Climate Change: WSP Publishes First TCFD Report
WSP continues to advance on its commitments as it publishes its first standalone Task Force on Climate-related Financial Disclosures (TCFD) report, which addresses the potential impacts of climate change on our business.
The TCFD is one of the most widely used frameworks for reporting on climate-related financial risks and opportunities. Aligned with our 2022-2024 Global Strategic Action Plan, this dedicated report highlights how we are embedding climate-related considerations into our operations, and spans TCFD's four key elements: Governance, Strategy, Risk Management, and Metrics and Targets.
"Impacts of climate change are observed globally across different sectors crucial to society and economy — such as human health, water, energy and food security, and infrastructure, including people’s homes. While this will become increasingly complex and disruptive, in our work at WSP we can in fact help alleviate the impacts, and this is core to our purpose," says André-Martin Bouchard, Global Director, Earth & Environment and Global Corporate Director, ESG. "We aim to be transparent regarding the risks we may face, as well as the considerable opportunities we have to support the transition to a low-carbon economy globally," he added.
As well as our commitment to achieve net zero emissions across our value chain by 2040, we have the potential to accelerate decarbonization through our professional design and advisory services. In 2021, WSP committed to better understand these emissions and collaborate with our clients and partners to drive emissions reductions.
We are supporting this by continuing to deploy our Future Ready approach globally throughout our project delivery process to contribute to climate change mitigation and promote positive social impact, as communities benefit from resilient, low-carbon infrastructure. The scale and diversity of our business mean that our impact can be substantial.
