KBR Highlights Strong Sustainability Performance in 2023 Sustainability and Corporate Responsibility Report

Rhea-AI Summary

KBR has released its 2023 Sustainability and Corporate Responsibility Report, showcasing significant progress in sustainability across its operations. The report highlights KBR's commitment to delivering sustainability-focused solutions and putting people first.

Key achievements include:

• 37% sustainability-driven revenue in 2023, totaling $2.5 billion
• Industry-leading health and safety milestones, with 93% incident-free days and a global total recordable incident rate of 0.064
• AAA ESG rating from MSCI and a Gold Sustainability Rating from Ecovadis
• Recognition as one of America's Climate Leaders by USA Today
• Certification as a Great Place to Work® in multiple countries
• Enhanced inclusion and diversity efforts through partnerships and the launch of new employee resource groups

KBR President and CEO Stuart Bradie emphasized the company's focus on creating a safer, more secure, and sustainable world while prioritizing ethical practices and employee well-being.

HOUSTON, Oct. 22, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today the release of its 2023 Sustainability and Corporate Responsibility Report, which detailed continued sustainability progress across its operations and through its delivery of sustainability-focused solutions.

"A large part of our culture at KBR is 'walking the talk' and this includes our commitment to sustainability. This report is a testament to the commitment of our people to doing things that matter — delivering solutions that are helping create a safer, more secure and sustainable world — and doing those things ethically," said KBR President and CEO Stuart Bradie. "The report also highlights KBR's focus on putting people first. Whether it's our leading safety performance, our strong community engagement, or our efforts to create environments where our employees can thrive, people are always at the heart of everything we do, including progressing on our sustainability journey."

You can review the KBR 2023 Sustainability and Corporate Responsibility Report here.

Notable achievements in the report include:

• 37% sustainability-driven revenue in 2023 — a total of $2.5 billion
  
  
• Industry-leading health and safety milestones, with 93% incident-free days (338) and a global total recordable incident rate of 0.064
  
  
• AAA ESG rating from MSCI, a Gold Sustainability Rating from Ecovadis, and recognition from USA Today as one of America's Climate Leaders
  
  
• Certification as a Great Place to Work^® in countries around the world based on employee feedback from the KBR People Perspectives Survey
  
  
• Recognition as one of the U.K.'s Best Workplaces for Women by Great Place to Work
  
  
• Recognition as one of the World's Most Admired Companies by Forbes
  
  
• Enhanced inclusion and diversity efforts through continued partnerships with groups such as AMIE (Advancing Minorities' Interest in Engineering), Disability:IN, the leading nonprofit resource for business disability inclusion, and Catalyst Inc., which helps companies strengthen their cultures of belonging and growth for women.
  
  
• Further diversification of employee resource groups (ERG) with the launch of ADAPT, an ERG that promotes awareness of and combats common stigmas associated with individuals with disabilities.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 80 countries and operations in over 30 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com

Forward Looking Statements

The statements in this press release, the KBR 2023 sustainability and corporate responsibility report, and its supplements that are not historical statements, including statements regarding future performance, strategies, targets, ambitions, goals and demand for our technologies and services, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company's control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

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SOURCE KBR, Inc.

FAQ

What percentage of KBR's revenue was sustainability-driven in 2023?

According to the 2023 Sustainability and Corporate Responsibility Report, 37% of KBR's revenue, totaling $2.5 billion, was sustainability-driven in 2023.

How many incident-free days did KBR achieve in 2023?

KBR achieved 338 incident-free days in 2023, which represents 93% of the year.

What ESG rating did KBR receive from MSCI in 2023?

KBR received an AAA ESG rating from MSCI in 2023, as reported in their Sustainability and Corporate Responsibility Report.

What new employee resource group did KBR launch in 2023?

KBR launched ADAPT, an employee resource group that promotes awareness of and combats common stigmas associated with individuals with disabilities.

How was KBR recognized by Forbes in 2023?

KBR was recognized as one of the World's Most Admired Companies by Forbes in 2023.