Eight construction firms make Time’s first global sustainability ranking

Stantec, which scored highest among construction firms, is the prime consultant on the $25bn net zero World Logistics Center in Moreno Valley, California, set to be North America’s biggest logistics and business park (Courtesy of Stantec)
Eight companies involved in international construction have made it onto the first Time Magazine-Statista ranking of the world’s 500 most sustainable companies.

They include infrastructure builders Eiffage, Webuild, and Ferrovial, and design and engineering consultants Stantec and WSP. The full list with scores is below.

To get on the list, companies must have signed up to climate programmes like the 1.5°C target from the Science Based Targets initiative (SBTi), and receive high scores from CDP, formerly the Carbon Disclosure Project, a voluntary emissions disclosure scheme.

The organisers also assessed companies’ Scope 1 and 2 emissions. Scope 1 emissions are directly caused by a company, while Scope 2 are indirectly created when a company purchases power.

“It’s one thing for a company to give lip service to helping the environment; it’s another for its leaders to make trackable, public commitments to doing better for the planet,” the organisers said.

And the winner is …

Excluded from the table are companies classed as “carbon majors”, a category that includes fossil fuel companies and cement makers.

Organisers assessed companies’ emissions reductions in 2021 and 2022, the most recent years fully reported, and the proportion of renewable energy they use.

They also favoured companies that have incorporated sustainability into their business models.

The title of most sustainable company this year went to France’s Schneider Electric, which supplies software and services for energy management.

Organisers were impressed with its target to reach carbon neutral by 2025.

It helps customers reduce emissions through its Sustainability Business, and has its own performance tracking system.

It has scored “A” in the CDP climate disclosure programme for 12 years in a row.

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