GlobalData offers a comprehensive analysis of Peab, 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 Peab‘s ESG performance. GlobalData’s company profile on Peab 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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Peab, a construction and civil engineering company, is committed to reduce its carbon emissions. The company has established a goal to decrease carbon dioxide intensity within its internal operations (Scope 1 and 2) by a minimum of 60% (baseline 2015) and for input goods and purchased services (Scope 3) by 50% (baseline 2015) by the year 2030. As per the company's ESG report 2022, the company's Scope 1 greenhouse gas emissions were 216,000 tCO2e, and its Scope 2 (market based) & (location- based) greenhouse gas emissions were 7,000 tCO2e and 16,000 tCO2e respectively, while its Scope 3 emissions recorded was 1,100,000 tCO2e. The company recorded 23% reduction of energy intensity compared to base year 2015.
Peab has taken steps to reduce its emissions and achieve its net-zero targets. The company has made investments in waste management and prevention measures, recognizing the environmental impact associated with waste generation and depletion of natural resources. Additionally, Peab has focused on energy consumption within the organization, aiming to reduce energy intensity. The company has set targets for carbon dioxide intensity in both its own production (Scope 1 + 2) and input goods and purchased services (Scope 3).
The company is committed to addressing its environmental impact. By implementing measures to reduce emissions and improve waste management, Peab is taking proactive steps towards achieving its net-zero targets. Peab's primary long-term environmental objective among its three group-wide targets is to achieve climate neutrality by 2045 at the latest, in alignment with the scientifically endorsed 1.5-degree target outlined in the Paris Agreement. The company's second environmental goal is to achieve full resource efficiency by 2040. This objective plays a significant role in advancing towards its climate target, as both resource consumption and material production exert substantial impacts on the climate.
In conclusion, Peab is deeply committed to reducing its carbon footprint and environmental impact. Through strategic measures in waste management, energy consumption reduction, and stringent emission reduction goals across its operations, Peab is actively progressing toward achieving its net-zero targets and fulfilling its long-term environmental objectives.
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