Eiffage today released its inaugural climate report, prepared in line with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). It details the financial risks and opportunities brought by the energy transition and climate change.
The Group aims to follow a trajectory to limit average global warming to 2°C, as set out by the Paris Agreement in 2015 and in compliance with the European Union’s road map for corporate climate-related reporting.
Fully aware of the challenges that must be met to achieve sustainable growth, Eiffage will measure the impacts of each of its business lines and provide solutions to mitigate environmental harm. Benoît de Ruffray, Chairman and CEO of Eiffage, explains: “We cannot transform the industry on our own. We must mobilise the sector’s collective intelligence to quickly turn today’s pioneering low-carbon solutions into tomorrow’s standard options.”
Eiffage has therefore launched a low-carbon strategy to shrink its own carbon footprint, leading by example, and reduce the emissions tied to its products and services, pushing the transition to a low-carbon economy. The different components of Eiffage’s strategy are described in detail in its climate report.
By implementing this strategy, the Group plans to achieve a 33% reduction of its greenhouse gas emissions by 2030, compared to a business-as-planned (BAP) scenario with projected annual growth of 2.4%.
The climate report covers the following areas:
- the incorporation of climate change at the company’s highest level, by the CEO and the Board of Directors
- the management of the physical and transition risks related to climate change
- the strategy chosen to align with an average global warming limit and the opportunities created for sustainable business activities, whose gro ;;wth must be accelerated
- the tools implemented to monitor and assess the global deployment of Eiffage’s low-carbon strategy
Eiffage’s climate report is available on the company’s website