SNC-Lavalin Publishes Sustainability Report: Our Vision For Engineering a Sustainable Society

MONTREAL: September 26, 2022 – SNC-Lavalin (TSX: SNC), a fully integrated professional services and project management company with offices around the world, today released its 2021 Sustainability report, titled Our Vision for Engineering a Sustainable Society. The report measures the Company’s progress made against existing ESG targets, as well as detailing the enhanced commitments made in 2021.

“2021 has been another year of progress in Sustainability at SNC-Lavalin, as we focused on defining how we want to do business as a company,” said Ian L. Edwards, President and Chief Executive Officer, SNC-Lavalin. “Through our projects and corporate activities, we’ve fully operationalized our purpose: to engineer a better future for our planet, and its people. We set Engineering Net Zero as our north star and positioned ourselves in geographies and markets where governments and the private sector are investing to meet their Net Zero obligations, manage their climate risk, and build climate resiliency into their portfolios as the global effort is expected to require significant investment over the next 30 years.”  

The comprehensive report details how SNC-Lavalin is advancing its Engineering Net Zero blueprint, launching new Net Zero focused services and winning major contracts in support of decarbonization initiatives from public and private clients across the Company’s core geographies of Canada, the US, and the UK and beyond. This is in addition to the ongoing strengthening of SNC-Lavalin’s Equality, Diversity, and Inclusion (ED&I) targets at the executive management and Board level, extensive philanthropic contributions in communities around the world and the robustness of its corporate governance infrastructure — notably its industry-leading Integrity program, independently recognized as best-in-class for its effectiveness. 

“Our Vision For Engineering a Sustainable Society, along with every other step we’ve taken in our ESG journey as a purpose-driven organization, demonstrates what we know to be true: that an ambitious, transparent, and accountable ESG strategy is good for the business too,” commented Dr. Hentie Dirker, Chief ESG and Integrity Officer, SNC-Lavalin. “Done correctly, an integrated ESG strategy deployed with precision in the areas we can have the greatest impact does not put constraints on our business. Rather, it strengthens it by making us a more attractive partner for current and prospective clients to do business with, bolsters our value proposition in talent attraction and retention, and ensures we’re staying one step ahead of the expectations of our multi-faceted stakeholder base.”

Highlights of the 2021 Sustainability report include:

• Pay for Performance — ESG: The Board has structured executive compensation so that it will now be directly tied to the achievement of ESG targets.
• Net Zero by 2030: Set a target of Net Zero carbon emissions by 2030 across corporate activities, and released a Routemap to achieving it. Complementing these targets, SNC-Lavalin also joined the United Nations Framework Convention on Climate Change’s Race to Zero global campaign and signed The Climate Pledge; a commitment to achieve the Paris Agreement 10 years early. More recently, the Company strengthened its commitment to achieving carbon neutrality by joining Science Based Targets Initiative (SBTi).
• Thought Leadership & Climate Advocacy: Published Engineering Net Zero reports in Canada and Germany (in addition to our analysis for the UK) where we explored each country’s Net Zero commitments in detail and offered a blueprint as to how Net Zero policies and ambitions can translate into an actionable energy plan.
• Decarbonomics^TM platform: This proprietary platform leverages carbon databases to deliver cost-effective retrofitting solutions and demonstrates how SNC-Lavalin makes an impact on sustainability outside of the Company’s internal ESG targets. Through these initiatives, SNC-Lavalin is positioned as a market leader and a key partner, facilitator, and enabler of a Net Zero carbon future.

Find out how SNC-Lavalin is engineering a better future for our planet and its people through the full report here.

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, technology and data to design, deliver and operate the most complex projects. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital – and delivered to clients in key strategic sectors such as Engineering Services, Nuclear, Operations & Maintenance and Capital. News and information are available at snclavalin.com or follow us on LinkedIn and Twitter.