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WSP Global (TSX:WSP) completes acquisition, forming environmental consulting firm
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  • WSP Global has announced ambitious climate action targets which include reaching net zero emissions by 2040
  • With this initiative, WSP will join the Race to Zero, a global initiative that aims to build momentum around the shift to a decarbonized economy ahead of the United Nations Climate Change conference taking place later this year
  • WSP Global provides engineering and design services to clients in multiple sectors
  • WSP Global (WSP) is down 0.10 per cent and is trading at $127.57 per share

WSP Global has announced ambitious climate action targets which include reaching net zero emissions by 2040.

The Science Based Targets initiative, led by a coalition of companies, has approved WSP's science-based greenhouse gas emissions reduction targets.

The targets will tackle three scopes of reduced emissions:

  • Direct emissions including onsite fuel consumption such as natural gas for heating or fuel consumption in owned and leased vehicles, as well as emissions from refrigeration equipment;
  • Indirect emissions associated with energy generated by others and purchased for use by offices such as grid electricity, district steam for heating, and chilled water for cooling; and
  • Other indirect emissions including purchased goods and services, business travel, employee commuting, and other relevant emissions categories.

Alexandre L’Heureux, WSP’s President and CEO, commented,

“[A]s the leading global environmental consulting firm, we are well-positioned to advise our clients on their own transition to a low-carbon economy. Our Future Readyapproach is at the centre of this support for our clients in a rapidly changing world.”

Through this net-zero commitment, WSP will also join the Race to Zero, a global initiative that aims to build momentum around the shift to a decarbonized economy.

Heidi Huusko is the senior manager of Environment and Climate at the United Nations Global Compact, one of the Science-Based Targets initiative partners.

“We congratulate WSP on setting science-based targets consistent with limiting warming to 1.5°C, the most ambitious goal of the Paris Agreement,” she commented.

In addition to its science-based targets, WSP is committing to source 100 per cent renewable electricity by 2030 in support of its operational greenhouse gas reduction efforts.

André-Martin Bouchard, WSP’s Global Director of Environment & Resources, commented,

“Helping our clients reduce their emissions remains a primary objective of our work, both for environmental reasons and to promote positive social impact, as communities benefit from the resilient, low-carbon infrastructure.”

WSP Global provides engineering and design services to clients in the transportation & infrastructure, property and buildings, environment, power and energy, resources, and industry sectors.

WSP Global (WSP) is down 0.10 per cent and is trading at $127.57 per share as of 1:33 pm ET. 

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