GlobalData offers a comprehensive analysis of Costain Group, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of net zero and associated ESG keywords, GlobalData delivers valuable information on Costain Group‘s ESG performance. GlobalData’s company profile on Costain Group 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.
Costain Group, a UK-based engineering solutions provider, has set a net-zero target for its operations by 2035. The company's greenhouse gas (GHG) emissions data is calculated in line with the GHG Protocol and is third-party accredited by Achilles in accordance with Toitu Carbon Reduce scheme and ISO 14064-1. Costain Group has not commissioned independent assurance of its sustainability management and reporting, except for carbon emissions. The company has 145 active projects, 34 commissioned projects, and a total backlog of 111. Costain Group’s latest filings mentioned the keywords ‘Emissions’ and ‘Climate Change’ most number of times in relation to ‘Net Zero’.
Costain Group is taking steps to reduce its emissions and achieve its net-zero targets. The company has created technical briefing notes (TBNs) providing clear and concise ways to reduce carbon on its projects. The TBNs cover topics such as minimizing the carbon impact of concrete and specifying sustainable steel. The company's engineers work alongside its environment and community team to minimize direct impacts such as noise and air pollution that may affect communities in which it works. Costain Group is a member of the schools working groups for carbon, social value, labor, and plant. In 2022, the company hosted 14 SMEs through its supply chain academy, helping to enhance skills and capabilities on a variety of topics, including commercial, HR, wellbeing, carbon, and inclusion.
In FY2022, the company’s Scope 1 emissions amounted to 6,634 mtCO2e, Scope 2 emissions amounted to 926 mtCO2e, and Scope 3 emissions from employee business travel amounted to 28,723 mtCO2e. In 2020, Costain launched its Climate change action plan which outlines the steps it is taking to be a net zero organisation by 2035 at the very latest. Its plan include of decarbonising its own operations, its solutions for customers and helping the UK on its journey to net zero. In 2022, the company implemented a Materials Mandate which includes five mandated actions to successfully reduce carbon on every project. Costain has hired two Volvo FE electric tippers, reducing tailpipe emissions to 0%. The two new Volvo electric wagons on this project have saved a combined 0.25 tCO2e per day.
In conclusion, Costain will continue to implement its Climate Change Action Plan to ensure it meets net zero carbon by 2035. The company delivers sustainable solutions by adopting circular economy principles to produce resource efficiency. In 2022, the company created a carbon materials working group to maximise opportunities to reduce carbon in the delivery of its contracts.