AECOM unveils its Sustainable Legacies strategy, including Science Based Targets-approved net zero targets

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by KnowESG,

AECOM

AECOM announces next phase of its Sustainable Legacies strategy

AECOM announced the next phase of its Sustainable Legacies, its industry-leading ESG strategy. The strategy was started a year ago to support sustainability projects that do good things. The updated strategy includes more ambitious net-zero targets that are among the world's first to be approved by Science Based Targets.

AECOM, the world's trusted infrastructure consulting firm, announced the next phase of Sustainable Legacies, its industry-leading ESG strategy launched one year ago to advance sustainability initiatives that positively impact AECOM and communities worldwide.

This strategy embeds sustainable development and resilience across the Company's work, improves community outcomes, achieves net-zero carbon emissions, and improves governance. The Company's updated strategy includes Science Based Targets-approved net zero targets that are among the world's first.

“As a purpose-driven organization, I am proud of our teams' progress to lead the industry as an ESG firm and how we continue to challenge ourselves with even more ambitious initiatives and targets included in our Sustainable Legacies strategy,” said AECOM CEO Troy Rudd. “Alongside our Board of Directors and Executive Leadership Team, the advancements we have made in just a short time inspire all of us to strive for more through our commitment to positively impacting the communities we serve.”

“The passion our nearly 50,000 professionals bring to their work every day to deliver a better world is no better reflected than in our Sustainable Legacies strategy,” said AECOM president Lara Poloni. "We are excited to continue the next phase of our ESG strategy, especially as we partner with our clients on their increasingly complex, multi-decade sustainability initiatives.

AECOM celebrated many ESG successes on the one-year anniversary of its Sustainable Legacies strategy, including:

Operational net zero in Scopes 1 and 2 emissions for fiscal 2021, including 100% renewable electricity in North American offices, with plans to scale.

Implemented Travel with Purpose to reduce business travel. Initiated a robust supplier outreach program to learn about key partners' ESG programs and assess opportunities to improve sustainability across the Company's value chain.

Started the Company's nature-based carbon sequestration projects. Advanced ScopeXTM initiatives to accelerate client ESG offerings and reduce infrastructure design and construction embodied carbon.

In November 2021, the Company published its first TCFD and SASB-aligned ESG Report.

Implemented ESG risk framework to ensure work aligns with the Company's Sustainable Legacies strategy, which is being updated to align with climate science, especially after COP26 last year.

A global employee match donation campaign and employee-driven local humanitarian efforts support Ukraine.

Achieve net-zero carbon emissions: While developing and implementing best practices and achievable goals for its clients, AECOM has continued to further its own carbon emissions goals with one of the first Science Based Targets validated net zero targets. The Company has committed to science-based net zero by 2040, including these actions:

By 2030, reduce Scope 1 and 2 emissions by 60% and Scope 3 by 50%. By 2040, reduce Scope 1, 2, and 3 emissions by 90%. Fleet decarbonization and renewable energy tariffs. Decarbonizing with suppliers and factoring carbon into procurement. business travel by 50%. Nature-based carbon offset projects.

Integrate sustainability and resilience: AECOM's ScopeXTM platform, which considers embodied and operational carbon across the project life cycle, reduces carbon in its designs. ESG action plans will be added to major projects to reduce carbon impact by 50%. Its client account management program will include net-zero, resilience, and social value targets.

Improve social outcomes: AECOM believes equity, diversity, and inclusion improve client outcomes, community understanding, and innovative solutions that advance the industry. The Company is making progress toward its near-term goal of 20% women in senior leadership and 35% of the workforce. Each business region has locally relevant non-gender diversity targets. It partners with small and medium enterprises to generate social value through positive community investments and creates project teams that reflect its clients and communities. The Company also prioritizes inclusive, accessible projects that improve social value for individuals, communities, and society.

Governance: AECOM has implemented and is expanding its enterprise risk framework to better assess ESG factors in potential projects. Leadership accountability and advocacy are supported by annual audits of specific ESG targets and metrics. As part of the Board's Safety, Risk, and Sustainability Committee's recently expanded charter that includes direct oversight of ESG activities, the Company intends to track and report on its ESG performance targets externally in line with leading industry benchmarks.

Source: AECOM newsroom

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