BAM commits to halving emissions by 2030
Bunnik, the Netherlands, 7 May 2019 - Royal BAM Group nv has set a new science-based target for greenhouse gas emission reduction. BAM has committed to reduce the CO2 intensity of its operations by 50 per cent in 2030 compared to 2015. The target has been approved by the Science-Based Targets initiative (SBTi) and is aligned with the Paris climate agreement. BAM is one of the first companies in the construction industry and joins a limited group of 204 global companies with validated science-based targets.
The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for nature (WWF). Science-Based Targets (SBTs) are business goals to stay within the 2°C temperature rise and are the scientific framework for the transition to a low-carbon economy.
BAM aims to reduce its CO2 footprint through energy efficiency measures, early grid connection on projects and decarbonisation of its vehicle fleet. Furthermore, BAM has committed to purchase 100 per cent of electricity from renewable sources. BAM has also committed to work together with partners to drive CO2 reductions through its value chain.
Nitesh Magdani, Group Director of Sustainability at Royal BAM Group: ‘This medium term CO2 reduction target will influence BAM to drive innovative solutions for our own operations as well as products and services which we provide to others. This target supports our efforts to reduce CO2 emissions in our business and through our value chain, and paves the way to meeting our strategic target for a net positive impact by 2050. We hope this motivates others as well to achieve the level of impact needed. We can only do this together!’