operating sustainably, ethically and efficiently to create value for all of our stakeholders,” Rob Saltiel, President & CEO, said. “Our company’s future success depends on the continued progress of these initiatives and their integration with our corporate strategy.”

MRC Global made two organizational changes in 2021 to emphasize the growing importance of ESG initiatives to its shareholders, customers, suppliers and employees. First, MRC Global enhanced its internal ESG Committee with executive-level leaders to further integrate ESG into the company’s business strategy. Second, the company appointed its first Vice President of ESG to lead the global effort, which demonstrates the company’s commitment to ESG.

Other highlights include:

• Aligning ESG goals with selected United Nations Sustainable Development Goals for the first time
• Increasing the use of renewable electricity in operations to 44% (up from 21% in 2020)
• Reducing carbon emissions emitted by the company’s global fleet of vehicles by 10%
• Creating the new Downstream, Industrial and Energy Transition business sector to track revenue generated from alternative and renewable energy projects
• Maintaining safety performance that exceeds industry peer averages
• Increasing the number of women in director and above positions globally to 24% (up from 19% in 2020) and
• Increasing total recycling tonnage in the U.S. by 56% since 2017.

MRC is a leading global distributor of pipe, valves and fittings (PVF) and other infrastructure products and services to diversified energy, industrial and gas utility end-market.