Montrose Environmental Group Releases 2024 Sustainability Report Highlighting Climate Commitments, Innovation and Client Impact

Rhea-AI Summary

Montrose Environmental Group (NYSE: MEG) has released its 2024 Sustainability Report, highlighting significant achievements in environmental protection and sustainable development. The company showcased major projects including PFAS removal in North Carolina protecting 70,000 residents, air monitoring at Phillips 66's Denver terminal, and sustainable mining practices in Australia. Key 2024 highlights include validation of science-based net-zero targets aiming for zero emissions by 2040, expansion through six strategic acquisitions, and strengthened R&D with six new patents (total 24) in PFAS destruction, vapor treatment, and waste-to-energy technologies, with 40 more patents pending. Under CEO Vijay Manthripragada's leadership, Montrose continues to combine scientific expertise with technological innovation to address complex environmental challenges while supporting economic development.

Positive

• Validation of science-based net-zero targets by SBTi, demonstrating commitment to emissions reduction by 2040
• Strategic growth through six acquisitions expanding technical capabilities and geographic presence
• Strong innovation pipeline with 6 new patents issued (24 total) and 40 pending patents
• Successful execution of major environmental projects protecting communities and infrastructure

Negative

• None.

LITTLE ROCK, Ark., June 3, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (NYSE: MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us to enhance environmental stewardship while supporting economic development. Today, the company released its 2024 Sustainability Report, showcasing a year of strong environmental performance, client impact and science-driven innovation.

The 2024 report illustrates how Montrose continues to transform complex environmental challenges into real-world results—combining cutting-edge science, regulatory expertise, and field-tested innovation to support communities and clients alike. Whether it's removing PFAS from drinking water, guiding sustainable mining in sensitive ecosystems, or deploying rapid-response air monitoring in high-risk zones, Montrose's work delivers measurable environmental and public health benefits.

The report brings to life stories of impact, including:

• Protecting Clean Water in Pender County, North Carolina – How Montrose's PFAS expertise helped protect 70,000 residents from emerging contaminants.
  
  
• Fenceline Air Monitoring in Denver – Delivering real-time data to ensure community health and compliance at Phillips 66's terminal.
  
  
• Sustainable Mining and Species Protection in Australia – Guiding responsible vanadium development to support global steel production while protecting endangered wildlife.

"Resiliency is not just part of our business—it is our business," said Vijay Manthripragada, President and CEO, Montrose Environmental Group. "Our team's ability to blend science, technology, and purpose continues to set us apart. We're proud of the real-world difference we're making for our clients and communities as we champion both planet and progress."

2024 Highlights:

• Validated science-based net-zero targets: – Montrose established near-term and long-term greenhouse gas (GHG) reduction targets to underpin our commitment to achieving net-zero GHG emissions by 2040. The Science Based Targets initiative (SBTi) validated our targets in early 2025.
  
  
• Record technical depth and client growth – Montrose enhanced technical expertise, added advanced capabilities and expanded geographic reach across North America and Asia-Pacific through six strategic acquisitions.
  
  
• Continued research & development leadership – Issued six new patents, bringing the company's total to 24 patents spanning innovations in PFAS destruction, vapor treatment, and waste-to-energy technologies. Forty additional patents pending.

Read the full 2024 Sustainability Report here.

About Montrose

Montrose is a leading environmental solutions company focused on supporting commercial and government organizations as they deal with the challenges of today and prepare for what's coming tomorrow. With ~3,400 employees across 100+ locations worldwide, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling Montrose to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com. Follow us on LinkedIn.

Forward‐Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate future events or that are not statements of historical matters. Forward-looking statements are based on current information available at the time the statements are made and on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2023, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.

Contacts
Investor Relations
Adrianne Griffin
(949) 988-3383
ir@montrose-env.com

Media Relations
Tammy Hovey
(917) 520-2751
pr@montrose-env.com 

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SOURCE Montrose Environmental Group, Inc.

FAQ

What are the key highlights of Montrose Environmental Group's (MEG) 2024 Sustainability Report?

The key highlights include validated science-based net-zero targets for 2040, six strategic acquisitions expanding their capabilities, six new patents issued (total 24), and 40 pending patents in environmental technologies.

What is Montrose Environmental Group's (MEG) approach to PFAS contamination?

Montrose demonstrated their PFAS expertise by successfully protecting 70,000 residents in Pender County, North Carolina from emerging contaminants in drinking water.

What are Montrose Environmental Group's (MEG) net-zero emission targets?

Montrose has established SBTi-validated near-term and long-term greenhouse gas reduction targets, committing to achieve net-zero GHG emissions by 2040.

How many patents does Montrose Environmental Group (MEG) currently hold?

Montrose holds 24 total patents in PFAS destruction, vapor treatment, and waste-to-energy technologies, with 40 additional patents pending.

What major environmental projects did Montrose Environmental Group (MEG) complete in 2024?

Major projects included PFAS removal in Pender County, North Carolina, fenceline air monitoring at Phillips 66's Denver terminal, and sustainable vanadium mining in Australia.