SNC-Lavalin Group Inc. is a Canadian multinational company that operates in the construction engineering services sector. The company was founded in 1911 and has since grown to become one of the largest engineering firms in the world. With a workforce of over 50,000 employees, SNC-Lavalin has a presence in more than 50 countries across the globe. The company is headquartered in Montreal, Quebec, Canada.
SNC-Lavalin is committed to decarbonisation and has set ambitious targets to reduce its carbon footprint. The company has pledged to reduce its greenhouse gas emissions by 40% by 2030, compared to its 2018 baseline. To achieve this target, SNC-Lavalin is implementing a range of measures, including energy efficiency improvements, the use of renewable energy sources, and the adoption of low-carbon technologies.
One of the key ways in which SNC-Lavalin is reducing its carbon footprint is through the use of corporate power purchase agreements (PPAs). A corporate PPA is an agreement between a company and a renewable energy provider, whereby the company agrees to purchase a certain amount of renewable energy at a fixed price over a specified period. By entering into a corporate PPA, SNC-Lavalin is able to secure a reliable source of renewable energy, which helps to reduce its reliance on fossil fuels.
SNC-Lavalin has already signed several corporate PPAs for renewable energy. In 2019, the company signed a 20-year agreement to purchase 55 megawatts of wind power from the Rivière-du-Moulin wind farm in Quebec. This PPA is expected to reduce SNC-Lavalin's greenhouse gas emissions by approximately 40,000 tonnes per year. In addition, the company has signed a PPA for 10 megawatts of solar power from a facility in Ontario.
SNC-Lavalin is also investing in renewable energy projects through its corporate energy division. This division is focused on developing and implementing energy solutions for clients across a range of sectors, including transportation, buildings, and industry. The division provides a range of services, including energy audits, energy management, and renewable energy project development.
One of the key projects undertaken by SNC-Lavalin's corporate energy division is the development of a solar energy system for the Montreal Olympic Stadium. The system consists of 6,000 solar panels and has a capacity of 2.5 megawatts. The system is expected to generate approximately 2.8 million kilowatt-hours of electricity per year, which is equivalent to the annual energy consumption of 500 homes. The project is part of SNC-Lavalin's commitment to reducing its carbon footprint and promoting the use of renewable energy.
In addition to its focus on decarbonisation and renewable energy, SNC-Lavalin is also committed to sustainability and social responsibility. The company has a comprehensive sustainability strategy, which includes targets for reducing waste, water consumption, and greenhouse gas emissions. The company also has a strong commitment to diversity and inclusion, and has implemented a range of initiatives to promote diversity and equality in the workplace.
SNC-Lavalin is also involved in a range of community initiatives and charitable projects. The company has a corporate social responsibility program, which includes support for local charities and community organizations. In addition, the company has a volunteer program, which encourages employees to give back to their communities through volunteering and charitable work.
In conclusion, SNC-Lavalin Group Inc. is a leading engineering firm that is committed to decarbonisation and the use of renewable energy. The company has set ambitious targets to reduce its carbon footprint and is implementing a range of measures to achieve these targets, including the use of corporate PPAs and the development of renewable energy projects. In addition, SNC-Lavalin has a strong commitment to sustainability and social responsibility, and is involved in a range of community initiatives and charitable projects.