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Firm’s sustainable revenue and diversity achievements recognized
EDMONTON, Alberta, June 28, 2023 (GLOBE NEWSWIRE) -- TSX, NYSE:STN
Stantec, a global leader in sustainable design and engineering, has again been named to Corporate Knights’ Best 50 Corporate Citizens in Canada, ranking first in the Engineering construction category and fifth overall. This represents the 14th time Stantec has been named on the Best 50 Corporate Citizens list.
The 22nd edition of Corporate Knights’ ranking of the Best 50 Corporate Citizens in Canada highlights companies that outperform their peers on sustainable investments, sustainable revenues, and a range of other ESG indicators. The Best 50 Corporate Citizens are identified from among Canadian corporations with at least $1 billion in annual revenues, across all company types and sectors. The full list and methodology for the Canada’s Best 50 Corporate Citizens rankings can be found here.
“Our continued ranking as one of Canada’s Best 50 Corporate Citizens confirms that our long-standing commitment to advancing ESG is making a real impact towards a more sustainable future,” said Gord Johnston, president and CEO. “ESG is considered in every aspect of our operations, and is truly driven by all of our employees. It is at the heart of what we do and is key to transforming the future of our communities.”
Earlier this year, Stantec was ranked number one in its peer group and seventh overall in the Corporate Knights Global 100 most sustainable companies rankings, which recognizes business practices based on ESG indicators.
Among the firm’s recent key ESG achievements are:
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Of Stantec’s 2022 gross revenue, 60 percent—or $3.4 billion—is aligned with the United Nations Sustainable Development Goals (SDGs), a 17 percent—or $1.7 billion—increase since the Company began tracking in 2019.
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Stantec achieved operational carbon neutrality by systematically reducing emissions, purchasing renewable energy, and balancing residual emissions with high-value, certified carbon credits.
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Stantec formalized its climate change action strategy by establishing a Climate Solutions Leadership team with leaders from around the world to focus on addressing climate change throughout project work and to look for innovation opportunities.
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Stantec was also named a Top 50 STEM Workplace for Indigenous professionals by the American Indian Science and Engineering Society and recognized for supporting LGBTQ+ inclusion through high scores in the Workplace Pride Global Benchmark report (Ambassador level) and by signing the Declaration of Amsterdam.