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Royal BAM Group has announced the validation of its new carbon emission reduction targets by the Science Based Targets initiative (SBTi), underscoring its commitment to achieving net zero by 2050.
The construction company's updated targets include a 90% reduction in carbon dioxide (CO₂) intensity for scope 1 and 2 emissions by 2030, compared to 2015 levels.
BAM's revised targets, unveiled in early 2023, also set a more ambitious goal for scope 3 emissions, increasing the reduction target from 20% to 50% by 2030, using a 2019 baseline.
Addressing these emissions, which include indirect activities both upstream and downstream of the company's operations, is a significant challenge but is also seen as a crucial opportunity to promote sustainability within the construction sector, stated the company.
The company has already achieved a 56% reduction in scope 1 and 2 CO₂ intensity since 2015, surpassing its previous 2023 targets.
This was facilitated by a 22% decrease in absolute emissions between 2022 and 2023, with initiatives such as the use of biofuels, fleet electrification, and energy efficiency improvements.
BAM plans to continue this momentum by electrifying its equipment and utilising sustainable biofuels.
BAM, headquartered in the Netherlands, employs a workforce of more than 10,000 employees.
The company specialises in construction, mechanical and electrical services, civil engineering, property, and public-private partnerships and focuses on delivering value-based, reliable, and sustainable solutions within the construction industry.
In November 2024, the company announced the commencement of the Yeovil College campus redevelopment, a project valued at over £60m ($77.6m), funded by the UK's Department for Education.
"SBTi validates BAM’s new net-zero targets" was originally created and published by World Construction Network, a GlobalData owned brand.
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