Aecon releases annual sustainability report ‘Building a Sustainable Future’
by CM staff
Aecon has adapted the structure of its business by establishing a single point of entry to its sustainability capabilities in three key areas – climate change adaption, pathways to net zero, and sustainable construction.
Aecon 2022 Sustainability Report (CNW Group/Aecon Group Inc.)
TORONTO — Aecon Group Inc., released its fourth annual Sustainability Report, outlining its progress and goals in its Environmental, Social and Governance (ESG) practices.
“Our fourth annual Sustainability Report highlights our commitment to sustainability in what we build and how we build it, as we continue moving forward with a strategic focus on decarbonizing energy systems in support of a net zero future,” said Jean-Louis Servranckx, President and CEO, Aecon Group Inc.
Aecon has adapted the structure of its business by establishing a single point of entry to its sustainability capabilities in three key areas – climate change adaption, pathways to net zero, and sustainable construction.
Highlights of the report include:
Environment: Aecon adopted recognized environmental management practices and standards including the Envision framework, a guide performance in sustainable construction. Aecon continues its focus on achieving its GHG emissions reduction goals, including a 30 per cent reduction in direct CO2emissions on an intensity basis (scopes 1 and 2) by 2030 as compared to 2020 and net zero (scopes 1, 2 and 3) by 2050.
Social: Aecon released its inaugural Reconciliation Action Plan, outlining its commitment to engaging in reconciliation across its operations together with Indigenous Peoples, and established new Indigenous-led joint ventures. Aecon procured $233 million of Indigenous goods and services – its highest annual total – and advanced its efforts to train new workers from historically underrepresented groups in construction including through the Aecon Women in Trades (AWIT) program and the Aecon-Golden Mile (A-GM) community-owned joint venture.
Governance: An ESG screening survey was introduced for preferred suppliers, with a goal of having 100 per cent of preferred suppliers screened by 2025. Oversight of sustainability matters was moved from the Risk Committee to the entire Board of Directors, and Aecon’s sustainability expertise now falls under the umbrella of a larger division that oversees and addresses all stakeholder relations, creating cohesion in organizational communication and relationship management.
“Aecon is proud to help build a sustainable future through electrified mass transit projects, new low carbon energy solutions and resilient community infrastructure to support thriving communities,” said Eric MacDonald, Executive Vice-President, Utilities, Aecon Group Inc. “For years, we’ve been investing to ensure that we’re ready to help clients navigate the energy transition.”
