Balfour Beatty recognised as a leading supplier for action on climate change
27 January 2015
Balfour Beatty plc has been awarded a position on the CDP Supplier Climate Performance Leadership Index 2014 for its actions to reduce carbon emissions and mitigate the business risks of climate change. This follows being listed on The A List: CDP Climate Performance Leadership Index 2014 in October last year.
The index presents 121 suppliers identified as demonstrating a superior approach to climate change mitigation. It has been produced at the request of 66 multinational purchasers who have a procurement spend of US$1.3 trillion by CDP, the international NGO that drives sustainable economies.
Information provided by 3,396 companies has been independently assessed against CDP’s respected scoring methodology and ranked accordingly. Balfour Beatty is one of 121, and one of only five infrastructure companies, to have been awarded an A grade for its climate performance, earning a position on this global ranking of suppliers’ efforts to mitigate climate change.
Chris Vaughan, Chief Corporate Officer at Balfour Beatty says, “We are delighted that, in addition to being listed on The A List: CDP Performance Leadership Index last year, we have been included in the CDP’s Supplier Climate Performance Leadership Index for our work in reducing carbon emissions across our project sites, offices and off-site manufacturing facilities.”
Robert Francisco, president of the index assessor FirstCarbon Solutions, adds: “For many companies, the majority of greenhouse gas emissions are found within the supply chain. This achievement is testament to Balfour Beatty’s partnership with its customers to make the commitment to environmental stewardship and demonstrate a superior approach to climate change mitigation. As CDP’s sustainability business process outsourcing partner and supply chain scorer, FirstCarbon Solutions congratulates Balfour Beatty for being recognised in the top 4% of suppliers as part of CDP’s 2014 Supplier Climate Performance Leadership Index.”
CDP performance scores provide a tool for corporate buyers to evaluate and track supplier efforts to mitigate climate change risks such as rising costs associated with regulation and fluctuating energy prices, or business interruption due to extreme weather events. When climate change risks become a reality, profitability and brand reputation up and down the value chain can be impacted. CDP scores enable benchmarking and easy identification of where purchasers and their suppliers can collaborate to drive improvements to future proof their supply chains against climate risk.
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About Balfour Beatty plc
Balfour Beatty is a leading international infrastructure group.
With 36,000 employees, we provide innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth.
We finance, develop, build and maintain complex infrastructure such as transportation, power and utility systems, social and commercial buildings.
Our main geographies are the UK, US, Middle East and South East Asia. Over the last 100 years we have created iconic buildings and infrastructure all over the world including the London Olympics’ Aquatic Centre, Hong Kong’s first Zero Carbon building, the world’s biggest shopping mall in Dubai, the National Museum of the Marine Corps in the US and the Channel Tunnel Rail Link.
CDP, formerly Carbon Disclosure Project, is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate-change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow us @CDP to find out more.