Stantec announces major achievements in annual sustainability report
22 April 2022 - 12:45PM
TSX, NYSE:STN
Stantec, a global leader in sustainable design and
engineering, released its 15th annual Sustainability Report today
and announced that it has achieved carbon neutrality for operations
in the United Kingdom, New Zealand, and European Union. The
accomplishment reflects the Company’s commitment to enterprise-wide
carbon neutrality on its path to 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, 2021.
As the world observes Earth Day today, Stantec’s
2021 Sustainability Report celebrates several key sustainability
milestones and corporate achievements:
- 53% of Stantec’s gross revenue is aligned with the United
Nations’ Sustainable Development Goals (SDGs), continuing its
upward trend from 45% in 2019 and 49% in 2020. 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 amended and extended its syndicated senior credit
facility under a Sustainability-Linked Loan, becoming the first
company globally to link to its Bloomberg Gender-Equality Index
score. Stantec also became the first company in Canada to commit to
direct proceeds back into communities to further climate action and
social justice.
- Stantec was ranked among the top 1% in the world on sustainable
performance and number one in our peer group in the Corporate
Knights Global 100 most sustainable companies rankings, which
recognizes business practices based on ESG indicators.
- Stantec validated its science-based target against a 1.5oC
trajectory, the most ambitious goal of the Paris Agreement, which
is required to prevent the most damaging effects of climate change.
- Stantec was named by Forbes as one of the World’s Top
Female-Friendly companies and America’s Best Employers for
Diversity. As well, for multiple years, Stantec has been listed on
the Bloomberg Gender-Equality Index and American Indian Science and
Engineering Society Top 50 workplaces for Indigenous STEM
professionals. Additionally, Stantec is a participant in the
Workplace Pride Global Benchmark.
“To design with community in mind is to design
with sustainability in mind,” said Gord Johnston, President and
Chief Executive Officer. “Stantec is committed to operational
action and deeply understands our responsibility to make impactful
contributions to sustainability through the work we do for our
clients to address extreme weather events, aging infrastructure,
growing populations, water scarcity, climate change, and social
inequity.”
Stantec’s annual Sustainability Report highlights
key sustainability projects in its business operating units and how
they impact communities around the world:
- Africa – To create one of the largest
electricity markets in the world, Stantec is supporting the African
Single Electricity Market (AfSEM) program, funded by the European
Commission. Once complete, the initiative will bring together the
electricity sectors of the African Union’s 55 member states and
provide electricity to a population of more than 1.3 billion.
Efforts include coordinating development of a system masterplan,
monitoring systems, tariff frameworks, roadmaps, and policy papers.
- United Kingdom – London’s sewer network
remains largely unchanged since being built in Victorian times.
A new 25-kilometer (15.5 mile) super sewer will significantly
reduce pollution by intercepting untreated raw sewage and
significantly reducing the potential for overflow. Stantec
supported the environmental impact assessment, transport
assessment, and construction logistics strategy.
- Canada – Stantec engineered the redevelopment
of Brentwood Town Centre (a 28-acre/11.3 hectare retail site in
Burnaby, British Columbia) to become a resilient, transit-oriented
community hub. Stantec modeled building envelope options to meet
anticipated climate and building codes for the next 50 years and
used that as the design criteria. The project is pursuing multiple
LEED certifications (core and shell, new construction, and
neighborhood development).
- United States –Stantec is working on the GoMed
program that deploys shuttles from a downtown transit hub to the
Las Vegas Medical District. This is one of the world’s first
deployments of automated vehicle shuttles as part of regular
transit service. It will provide an inclusive, safe, and low-carbon
mobility solution for patients, employees, and medical students.
The solutions applied to the 674-acre (273-hectare) site are
scalable and replicable city-wide, providing potential long-term
mobility solutions for the area.
- Australia – Stantec is providing civil,
electrical, and structural engineering services for a 154 MW solar
energy system to help responsibly power new industry. The project
is expected to generate enough energy to power the equivalent of
about 30,000 homes while avoiding 131,000 tons of greenhouse gas
emissions annually. The project also includes battery storage and
connects to the electrical grid, supplying local businesses and
residents with clean energy.
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
Statements This 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 Danny Craig Stantec Media Relations
Ph: (949) 632-6319 danny.craig@stantec.com |
Investor ContactTanya FinneyStantec Investor
RelationsPh: (403) 205-5791tanya.finney@stantec.com |
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