Eiffage publishes its first climate report according to the Working Group Guidelines on Climate-Related Financial Information Disclosure (TCFD), which specifies financial risks and opportunities linked to the energy transition and climate change.
The Group intends to align itself with the “well below 2ºC”, adopted by the Paris Agreement (2015), which has as a long-term objective that the average temperature of the Earth does not rise more than 2ºC compared to the pre-industrial levels. Objective established in the European Union roadmap on climate reports for companies.
Aware of the challenges it faces to adopt sustainable growth, Eiffage aims to measure the impacts of each of its businesses and provide solutions to minimize environmental damage. “We cannot carry out the transformation of the sector alone. We must mobilize collective intelligence to standardize the low-carbon processes that are still pioneering in our day. “- Benoît de Ruffray, Chairman and CEO of the Group.
To do this, Eiffage has implemented a low-carbon strategy that seeks to limit its internal carbon footprint. As a sustainable infrastructure development company, Eiffage works on low-carbon commercial offerings in urban planning and sustainable infrastructure. This would allow the Group to reduce its greenhouse gas emissions by 33% in 2030 and achieve climate neutrality by 2050. The main axes of this strategy are explained in the climate report.
To sum-up, the climate report details:
- How climate change is integrated at the highest level of the company by the CEO and the Board of Directors.
- The management of physical and transition risks associated with climate change.
- The strategy chosen according to the “well below 2ºC” established and the opportunities for sustainable activities whose development must be accelerated.
- The management and control tools implemented to monitor Eiffage’s low carbon strategy.