Our sustainability strategy
We have further developed the sustainability component of our strategy. Our purpose is to build a sustainable tomorrow. With the new sustainability strategy, we take ownership of fulfilling this purpose. The sustainability strategy forms an integral part of our 2023 corporate strategy to de-risk our portfolio and move towards product leadership and lifecycle solutions. It enables us to reduce carbon, resource and waste footprint and offer clients scalable sustainability solutions.
We see a strong drive for sustainable construction in our markets. Clients and the markets increasingly require us to take responsibility for both social and environmental sustainability. Our product leadership is key to offer scalable sustainable solutions. Lifecycle solutions provide an opportunity to reduce the company’s footprint. Sustainability will be a differentiator for growth.
Climate change impacts intensify across the globe. The temperature rises due to global warming. Raw materials become scarce due to the increasing demand. Costs to repair damages caused by extreme weather rise, and the number of plant and animal species reduce due to urban expansion. In addition, societal challenges need to be adressed. Unhealthy and unsafe living environments affect physical and mental health, and inequality in opportunities limits diversity and inclusiveness.
Positive impact on people and planet
All these global challenges and developments affect and impact the construction industry. We underline the importance of these challenges and developments. We want to be a leader in the sector to create a socially and environmentally sustainable environment. We analysed the global challenges and developments in legislation, clients and the construction market. These results in combination with the results of our materiality assessment were used to define six key themes for the sustainability strategy.
With this sustainability strategy we continue to support and encourage clients to accelerate their sustainability goals. In the coming years we will work with value chain partners and other stakeholders to fully leverage our contribution to the six integrated planet and people themes and continue the journey towards a positive impact on people and planet.
Our sustainability themes
We recognise the importance of reducing scope 3 emissions given their significant impact. In order to do so, we first aim to improve the measurement of scope 3 emissions, which is complex in the construction industry. For 2030 we target to reduce the absolute scope 3 emissions by 50 per cent compared to 2019. We also accelerate the reduction of scope 1 and 2 emissions and aim for a 80 per cent reduction by 2026 compared to 2015.
Resource depletion is an important factor in using the earth’s sources and a major driver of polluting emissions. We aim to reduce the use of virgin non-biobased materials by 50 per cent in 2030 versus 2019. On the short term we target to improve visibility of material use and offer options to construct in a circular way. We also continue to reduce the construction and office waste created in its production process.
Our main abilities to mitigate the effects of climate change are to include climate adaptive measures in our construction projects. Our aim is to offer climate adaptive measures enabling our clients to choose options that enable their assets to become climate adaptive.
The continuously increasing loss of species is a serious threat for our planet. The construction industry can play an important role in reversing this trend and we aim to have an overall positive biodiversity impact by 2030. In the short term and medium term we will focus on improving the measurement of biodiversity impact on the one hand and offering clients biodiversity improvement alternatives in their projects.
Safety, health and inclusion
We considers safety fundamental for all of our operations. We have used Incident Frequency as a key indicator for a long time now. We are also exploring to focus more on improving leading indicators. For health and inclusion, we aim for more balanced gender representation. This does however not exclude more broader diversity improvements. We believe that more diversity only adds value in an inclusive environment, we further focuse on improving the return on inclusion score.
We consider a better world both from a planet and a people perspective and therefore we aim to add a social value when constructing our projects. In the United Kingdom we use the TOMS model and for the Netherlands, we aim to develop a comparable model that supports clients, other stakeholders and us to measure the social impact of our projects.