Stantec achieves operational carbon neutrality companywide
April 18 2023 - 5:45AM
TSX, NYSE:STN
Stantec, a global leader in sustainable design and engineering,
released its 16th annual Sustainability Report and announced that
it has delivered on its promise to achieve operational carbon
neutrality for 2022, a key step in the phased process to achieve
science-based operational net zero.
Stantec’s Sustainability Report—which is compliant with the
Global Reporting Initiative, Sustainability Accounting Standards
Board, and Task Force on Climate-related Financial Disclosures
requirements—captures annual company environmental, social, and
governance (ESG) performance for the year ending December 31,
2022.
At Stantec, sustainability is a priority and considered in every
aspect of the firm’s operations. Stantec’s 2022 Sustainability
Report celebrates several key sustainability milestones and
corporate achievements:
- 60 percent, or $3.4 billion, of Stantec’s 2022 gross revenue is
aligned with the United Nations Sustainable Development Goals
(SDGs), a substantial increase when compared to Stantec’s 2019
gross revenue aligned to SDGs of 43 percent, or $2.1
billion. 2019 was the first year Stantec began to track SDG
revenues. The SDGs provide a concise definition of what a
sustainable community looks like—from gender equality and zero
hunger to clean water and clean energy.
- Stantec achieved operational carbon neutrality by
systematically reducing emissions, purchasing renewable energy, and
balancing residual emissions with high-value, certified carbon
credits.
- Stantec formalized its climate change action strategy by
establishing a Climate Solutions Leadership team with leaders from
around the world to focus on addressing climate change throughout
project work and to look for innovation opportunities.
- Stantec was named as an actor partner in the United Nations
Decade on Ecosystem Restoration. Stantec is the first architectural
and engineering firm to be granted this designation by the UN. The
Company has helped restore more than 40,000 acres (16,187 hectares)
of ecosystems in North America and more than 1,000 miles (1,600
kilometers) of rivers and streams around the world.
- Stantec was ranked the seventh most sustainable corporation in
the world and number one in its peer group in the Corporate Knights
Global 100 most sustainable companies rankings, which recognizes
business practices based on ESG indicators.
- Stantec was listed on the Bloomberg Gender-Equality Index for a
fourth consecutive year, with a 19 percent improvement since first
being accepted into the index.
- Stantec was also named a Top 50 STEM Workplace for Indigenous
professionals by the American Indian Science and Engineering
Society and recognized for supporting LGBTQ+ inclusion through high
scores in the Workplace Pride Global Benchmark report (Ambassador
level) and by signing the Declaration of Amsterdam.
“Our continued progress and focus on sustainability is directly
tied to the commitment of Stantec’s employees throughout our
organization,” says Gord Johnston, Stantec president and chief
executive officer. “ESG is considered in every aspect of our
operations, it is key to how we deliver our projects, and is
directly tied to our Strategic Plan. I am very proud that we
achieved important milestones related to climate action and social
justice. Stantec is committed to helping communities around the
world adapt and change for the better.”
Stantec’s annual Sustainability Report highlights key
sustainability projects the Company is leading and how they impact
communities around the world including:
- New Zealand – The New Zealand government set a
renewable electricity generation target of 90% by 2025 and 100% by
2030. The Mount Cass Wind Farm in Waipara will be the largest on
the South Island and produce up to 93 megawatts of energy, enough
to power approximately 40,000 homes and offset around 100,000 tons
of CO2 emissions per year. Stantec was retained for project
planning, engineering services, and construction management review.
This project creates more than 300 acres (121 hectares) of
protected land with native shrubs and forests.
- United Kingdom – Described as one of London’s
most remarkable new buildings, the Person-Environment-Activity
Research Laboratory (PEARL) is the University College London’s
first net zero building, and the first finished building to achieve
an Outstanding rating under BREEAM standards. Stantec provided the
mechanical and electrical engineering necessary to create an
immersive laboratory to monitor what people see, touch, hear,
smell, or feel in real world scenarios.
- Canada – Stantec assessed climate risks to
create bridge infrastructure resilient to climate change. In
support of Federal Bridge Corporation Limited’s (FBCL)
climate-related risk management, Stantec completed site-specific
climate risk assessments and developed risk adaptation measures to
mitigate the identified risks for four international bridges
between Canada and the United States.
- United States – The Alamosa River Restoration
in Colorado tells a story of the success a community can experience
when a diverse array of stakeholders come together for the greater
good of people and the environment. When an upstream gold mine
contaminated into the Alamosa River, it affected residents of one
of the poorest counties in southern Colorado. Stantec partnered
with the Colorado Department of Public Health for the Environment
to restore the channel to pre-mining conditions and benefit the
community most impacted.
- Australia – Stantec completed detailed tsunami
inundation modeling, hazard mapping, and exposure assessments for
New South Wales (NSW) Office of Environment and Heritage, and the
NSW State Emergency Services to help understand the local tsunami
risk profile for 1,300 kilometers of coastline, and to explore
measures they could take to safeguard the surrounding
Sustainability is key to Stantec’s purpose, promise, and values.
The Company has demonstrated efforts to protect, preserve, and
restore the environment; foster social progress and equity; govern
operations honestly, ethically, and transparently; and contribute
to the UN Sustainable Development Goals. More information on
Stantec’s Corporate Sustainability program can be found here.
About Stantec
Communities are fundamental. Whether around the corner or across
the globe, they provide a foundation, a sense of place and of
belonging. That’s why at Stantec, we always design with
community in mind.
We care about the communities we serve—because they’re our
communities too. This allows us to assess what’s needed and connect
our expertise, to appreciate nuances and envision what’s never been
considered, to bring together diverse perspectives so we can
collaborate toward a shared success.
We’re designers, engineers, scientists, and project managers,
innovating together at the intersection of community, creativity,
and client relationships. Balancing these priorities results in
projects that advance the quality of life in communities across the
globe.
Stantec trades on the TSX and the NYSE under the symbol STN.
Visit us at stantec.com or find us on social media.
Cautionary Note Regarding Forward-Looking StatementsThis news
release contains forward-looking statements regarding the
initiatives and projects described above. Forward-looking
statements also include any other statements that do not refer to
historical facts. By their nature, forward-looking statements are
based on assumptions and subject to inherent risks and
uncertainties. There is a risk that the initiatives and projects
described above may be delayed, cancelled, suspended or terminated.
This could cause future results to differ materially from the
forward-looking statements made in this news release. Except as may
be required by law, Stantec undertakes no obligation to publicly
update or revise any forward-looking statements. Forward-looking
statements are provided herein for the purpose of giving
information about the initiatives and projects referred to above
and their expected impact. Readers are cautioned that such
information may not be appropriate for other purposes.
Media Contact |
Investor Contact |
Ashley WarnockStantec Media RelationsPh: (403)
472-0122ashley.warnock@Stantec.com |
Jess NieukerkStantec Investor RelationsPh: (403) 569
5389ir@stantec.com |
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