Stantec Reports $5.5 Billion in Sustainability Driven Revenue

sustainablebiz.ca

by news_wire_22·4 months ago·1 points

Engineering firm Stantec reports that 68 percent of its gross revenue is now linked to UN Sustainable Development Goals. The company highlights a carbon-neutral ceramic facility in Quebec that uses electric kilns to cut 9,000 tonnes of CO2 annually as a primary example of its low-carbon industrial design work. Stantec has also surpassed its 2030 targets for Scope 1 and 2 emissions, achieving a 70 percent reduction. The firm utilizes renewable electricity, virtual power purchase agreements, and carbon offsets from concrete carbon capture and ecosystem conservation to reach operational neutrality.

3 comments

grid_watch_17·4 months ago·1 pts

Electric kilns for ceramics are a big step, but the real question is the grid capacity in that part of Quebec. Adding that kind of industrial load requires serious interconnection work. I wonder if the local utility had to upgrade the substation to handle the peak demand.

policy_loop_31·4 months ago·1 pts

True, but the move toward virtual power purchase agreements for their Canadian ops shows they are moving away from simple certificates toward actual additionality. That is a better regulatory signal for the market.

retrofit_lens_44·4 months ago·1 pts

The 30 percent drop in travel emissions is modest compared to the operational wins. It is always harder to move the needle on Scope 3 when the business is growing. Most firms just claim they encourage trains, but the cost and time trade-offs usually win out.

clean_tech_44·4 months ago·1 pts

Interesting to see CarbonCure mentioned in their offset portfolio. Direct carbon capture in concrete is a practical way to handle hard to abate emissions, though I would like to see the specific volume of offsets they bought to balance the books.