This alliance sees non-state actors across the global economy committing to take rigorous and immediate action to halve emissions by 2030 and achieve net zero emissions by 2050 at the latest, in line with the global race to limit rising temperatures to 1.5°C.
This latest pledge builds on Balfour Beatty's Group-wide Sustainability strategy, 'Building New Futures', in which the company committed to minimising the environmental impact of its operations across the UK, US and Hong Kong. Having already reduced its carbon emissions by 54.7% since 2010, the company has now committed to halving its 2020 carbon emissions by 2030, including scope 3 emissions.
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As part of its journey to build a better, more sustainable future, the company is collating its carbon data for the official submission to the Science Based Target Initiative and is already taking action to achieve both its 2030 target and 2040 ambition to Go Beyond Net Zero Carbon; introducing electric vehicles and plant and implementing the first-of-its-kind retrofit exhaust technology to reduce its carbon emissions.
The company also continually innovates and collaborates with its industry partners to develop new technologies such as Econet, a state-of-the-art technology to manage the power supply of site compounds reducing carbon emissions by up to 80%, and a carbon calculator which can automatically calculate embodied carbon from building information models.
Leo Quinn, Balfour Beatty Group Chief Executive, said: "Today we're joining the UN-backed Race To Zero campaign. On a global basis it reflects our own commitment: not only to move our business forward strongly and sustainably, but also to deploy Balfour Beatty’s green capabilities to help deliver the infrastructure for a net zero world."
