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WSP Commits to Attaining Web Zero, Backed by Science-Based mostly Greenhouse Gasoline Emissions Discount Targets

MONTREAL, April 20, 2021 (GLOBE NEWSWIRE) – WSP International Inc. (TSX: WSP) (“WSP” or the “Firm”) is happy to announce bold local weather motion by way of a dedication to attain zero internet emissions in its worth chain by 2040. To help the achievement of its zero internet dedication, the Firm has established science-based greenhouse gasoline (GHG) emission discount targets, which have been authorised by the Science Based mostly Targets (SBTi) initiative.

“We’re happy to announce these commitments and to hitch with different organizations in main the best way within the pressing battle in opposition to local weather change,” stated Alexandre L’Heureux, President and CEO of WSP. “Moreover, as a world chief in environmental consulting, we’re effectively positioned to advise our purchasers in their very own transition to a low carbon economic system. Our future prepared® The method is on the middle of this help for our purchasers in a quickly altering world.

Due to this internet zero dedication, WSP may also be a part of the Race to Zero, which brings collectively a coalition of main initiatives for internet zero, with the goal of making momentum across the transition to a low-carbon economic system earlier than COP26, on the twenty sixthe United Nations Local weather Change Convention to be held later this 12 months.

“We congratulate WSP for setting scientific objectives per limiting warming to 1.5 ° C, probably the most bold purpose of the Paris Settlement,” stated Heidi Huusko, Senior Supervisor, Atmosphere and Local weather at United Nations International Compact, one of many Science Companions of the Based mostly Targets initiative. “By aligning its objectives with a 1.5 ° C future as a signatory of the Business Ambition for 1.5 ° C marketing campaign, WSP is taking motion to stop the worst results of local weather change.”

The GHG emission discount targets that WSP is asserting immediately, which change the Firm’s present targets, increase the extent of our ambition to align with the most recent local weather science.

WSP Science-Based mostly GHG Emissions Discount Targets

WSP’s science-based GHG targets cowl all Scope 1 and a couple of emissions, in addition to all related Scope 3 emissions.1, as outlined by the GHG Protocol Company Accounting and Reporting Customary. The targets are as follows: WSP commits to cut back absolute market-based Scope 1 and a couple of GHG emissions by 60% by 2030 in comparison with baseline 2018. WSP additionally commits to decreasing absolute scope 3 GHG emissions by 30% over the identical interval.

Along with its scientific aims, WSP is dedicated to acquiring 100% renewable electrical energy provide by 2030, supporting its operational efforts to cut back GHGs.

Every WSP area is updating their GHG motion plans to help the achievement of those objectives. Among the many actions essential to result in reductions in Scope 1 and a couple of, WSP intends to proceed to give attention to rising the power effectivity of its amenities world wide and decreasing the influence on emissions from its fleets. automobiles. WSP’s Scope 3 goal will now embody all classes related to the enterprise (bought items and companies, enterprise journey, worker journey, and different upstream sources of emissions) as outlined by the GHG protocol.2. Every area of the WSP will due to this fact additionally give attention to the emission reductions related to what we purchase, how we journey and the way we work outdoors the workplace.

GHG emissions related to our design and consulting companies

Given the character of WSP’s companies, we have now the potential to make a big contribution to decreasing emissions from the constructed atmosphere by way of our design and consultancy companies.

“We anticipate an elevated give attention to measuring and decreasing infrastructure-related emissions within the coming years, and acknowledge that that is an important step to attain the objectives of the Paris Settlement,” defined Alexandre L’Heureux. “At this time, WSP is happy to make a dedication to higher perceive the GHG emissions related to WSP’s recommendation and designs, and to additional collaborate with its clients and companions to cut back emissions.”

“Serving to our purchasers scale back their emissions stays a major goal of our work, each for environmental causes and to advertise a optimistic social influence, as communities profit from resilient and low-carbon infrastructure,” added André-Martin. Bouchard, International Director, Atmosphere and Sources. “We consider that the mixing of our Future Prepared® the method all through our mission supply course of has the potential to make a big contribution to local weather change mitigation. “

Progress in opposition to the Firm’s objectives might be reported in WSP’s annual International Sustainability Report and in response to CDP’s Local weather Change Questionnaire.

ABOUT WSP
As one of many world’s main skilled companies corporations, WSP gives engineering and design companies to purchasers within the transportation and infrastructure, actual property and buildings, atmosphere , power and power, assets and trade, in addition to strategic advisory companies. WSP’s world consultants embody engineers, consultants, technicians, scientists, architects, planners, environmental specialists and surveyors, along with different design, program and administration professionals. building. Our proficient persons are effectively positioned to ship profitable and sustainable initiatives, wherever purchasers want us. For extra info on WSP, please go to www.wsp.com

FORWARD-LOOKING STATEMENTS
Sure info contained herein might represent “forward-looking statements” inside the that means of relevant Canadian securities legal guidelines and laws. Ahead-looking statements might embody estimates, plans, aims, commitments, expectations, opinions, forecasts, projections, instructions, prospects or different statements that aren’t statements of reality. Ahead-looking statements could also be recognized by phrases corresponding to: “anticipate”, “intend”, “plan”, “goal”, “search”, “consider”, “plan”, “estimate”, “s’ anticipate “,” technique, “” future “,” possible “,” might “,” ought to “,” will “and comparable references to future durations. The forward-looking statements made by the corporate on this press launch are primarily based on a quite a few assumptions that the Firm believes to be cheap as of the date hereof, together with assumptions about normal financial and political situations; the state of the worldwide economic system and the economies of the areas through which the Firm operates; l ” standing and entry to world and native capital and credit score markets; anticipated impacts of the COVID-19 pandemic on the Firm’s enterprise, outcomes of operations, money circulation and / or monetary situation , together with the impact of measures applied on account of the pan defeated by COVID-19. Though WSP believes that the expectations mirrored in these forward-looking statements are cheap, it can provide no assurance that these expectations will show to be appropriate. These statements are topic to sure dangers and uncertainties and could also be primarily based on assumptions that would trigger precise outcomes to vary materially from these anticipated or implied within the forward-looking statements. WSP’s forward-looking statements are expressly certified of their entirety by this cautionary assertion. The total model of the cautionary assertion concerning forward-looking statements in addition to the related assumptions and threat components which, if materialized, might trigger the precise outcomes of the Firm to vary materially from these expressed or implied within the statements forward-looking statements, are included within the Firm’s MD&A for the 12 months ended December 31, 2020, obtainable on SEDAR at www.sedar.com. The forward-looking statements contained on this press launch are made as of the date hereof and WSP assumes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case. , until expressly required. by relevant securities legal guidelines.

FOR MORE INFORMATION, PLEASE CONTACT:

Alain Michaud
Monetary director
WSP International Inc.
alain.michaud@wsp.com
Phone: 438-843-7317

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1 Scope 1: Direct emissions, together with on-site gasoline consumption, corresponding to pure gasoline for heating or gasoline consumption in owned and leased automobiles, in addition to emissions from refrigeration tools; Litter 2: Oblique emissions related to power produced by others and bought to be used by places of work, corresponding to grid electrical energy, district steam for heating, and chilled water for cooling. Scope 3: Different oblique emissions, together with bought items and companies, enterprise journey, worker journey and different related emission classes.

2 The emission classes related to the up to date WSP Scope 3 goal are: items and companies bought; capital items; gasoline and power associated actions; waste generated throughout operations; Enterprise journey; and worker journey (which incorporates emissions associated to worker dwelling work).

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