SNC-Lavalin signs on to Science Based Targets Initiative

23 March 2022 Consulting.ca 2 min. read
Profile
More news on

Design and engineering consultancy SNC-Lavalin has signed on to the Science Based Targets Initiative (SBTi), strengthening the firm’s commitment to reach net-zero carbon emissions by 2030.

The SBTi commits its more than 2,000 corporate signatories to set, measure, and report science-based reduction targets in line with the Paris Agreement, which aims to limit global warming to 1.5 degrees Celsius.

“Setting, measuring, and disclosing science-based targets are among the most effective ways to reduce greenhouse gas emissions, and future-proof our planet from the most severe impacts of climate change,” said Hentie Dirker, chief ESG and integrity officer, SNC-Lavalin.

The move builds on the Montreal firm’s earlier sustainability commitments, including a pledge to reach net-zero carbon emissions by 2030 as a signatory of the UN Global Compact.

SNC-Lavalin signs on to Science Based Targets Initiative

“Committing to the Science Based Targets Initiative is a continuation of our various initiatives to achieve carbon neutrality,” said Ian Edwards, president and CEO, SNC-Lavalin. “In addition to our own efforts, SNC-Lavalin makes an impact combatting climate change far beyond our own company by assisting clients with a range of net zero solutions, including the energy grid and the decarbonization of infrastructure.’’

The firm’s Engineering Net Zero blueprint aims to steer its project work by having a guiding principle to reduce carbon emissions, manage climate risk, and build climate resilience.

SNC-Lavalin had 31,000 employees as of FY 2021, down from 38,000 in FY 2020 as the company continues its strategic plan to move away from risky, fixed-price construction contracts to higher-margin professional services work. The firm saw revenue growth of 5.2% in 2021 to reach $7.37 billion.

Rival firm Stantec last year committed to a net-zero emissions target and launched a carbon impact advisory team.