Publication / 13 Jun 2016

Science-based Carbon Targets

How construction companies can prepare for business in a low-carbon world.

Trucost examines how construction companies can set carbon reduction targets that will help limit global warming to two degrees and create new business opportunities in the transition to a low-carbon economy.

Could construction firms lose new contracts by failing to demonstrate their alignment with government commitments to keep global warming below 2°C? Are properties with carbon intensive technologies at risk from asset stranding? Will construction companies suffer reputational damage as NGOs and media put the spotlight on sustainability laggards? Will construction companies be hit by future costs from carbon regulation?

To avoid these risks, construction companies need to set science-based targets that reflect the UN Paris climate agreement and carbon reduction plans for countries in which they do business. But only one European construction company out of ten of the largest publicly listed construction and cement companies assessed has set a target which is ambitious enough to achieve the Paris climate agreement to limit global warming to 2°C.

 

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