Business
Target Hospitality Announces ESG Strategy
THE WOODLANDS, Texas, Feb. 13, 2023 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North
About this update from Target Hospitality Corp.
[{"type":"text","content":"THE WOODLANDS, Texas, Feb. 13, 2023 /PRNewswire/ -- Target Hospitality Corp. (\"Target Hospitality\", \"Target\" or the \"Company\") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it has commenced an Environmental, Social and Governance (\"ESG\") strategy development and implementation process.\nTarget is focused on utilizing the strength of its core mission, vision, and values to establish meaningful and measurable goals that align with specific ESG standards. Target's strategy will be to establish a quantifiable framework to benchmark its progress and establish a reporting process with a commitment to setting and achieving goals within its ESG framework. Target believes this approach will create an executable strategy, aligned with Target's long-term growth aspirations, focused on continued value creation for its shareholders. \nTo lead this effort, Target has hired Scott S. Junk as Senior Vice President of ESG, to focus on the Company's ESG development and implementation. Prior to joining Target, Mr. Junk was responsible for positioning, launching, and evolving the ESG initiative for WillScot Mobile Mini. \n\"We are pleased to formalize our ESG initiative and the commitment to establishing a defined and transparent framework. We have taken meaningful steps in conducting a value-added approach capable of supporting Target's growth and evolution. Thoughtful execution should add lasting benefit to Target's employees, customers, and stakeholders,\" stated Brad Archer, President and Chief Executive Officer.\nAbout Target Hospitality\nTarget Hospitality is one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services in the United States. Target builds, owns and operates a customized and growing network of communities for a range of end users through a full suite of value-added solutions including premium food service management, concierge, laundry, logistics, security and recreational facilities services.\nCautionary Statement Regarding Forward Looking Statements\nCertain statements made in this press release (including the financial outlook contained herein) are \"forward looking statements\" within the meaning of the \"safe harbor\" provisions of the Un...