Aecon is pleased to announce it has been named on the Corporate Knights 2022 list of the Best 50 Corporate Citizens in Canada, illustrating its significant progress in embracing and operationalizing net-zero construction practices.
The annual list recognizes corporate sustainability leadership in Canada utilizing a transparent and quantitative methodology to evaluate Canadian companies on Environmental, Social and Governance (ESG) performance.
“We are proud to be recognized on this prestigious list as we move forward as the Canadian leader in sustainable construction,” said Jean-Louis Servranckx, President and CEO, Aecon. “We look forward to continuing to set industry benchmarks – driven by our commitment to integrating innovation into our business strategy, introducing new methods and technologies across our operations, and consistently expanding our multidisciplinary sustainability capabilities.”
Aecon was among 13 companies on this year’s list to have net-zero commitments. It was also among 25 companies to achieve year-over-year emissions-intensity reductions of at least 7.6 per cent – the global benchmark for a net-zero trajectory.
“We strive to consistently improve our sustainability performance in support of our purpose to build what matters to enable future generations to thrive,” said Yonni Fushman, EVP, Chief Sustainability Officer and Chief Legal Officer, Aecon.
In 2020, Aecon became the first construction company in North America to conduct an inventory of all the greenhouse gases (GHG) produced in its operations, which helped set targets to achieve a 30 per cent reduction in direct CO2 emissions by 2030 and reach net-zero by 2050. This past year, Aecon made substantial progress toward reaching these targets and achieved a 15 per cent year-over-year CO2 emissions reduction on an intensity basis while also completing a comprehensive GHG inventory, including a scan of indirect (Scope 3) emissions.
“As we work toward achieving our sustainability targets, we’re also partnering with our clients to achieve their own ambitious net-zero goals. We’re evolving our diverse sustainability solutions business model to help our clients navigate the complexities of a transformative energy market, ensure integrated project management throughout the project lifecycle and achieve consistent on-time project delivery,” said Fushman.
To learn more about Aecon's sustainability program, please visit aecon.com/sustainability.
As a Canadian leader in construction and infrastructure development with global expertise, Aecon Group Inc. (TSX: ARE) strives to be the number one Canadian infrastructure company and is proud to be recognized as one of the Best Employers in Canada. Aecon safely, profitably, and sustainably delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility, and Industrial sectors, and provides project development, financing, investment and management services through its Concessions segment. Join our online community on Twitter, LinkedIn, Facebook and Instagram @AeconGroupInc.
About Corporate Knights Best 50 Corporate Citizens
Selected from a pool of 332 Canadian companies including all those with revenues over $1 billion – each evaluated on a set of 24 ESG indicators relative to industry peers using publicly available information – the 2022 Best 50 companies are at the vanguard of corporate sustainability leadership in Canada. Corporate Knights’ commitment to measure companies on what matters most for people and the planet has now spanned over two decades.
For further information:
EVP, Chief Sustainability Officer & Chief Legal Officer
Prabh K. Banga