- Stantec (STN) has made a pledge to reach carbon neutrality by 2022 in order to achieve net-zero operations by 2030 across its entire global footprint
- The global design firm has committed to set science-based emissions reduction targets
- Stantec has also committed to a long-term target to reach net-zero emissions by no later than 2030
- Carbon neutrality is recognized as an interim step towards the net-zero goal
- Stantec is down 0.92 per cent to C$48.68 per share
Stantec (STN) has made a pledge to reach carbon neutrality by 2022 in order to achieve net-zero operations by 2030.
The global design firm has committed to set science-based emissions reduction targets, for all three scopes, in line with 1.5°C emissions scenarios.
Furthermore, Stantec has committed to a long-term target to reach net-zero emissions by no later than 2030 – in line with the criteria and recommendations of the Science Based Targets initiative.
Stantec President and CEO, Gord Johnston said the company is making this commitment in order to do its part in protecting communities from the worst impacts of climate change.
“Our team members apply sustainable best practices to projects around the world daily. By making this pledge we demonstrate that Stantec applies the same passion to address our own impact.”
Stantec anticipates reaching carbon neutrality – beginning with reported 2022 emissions – by meeting emission-reduction targets and addressing remaining emissions through the purchase of renewable energy certificates (or the country-level equivalent) and certified carbon offsets.
Carbon neutrality is recognized as an interim step towards the net-zero goal. To meet its net-zero commitment, the organization plans to transition offset purchases to options that directly produce renewable energy or reduce carbon.
That transition is anticipated to rely on a combination of traditional and innovative pathways that connect directly to Stantec’s client work and technical expertise.
Stantec is down 0.92 per cent to C$48.68 per share.