- SNC-Lavalin (SNC) released its 2021 sustainability report, titled Our Vision for Engineering a Sustainable Society
- The report measures the company’s progress made against existing ESG targets, as well as detailing the enhanced commitments made in 2021
- It describes how the company is launching new Net Zero-focused services and winning major contracts in support of decarbonization initiatives from public and private clients
- SNC-Lavalin is a fully integrated professional service and project management company
- SNC-Lavalin Group Inc. (SNC) is down 2.13 per cent, trading at C$22.54 per share at 3:21 pm ET
SNC-Lavalin (SNC) released its 2021 sustainability report, titled Our Vision for Engineering a Sustainable Society.
The report measures the company’s progress made against existing ESG targets, as well as detailing the enhanced commitments made in 2021.
Ian L. Edwards, President and Chief Executive Officer of SNC-Lavalin, commented on the report.
“2021 has been another year of progress in Sustainability at SNC-Lavalin. We focused on defining how we want to do business as a company. Through our projects and corporate activities, we’ve fully operationalized our purpose: to engineer a better future for our planet and its people.”
The report details how SNC-Lavalin is advancing its Engineering Net Zero blueprint. It describes how the company is launching new Net Zero-focused services and winning major contracts in support of decarbonization initiatives from public and private clients. These clients are across the company’s core geographies of Canada, the US, the UK and beyond.
Highlights of the 2021 sustainability report:
- Pay for Performance — ESG. The Board has structured executive compensation so that it will now be directly tied to the achievement of ESG targets.
- Net Zero by 2030. The company has set a target of Net Zero carbon emissions by 2030 across corporate activities and released a route map to achieving it.
- Thought Leadership & Climate Advocacy. The company published Engineering Net Zero reports in Canada and Germany, exploring each country’s Net Zero commitments in detail. It offered a blueprint as to how Net Zero policies and ambitions can translate into an actionable energy plan.
- Decarbonomics platform. This proprietary platform leverages carbon databases to deliver cost-effective retrofitting solutions and demonstrates how SNC-Lavalin makes an impact on sustainability outside of the company’s internal ESG targets.
SNC-Lavalin is a fully integrated professional services and project management company. It creates sustainable solutions that connect people, technology and data to design, deliver and operate the most complex projects.
SNC-Lavalin Group Inc. (SNC) is down 2.13 per cent, trading at C$22.54 per share at 3:21 pm ET.