GlobalData offers a comprehensive analysis of Granite Construction, 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 Granite Construction‘s ESG performance. GlobalData’s company profile on Granite Construction 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.

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Granite Construction, a construction company, has set a goal to attain net zero carbon emissions within the processes of both asphalt production and construction activities by the year 2050. The company recognizes the importance of reducing emissions and acknowledges the potential risks associated with climate change. It is committed to taking action to mitigate these risks and contribute to a more sustainable future.

Granite Construction is focused on reducing its scope 1, scope 2, and scope 3 emissions. Scope 1 emissions refer to direct emissions from company-owned or controlled sources, scope 2 emissions include indirect emissions from purchased electricity, and scope 3 emissions encompass all other indirect emissions in the value chain. In 2022, Granite Construction disclosed its carbon dioxide equivalents (CO2e) in metric tons, revealing 205,993 metric tons for Scope 1 emissions and 22,868 metric tons for Scope 2 emissions. The Scope 3 emissions attributed to business travel amount to 10,530 metric tons of CO2e.

Granite Construction has already taken steps to reduce its emissions and is expected to continue doing so in the future. The company acknowledges that policy changes and regulations related to emissions could impact project costs and potentially delay or prevent projects. It is also aware of the growing public concern about climate change and the increased focus on emissions by regulatory bodies.

In terms of achievements, Granite Construction has reported its GHG emissions for scope 1 and scope 2. The company has disclosed its gross global scope 1 emissions, which include emissions from various sources such as materials facilities, equipment fleet, heating, and inliner processing. Granite Construction aims to achieve a 25% reduction in total Scope 1 greenhouse gas (GHG) emissions by the year 2030 compared to the baseline established in 2020. It has also provided data on air emissions of pollutants like NOx, SOx, particulate matter, VOCs, and CO.

To manage its emissions, Granite Construction has developed long-term and short-term strategies. The company has set emissions reduction targets and analyzes its performance against those targets. It is also focused on managing life cycle emissions and has implemented measures to improve air quality and energy management.

In conclusion, Granite Construction is committed to achieving net-zero emissions by 2050 and is taking steps to reduce its scope 1, scope 2, and scope 3 emissions. The company recognizes the risks associated with climate change and is actively working towards a more sustainable future.

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