BAM recognised for leading efforts against climate change
7th December 2021
Bunnik, the Netherlands, 7 December 2021 – For the third consecutive year, Royal BAM Group nv has been commended for its climate action, achieving a place on CDP’s prestigious ‘A List’ for climate change.
The Climate Change A List is published by CDP each year, alongside the A Lists for leadership on protecting forests and water security. They name the world’s businesses leading on environmental performance. This year, CDP recognised 200 corporates acting on climate change and building a future economy that works for both people and planet.
BAM was recognised for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy, based on the data reported by the company through CDP’s 2021 climate change questionnaire.
CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over US$110 trillion in assets and 200 major purchasers with US$5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 13,000 companies responded.
Ruud Joosten, CEO of Royal BAM Group: ‘The inclusion in CDP’s Climate Change A list is one of the key objectives of our strategic plan 2021-2023, ’Building a sustainable tomorrow’. It is a clear illustration of BAM’s ambitious carbon reduction targets and of the progress we made so far. We have delivered a strong year-on-year reduction in our carbon footprint, driven by initiatives, such as electric transport, purchasing green electricity and electrification of construction sites and equipment. We consider it as an incentive for the transparency of our reporting, including insight into climate risks and opportunities for BAM.’
The full list of companies that made this year’s CDP A List is available here, along with other publicly available company scores: www.cdp.net/en/companies/companies-scores.
The full methodology and criteria for the A List is available on CDP’s website at: www.cdp.net/en/companies/companies-scores.
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 14,000 organisations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalisation, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit www.cdp.net or follow us @CDP to find out more..