GlobalData offers a comprehensive analysis of Arcosa, 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 Arcosa‘s ESG performance. GlobalData’s company profile on Arcosa 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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Arcosa, a leading provider of infrastructure-related products and solutions, has set ambitious emission reduction targets as part of its sustainability efforts. The company's sustainability program is founded on the principle that pragmatic, business-oriented energy management serves as the cornerstone for reducing greenhouse gas (GHG) emissions. The company actively plans to address the global climate challenge by strategically executing projects that enhance operational efficiency, concurrently reducing both costs and environmental impact.
In terms of carbon and greenhouse gas (GHG) emissions, Arcosa has made progress in reducing its environmental impact. The company has reported its emissions data for scope 1 and scope 2 emissions, including pollutants such as NOx, SOx, particulate matter, and volatile organic compounds. The gross global emissions for Scope 1 and Scope 2 in 2022 were reported as 490,918 metric tons (t) CO2-e and 100,594 metric tons (t) CO2-e, respectively. Arcosa is dedicated to achieving a 10% reduction in Scope 1 and 2 emissions intensity by the end of 2026, in comparison to the levels recorded in 2020. In 2022, the company surpassed its Scope 1 and 2 emissions target ahead of schedule by achieving a 19% reduction in the emissions intensity of its operations compared to the 2020 baseline.
Arcosa has implemented various steps and initiatives as part of its sustainability endeavor. The company is focused on energy management and aims to roll out renewable energy plans for its high electricity-use businesses. Additionally, Arcosa has invested in electrification and renewable energy infrastructure, particularly in product lines such as wind towers and utility structures. These investments align with the company's commitment to the energy transition and reducing its reliance on fossil fuels. The company aims to achieve a 50% or greater acquisition of recycled steel for its manufacturing processes, which will help reduce landfill use. Arcosa recognizes the importance of managing waste and believes that sourcing steel made from recycled metals can contribute to waste reduction.
Arcosa's sustainability program is guided by the belief that practical, business-focused energy management is crucial for reducing GHG emissions. The company has also taken steps to address climate-related risks and has provided mitigation strategies and business opportunities in its TCFD recommended disclosure section. Furthermore, Arcosa's sustainability efforts align with several United Nations Sustainable Development Goals, including climate action, responsible consumption and production, and peace, justice, and strong institutions.
In conclusion, Arcosa aims to lower its carbon footprint and reduce its environmental impact. The company's focus on waste reduction, energy management, and investments in renewable energy infrastructure demonstrate its dedication to sustainability. By implementing these measures, Arcosa aims to contribute to a more sustainable future and minimize its carbon and GHG emissions.
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