GlobalData offers a comprehensive analysis of Costain Group, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Costain Group‘s ESG performance. GlobalData’s company profile on Costain Group offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Costain Group, a UK-based engineering and construction company, is dedicated to achieving their net-zero goal by 2035 and has initiated the development of a Climate Change Action Plan as a part of their commitment towards this objective. The company's emissions data is calculated in line with the GHG Protocol and is third-party accredited. While independent assurance is not commissioned for sustainability management and reporting, Costain Group ensures transparency and accountability in its emissions calculations.
In terms of carbon emissions, Costain Group has registered 15% reduction in Scope 1,2 and 3 emissions compared to the previous year. When normalized by turnover (measured in tCO2e/£M), emissions have shown a notable decrease of 32%.The company acknowledges the importance of addressing scope 1, scope 2, and scope 3 emissions, which include direct emissions from owned or controlled sources, indirect emissions from purchased electricity, and other indirect emissions from the value chain, respectively. In 2022, the emissions for Scope 1 amount to 6,634 metric tonnes of CO2e per year, while for Scope 3, they amount to 28,723 metric tonnes of CO2e per year.
To achieve its net-zero targets, Costain Group has taken steps to reduce emissions. The company has made investments in sustainable solutions and has a focus on incorporating operational-phase energy and water efficiency considerations into project planning and design. It also seeks certification to third-party multi-attribute sustainability standards for its commissioned and active projects.
Costain Group emphasizes its commitment to sustainability and the importance of minimizing its carbon impact. The company aims to deliver more sustainable solutions by leveraging its engineers' expertise and working alongside its environment and community team to minimize direct impacts on communities and the environment.
In conclusion, Costain Group is actively working towards achieving net-zero emissions. The company follows recognized standards for calculating emissions and is committed to transparency in its reporting. Through investments, certifications, and collaboration with various stakeholders, Costain Group is taking steps to reduce its carbon footprint and contribute to a more sustainable future.
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