Construction News

Wed October 28 2020

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Kier commended for climate change disclosure

12 Oct 10 Kier, the construction, property and support services group, has been commended by the Carbon Disclosure Project (CDP), which represents 534 institutional investors with $64 trillion in assets under management, for its approach to climate change disclosure.

For the second year, Kier Group responded to the CDP, this time scoring 77. Being among the top 10 per cent of the FTSE350 in respect of carbon disclosure, Kier is now one of only 37 companies named on the Carbon Disclosure Leadership Index. This index, a key component of CDP’s annual FTSE 350 Report, highlights the constituent companies within the FTSE 350 Index that have displayed the most professional approach to corporate governance in respect of climate change disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company.

The index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP, provides an evaluation tool for institutional investors. In 2010, it comprises 38 constituents of the FTSE 350 Index based on analysis of the responses to CDP’s 2010 questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.

Paul Dickinson, executive chairman of the Carbon Disclosure Project, commented: “The Carbon Disclosure Leadership Index recognises companies that demonstrate good internal data management practices for understanding greenhouse gas emissions, including energy use. Companies that make this index have also demonstrated clear consideration of how climate change will impact their business. As companies’ understanding of climate change issues grows, they are better placed to take positive action to manage and mitigate its risks.”

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Kier Group chief executive Paul Sheffield commented: “To receive such recognition of good corporate governance in terms of climate change is an achievement of which we are particularly proud. As the only FTSE350 company from the construction sector named on the Leadership Index, we see this as a welcome opportunity to demonstrate to our shareholders our degree of commitment to addressing climate change within our business.”

Image: Defra Alnwick

Image shows Lion House in Alnwick, constructed by Kier North East for Defra, which was the first building to be awarded a post-construction BREEAM rating of Outstanding. Lion House is an ultra low emissions office project, designed to achieve exemplary standards of sustainability and environmental performance. The net zero carbon project, which achieved the highest BREEAM rating in the UK in 2008 (80.72%), holds an A+ Energy Performance Certificate with an overall CO2 index of -14.

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