About Phoenix Specialty, Inc.
Environmental, Social and Governance
Environmental
Environmental factors measure a company’s impact on the environment. They are based on the premise that business activities have the potential to create environmental risks for ecosystems, water, air and human health, and Companies should employ measures to mitigate such risks as much as possible. Phoenix’s operations do not consume a significant amount of electricity or water. Nonetheless, we take measures to ensure that we conserve when possible. Additionally, Phoenix’s commitment to environmental responsibility is primarily achieved through developing relationships with partners that have ESG platforms which ensure that their operations do not harm wildlife or the environment.
Social
Phoenix cares about people! This is demonstrated in all of our interactions with our employees, our customers & business partners, our suppliers and our local community. Through socially-focused actions and initiatives, Phoenix attempts to positively impact our employees and the society in which we live and work. Phoenix has a small workforce but supports workplace diversity. Phoenix does not make distinction due to race, age, gender, marital status, religion or ethnicity and expects the same of its customers and suppliers.
Governance
Governance factors focus on corporate policies and the oversight given to the Company. Phoenix maintains a strong governance model, which we believe is necessary to provide comfort to all stakeholders that the Company is being properly supervised and directed. Phoenix’s commitment to a strong governance model is achieved through tight fiscal and operational controls as well as the right “tone at the top”.
The Phoenix Specialty, Inc. Employee Stock Ownership Plan (ESOP) was established on January 1, 2022. What does that mean? Well, simply put, it means that every Phoenix employee owns a piece of the Company! With 100% of our stock owned by the employees, Phoenix has a stable, long-term plan which will allow us to continue to execute on our company values of respect, integrity, safety, enthusiasm, and service spirit. At Phoenix, our employees are invested in the success of the Company — in every way possible!