Stantec Inc.
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Stantec Inc. is a Canadian multinational company that provides construction engineering services to clients across the globe. The company has a strong focus on sustainability and decarbonisation, which is reflected in its corporate energy strategy. Stantec is committed to reducing its carbon footprint and promoting the use of renewable energy sources, and it has implemented several initiatives to achieve these goals.
One of the key elements of Stantec's corporate energy strategy is the use of corporate power purchase agreements (PPAs) to source renewable energy. PPAs are long-term contracts between a renewable energy provider and a corporate buyer, in which the buyer agrees to purchase a certain amount of renewable energy at a fixed price over a specified period of time. By entering into PPAs, Stantec is able to secure a reliable and cost-effective supply of renewable energy, while also supporting the growth of the renewable energy sector.
Stantec has already signed several corporate PPAs for wind and solar energy, and it plans to increase its renewable energy sourcing in the coming years. The company has set a target to source 100% of its electricity from renewable sources by 2025, and it is on track to achieve this goal. In addition to PPAs, Stantec is also investing in on-site renewable energy generation, such as solar panels and wind turbines, to further reduce its reliance on fossil fuels.
Another important aspect of Stantec's corporate energy strategy is the decarbonisation of its operations. The company has set a target to reduce its greenhouse gas emissions by 20% by 2025, compared to a 2017 baseline. To achieve this goal, Stantec is implementing a range of measures, including energy efficiency improvements, the use of low-carbon fuels, and the adoption of new technologies.
Stantec is also working with its clients to help them achieve their own decarbonisation goals. The company provides a range of sustainability services, including energy audits, carbon footprint assessments, and renewable energy feasibility studies. By helping its clients to reduce their carbon footprint, Stantec is contributing to the wider effort to combat climate change.
Overall, Stantec is a leader in the construction engineering sector when it comes to sustainability and decarbonisation. The company's commitment to renewable energy and carbon reduction is reflected in its corporate energy strategy, which includes the use of corporate PPAs, on-site renewable energy generation, and decarbonisation measures. Stantec's focus on sustainability is not only good for the environment, but it also makes good business sense, as it helps the company to reduce its costs and enhance its reputation as a responsible corporate citizen.