AECOM leads industry with Science Based Targets initiative-approved emissions reduction targets
April 07 2020 - 6:55AM
Business Wire
The firm is the first U.S.-based company in the engineering
and construction sector to achieve this distinction
AECOM (NYSE:ACM), the world’s premier infrastructure firm, today
announced that its ambitious emissions reduction targets have been
approved by the globally-recognized Science Based Targets
initiative (SBTi). At the time of approval, AECOM was the first and
only U.S.-based company in the engineering and construction sector
to have set approved targets. Designed to meet the goals of the
Paris Agreement, these targets include a 20 percent reduction in
scope 1 and 2 emissions and a 10 percent reduction in supply chain
emissions by 2025 from the firm’s 2018 baseline.
“During these unprecedented times, business resilience and
continuity are at the forefront of what we do and how we operate so
that we can help deliver a better world,” said Michael S. Burke,
AECOM’s chairman and chief executive officer. “AECOM is fully
committed to mitigating the impact of climate change through our
SBTi-approved greenhouse gas emissions targets as we take
meaningful action to protect tomorrow for the benefit of future
generations, our communities and the planet.”
The targets covering greenhouse gas emissions from AECOM’s
operations (scopes 1 and 2) are consistent with reductions required
to keep the increase in global temperatures well-below 2 degrees
Celsius. AECOM’s target for its supply chain meet the SBTi’s
criteria for ambitious value chain goals, which are in line with
current best practices. In setting science-based targets, AECOM
bases its goals according to what the latest climate science
indicates is needed to prevent the worst impacts of climate change.
For more information about AECOM’s sustainability efforts, visit
www.aecom.com/about-aecom/sustainability/.
In order to achieve these targets, AECOM will work closely with
its most significant suppliers to take the following measures:
- Phasing out inefficient fleet vehicles
- Pursuing vehicle emissions reduction technology options
- Right-sizing our real estate portfolio
- Focusing on office energy efficiency and renewable energy
- Working with our suppliers to identify emissions hotspots and
aim to set science-based targets
“We congratulate AECOM on becoming the first U.S.-based
engineering and construction company to have their emissions
reduction targets validated by the Science Based Targets
initiative,” said Alexander Farsan, global lead for Science Based
Targets at World Wide Fund for Nature, one of the Science Based
Targets initiative partners. “AECOM has cleared a high bar and is
setting an example that their peers should follow.”
The Science Based Targets initiative (SBTi) is a collaboration
between CDP, the United Nations Global Compact, World Resources
Institute and the World Wide Fund for Nature to define and promote
best practice in science-based target setting and independently
assesses companies’ targets.
Amid the ongoing global coronavirus pandemic, AECOM is doing
everything it can to help ensure the safety and well-being of its
employees, maintain operational resilience and provide solutions
that can help clients and communities along the path to recovery.
Learn more about the company's approach to business resilience and
continuity, and its commitment to deliver a better world.
About AECOM
AECOM (NYSE:ACM) is the world’s premier infrastructure firm,
delivering professional services throughout the project lifecycle –
from planning, design and engineering to consulting and
construction management. We partner with our clients in the public
and private sectors to solve their most complex challenges and
build legacies for generations to come. On projects spanning
transportation, buildings, water, governments, energy and the
environment, our teams are driven by a common purpose to deliver a
better world. AECOM is a Fortune 500 firm with revenue of
approximately $20.2 billion during fiscal year 2019. See how we
deliver what others can only imagine at aecom.com and @AECOM.
Forward-Looking Statements: All statements in this press release
other than statements of historical fact are “forward-looking
statements” for purposes of federal and state securities laws,
including our and our suppliers’ ability to take measures to
achieve future emission targets as well as other future business
and economic conditions. Actual results could differ materially
from those projected or assumed in any of our forward-looking
statements. Important risk factors that could cause actual results
to differ materially from our forward-looking statements are set
forth in AECOM’s periodic report on Form 10-Q for the year ended
December 31, 2019, and other reports filed with the U.S. Securities
and Exchange Commission. AECOM does not intend, and undertakes no
obligation, to update any forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20200407005265/en/
Media Contact: Brendan Ranson-Walsh Vice President,
Global External Communications 1.213.996.2367
Brendan.Ranson-Walsh@aecom.com
Investor Contact: Will Gabrielski Vice President,
Investor Relations 1.213.593.8208 William.Gabrielski@aecom.com
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