Climate Change Data

Environmental Metrics

ESG Focus Areas

• People
• Partners
• Planet

Environmental Achievements

• Completed a Greenhouse Gas Inventory covering Scope 1 and 2 emissions across facilities.
• Achieved a Bronze rating in the first EcoVadis assessment.
• Developed Sustainable Transportation Guidelines.
• TAS solar panel installation generated over 75,500 Kilowatt hours of electricity, resulting in a 2% reduction in purchased electricity and a cost savings of over $6,000.

Social Achievements

• Expanded diversity and inclusion initiatives enterprise-wide.
• Implemented CAUSE Mapping program, training 88 employees.
• 100% of operating locations established DEI action plans.
• Total 2021 Charitable Contributions: $981,394
• Participated in Construction Inclusion Week.

Governance Achievements

• Became a UN Global Compact signatory.
• Established a Sustainability Committee.
• Implemented a Supplier Code of Conduct.
• Published a Supplier Diversity Policy.

Climate Goals & Targets

Environmental Challenges

• Data gaps in GHG inventory due to acquisitions and lack of sufficient data from some facilities.
• Need to improve EcoVadis score.
• Need to expand climate-risk analysis.

Mitigation Strategies

• Collecting data across the organization to better understand and monitor waste and water impact.
• Planning to submit again to EcoVadis in 2022.
• Planning to expand disclosures and undertake additional climate-risk analysis in 2022.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• Environmental Policy
• Supplier Diversity Policy
• Sustainable Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (storms, droughts, extreme heat or cold, wildfires and floods)
• Increased insurance costs

Transition Risks

• Keeping pace with changing customer expectations and evolving technologies
• Legislation, regulations, and restrictions related to climate change

Opportunities

• Access to new markets or larger market share due to increased focus on energy efficiency and carbon emission reduction

Reporting Standards

Frameworks Used: GRI Standards: Core Option, SASB standards for the Engineering and Construction Services industry, TCFD, UN SDGs

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 8 (Decent work and economic growth)
• Goal 10 (Reduced inequalities)
• Goal 13 (Climate action)
• Goal 16 (Peace, justice, and strong institutions)

Alignment of material topics with SDGs and their targets is outlined in the report.

Sustainable Products & Innovation

• Modular engineered products for data centers, power plants, and other industries (TAS)

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Energy Efficiency
• Greenhouse Gas Emissions
• Employee Hiring and Retention
• Training and Development
• Occupational Health and Safety
• Diversity, Equity, and Inclusion
• Data Privacy and Cybersecurity
• Risk Management

Environmental Achievements

• Improved CDP Climate score from C- to C
• Maintained EcoVadis score and received a Bronze medal rating
• 14.7% decrease in energy intensity when comparing energy usage to annual revenue
• GHG intensity reduction of 15.2%

Social Achievements

• 3 percentage point decrease in employee turnover rate from 2022 to 2023
• 100% of corporate employees received regular performance reviews
• Hosted an HR/Recruiter Bootcamp
• 10% increase in board diversity from 2022 to 2023
• ColonialWebb received the Trailblazing Partnership Award for its supplier diversity efforts

Governance Achievements

• Executive compensation is directly linked to performance on safety, as well as objective, non-discriminatory diversity, equity, and inclusion metrics
• Conducted climate risk and water risk analysis
• Implemented a GHG accounting software to improve data tracking and accuracy

Climate Goals & Targets

Environmental Challenges

• 7.2% increase in energy usage from 2022 driven by company expansion
• 6.6% increase in absolute scope 1 and 2 GHG emissions compared to 2022 due to elevated demand and company growth
• Transition risks (evolving customer expectations, increased raw material costs, evolving legislation and regulations)
• Physical risks (extreme weather, temperature fluctuations, changing precipitation, sea level rise, water scarcity, winter storms, droughts, wildfires, floods)

Mitigation Strategies

• Improved company efficiencies to decrease energy intensity
• Implementation of a consolidated telematics solution within the fleet to improve fleet management, optimize cost savings, and lower environmental footprint
• Climate scenario analysis to understand implications of climate change and identify mitigation plans
• Integration of transition and physical climate risks into overall risk mitigation strategy
• Investment in and provision of innovative processes and technologies to clients to capitalize on market trends

Supply Chain Management

Responsible Procurement

• Supplier code of conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather patterns
• Temperature fluctuations
• Changing precipitation
• Sea level rise
• Water scarcity
• Winter storms
• Droughts
• Wildfires
• Floods

Transition Risks

• Evolving customer expectations and behaviors
• Increased raw material costs
• Evolving legislation and regulations

Opportunities

• Market expansion and increased market share through energy-efficient solutions

Reporting Standards

Frameworks Used: GRI Standards, SASB standards for the Engineering and Construction Services industry, TCFD framework, UN Global Compact

Third-party Assurance: N/A

UN Sustainable Development Goals

• SDG 4: Quality Education
• SDG 7: Affordable and Clean Energy
• SDG 8: Decent Work and Economic Growth
• SDG 10: Reduced Inequalities
• SDG 13: Climate Action
• SDG 16: Peace, Justice and Strong Institutions

Alignment of material topics with UN SDGs

Sustainable Products & Innovation

• High-efficiency building systems

Awards & Recognition

• ColonialWebb Trailblazing Partnership Award