The target is expected put the company on a trajectory well beyond the 2-degree Celsius temperature goal that is identified by the Paris Agreement
UK-based engineering and consultancy company John Wood Group has unveiled its commitment to reduce 40% of its carbon dioxide emissions by 2030.
The reduction target is to be formally submitted to the Science Based Targets Initiative (SBTi), which is a globally recognised body that champions ambitious corporate climate action.
According to the firm, the target is expected put the company on a trajectory well beyond the 2-degree Celsius temperature goal that is identified by the Paris Agreement, as it continues to take action to reduce its carbon footprint.
The company has set the emissions reduction target using 2019 figures as a baseline.
In order to achieve the target, the firm’s efforts will include setting minimum standards to minimise carbon intensity from its sites, equipment and vehicle use, boosting the use of renewable energy sources, and implementing more sustainable procurement policies.
Wood chief executive Robin Watson said: “As a member of the United Nations Global Compact and a long-standing contributor to CDP Climate Change, we believe in the importance of setting science-based carbon reduction targets.
“Working with our partners, our people and our communities we will build a lower carbon world that enables sustainable growth for future generations.
“As well as setting targets for Wood, we see a key role for our business in the global energy transition journey, applying our technical expertise and trusted experience to support the decarbonisation commitments of companies and governments in a range of industries.”
Wood’s services include wind, solar, carbon capture and storage, hydrogen and waste to energy
The commitment to the target is expected to make the company accountable for reducing its own environmental footprint in addition to the technical services it provides to clients.
The services include wind, solar, carbon capture and storage, hydrogen and waste to energy, and solutions to help oil, gas and chemicals clients achieve their own decarbonisation targets.
Wood will also involve in the built environment, designing, planning and delivering sustainable and less carbon intensive infrastructure, as cities continue to grow.