GlobalData offers a comprehensive analysis of Arcosa, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Arcosa‘s ESG performance. GlobalData’s company profile on Arcosa offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Arcosa, a leading provider of infrastructure solutions, has committed to achieve a target of a 10% reduction in Scope 1 and 2 emissions intensity by the end of 2026, compared to 2020 baseline. The company aims to reduce its carbon footprint by sourcing 50% or more of recycled steel for its manufacturing processes, reducing landfill use. Arcosa has also taken steps to reduce its greenhouse gas emissions, including implementing energy efficiency measures and investing in renewable energy plans for its high electricity-use businesses. In 2022, the company exceeded its Scope 1 and 2 emissions targets ahead of schedule by reducing the emissions intensity of its operations by 19% compared to its 2020 baseline. The company’s Scope 1 and Scope 2 GHG emissions were reported at 491 and 101 (GHG in metric tonnes of CO2 equivalents) respectively in 2022. Arcosa’s latest filings mentioned the keywords ‘Emissions’ and ‘Recycled’ most number of times in relation to ‘Climate Change’.
Arcosa's sustainability program is driven by the belief that practical, business-focused energy management is the foundation for GHG emissions reductions. The company's product lines, including wind towers and utility structures, benefit from electrification and renewable infrastructure build-out. Arcosa's recycled aggregates business provides an alternative to using natural resources by recycling concrete, asphalt, steel, and asphalt shingles, minimizing landfill use and reducing roadway traffic and vehicle emissions. The company has also provided mitigation strategies and relevant business opportunities for each identified climate-related risk in its TCFD recommended disclosure section.
Arcosa's commitment to environmental responsibility is reflected in its alignment with select United Nations Sustainable Development Goals (UN SDGs), including Good Health and Wellbeing, Gender Equality, Reduced Inequalities, Responsible Consumption and Production, Climate Action, and Peace, Justice, and Strong Institutions. The company's long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets are discussed in its sustainability report.
In conclusion, Arcosa's investments in emission reduction have resulted in a reduction of its GHG emissions intensity significantly. The company's focus on energy management and renewable energy plans for its high electricity-use businesses aligns with its commitment to environmental responsibility. While Arcosa acknowledges that energy management will not eliminate all emissions, it remains the company's first priority.