EDMONTON, Alberta and NEW YORK, April 22, 2021 (GLOBE NEWSWIRE) – TSX, NYSE: STN
Stantec immediately launched its 14e Annual Sustainability Report for the 12 months ended December 31, 2020. The report complies with International Reporting Initiative (GRI) requirements and contains enhanced ESG metrics aligned with the Sustainability Accounting Requirements Board (SASB) and Group of labor on climate-related monetary disclosures (TCFD). Stantec additionally launched its 2020 gross income aligned with United Nations (UN) Sustainable Development Goals (SDGs), which rose 7% to $ 2,334 million (49% of gross income) from $ 2,175 million in 2019 (45% of gross income).
“As an trade chief in sustainability, we pleasure ourselves on our efficiency indicators, however we acknowledge our larger accountability to maneuver ahead with further metrics,” stated Gord Johnston. , President and CEO of Stantec. “We’re dedicated to combating local weather change, as proven by our net zero operations by 2030 and our sustainability design management demonstrated within the venture options we implement all over the world. “
Launched along side the worldwide celebration of Earth Day, Stantec’s annual sustainability report options a number of sustainability initiatives and milestones undertaken over the previous 12 months:
Constructing frameworks of United Nations tradition and practices for the SDGs – The corporate works throughout the pointers of the United Nations International Compact to develop constructions and incentives that advance the adoption of the objectives and in addition identifies alternatives to include SDG monitoring mechanisms into the operations of the enterprise.
For 2020, the corporate estimates that 49% of gross revenues had been straight aligned with seven separate UN SDGs: # 6 Clear water and sanitation; N ° 7 Clear and reasonably priced vitality; N ° 9 Trade, innovation and infrastructure; N ° 11 Sustainable cities and communities; N ° 13 Local weather motion; N ° 14 Life below water; and n ° 15 Life on Earth.
“We basically imagine that each one stakeholders ought to have entry to data on an organization’s contributions to the SDGs,” stated Ayman Chowdhury, Chief Government Officer, UN International Compact Community Canada. “We’re happy to see Stantec reveal transparency and management in reporting earnings from tasks that help the SDGs and inspiring different corporations to do the identical.”
Main alongside the UN – To help sustainable practices within the finance trade, Theresa Jang, Chief Monetary Officer (CFO) of Stantec, is a member of the CFO Working Group for SDGs—A sustainable financing program for the United Nations International Compact.
Workforce fairness and dynamics – For the second consecutive 12 months, Stantec named to Bloomberg Gender Equality Index (GEI) 2021, a rating of the efficiency of public enterprises dedicated to speaking clear information on gender and advancing girls’s equality within the office. Based mostly on 5 distinct areas of knowledge disclosure, the index contains 380 corporations throughout 44 nations and 11 industries. Moreover, Stantec formally endorsed the Girls’s Empowerment Ideas in 2020, a venture of the United Nations International Compact. The corporate maintains lively engagement with the International Compact Community Canada on gender equality matters, together with Blueprint for Gender Equality Management within the Office.
Forbes Recognition – In the course of the previous 12 months, Forbes appointed Stantec in its list of the world’s best employers, the group rating fifth within the skilled providers class. The checklist is compiled by Forbes and Statista, a number one supplier of trade statistics and rankings, utilizing responses to surveys of greater than 160,000 employees in 58 nations. Forbes additionally acknowledged Stantec in its America’s Best Employers for Women and lists of Canada’s Prime Employers.
Complementing numerous parts of the United Nations SDG framework, Stantec’s sustainability report highlighted venture exercise in every enterprise unit, representing the corporate’s experience and impression all over the world.
United States – Stantec helped Denver Water redevelop its 14-hectare (34.6-acre) resort to enhance the effectivity, performance, security and safety of their water service operations. The corporate supplied design providers for the brand new LEED Platinum, Web-Zero Vitality, 100% electrical administrative constructing within the coronary heart of the campus, in addition to seven further LEED licensed buildings on web site. This transformative venture – with Colorado’s first on-site wastewater recycling system in a industrial constructing – contains vitality and water conservation measures, biophilic design, on-site solar energy, and superior ideas well-being and office.
UK – Stantec has partnered with Yorkshire Water develop an automatic answer to establish extremely flammable liquids and the danger of septicity of property within the watershed. The group’s award-winning strategy improves the accuracy of assessments in addition to well being and security. This instrument made it doable to hold out greater than 7,000 assessments of watersheds overlaying 36,049 kilometers of sewers in 18 months.
Ethiopia – Stantec designed the Award-winning Genale-Dawa 3 hydropower project with an put in capability of 254 megawatts, rising Ethiopia’s total electrical capability by virtually 6%. Not solely will this venture generate renewable vitality for this landlocked nation, it is going to additionally function a water reserve and supply water for the irrigation of 37,000 acres (15,000 hectares) of crops.
Extra data on the corporate’s sustainability initiatives, plans and thought management might be discovered on the corporate’s web site. here.
Communities are basic. Whether or not it is across the nook or internationally, they supply a base, a way of belonging and a way of belonging. That is why at Stantec, we design with the group in thoughts.
We care in regards to the communities we serve as a result of they’re additionally our communities. It permits us to evaluate what is required and join our experience, admire the nuances and envision what was by no means envisaged, convey collectively various views in order that we are able to collaborate in direction of shared success.
We’re designers, engineers, scientists and venture managers, innovating collectively on the intersection of group, creativity and buyer relationships. Balancing these priorities leads to tasks that enhance the standard of life in communities all over the world.
Stantec trades on the TSX and NYSE below the image STN. Go to us on stantec.com or discover us on social media.
Warning Relating to Ahead-Trying Statements
This press launch accommodates forward-looking statements concerning the initiatives and tasks described above. Ahead-looking statements additionally embody some other assertion that doesn’t consult with historic information. By their nature, forward-looking statements are primarily based on assumptions and are topic to inherent dangers and uncertainties. There’s a threat that the initiatives and tasks described above shall be delayed, canceled, suspended or terminated. This might trigger future outcomes to vary materially from the forward-looking statements made on this press launch. Besides as required by regulation, Stantec assumes no obligation to publicly replace or revise any forward-looking statements. Ahead-looking statements are supplied on this doc for the aim of offering details about the initiatives and tasks talked about above and their anticipated impression. Readers are cautioned that this data will not be acceptable for different functions.
Design with the group in thoughts