BAM recognised for leading efforts against climate change
Bunnik, the Netherlands, 6 February 2024 – For the fifth consecutive year, Royal BAM Group nv has been recognised for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on its annual ‘A List’.
Based on data reported through CDP’s 2023 Climate Change questionnaire, BAM is one of a small number of companies that achieved an ‘A’ - out of over 21,000 companies scored.
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. In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 23,000 companies responded.
Ruud Joosten, CEO of Royal BAM Group: ‘I am proud that BAM has achieved for the fifth consecutive year a place on CDP’s prestigious A list for climate change. It is one of our key strategic objectives and 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 the use of HVO (hydrotreated vegetable oil) as a carbon-saving fuel source in an intermediate stage towards the further 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: https://www.cdp.net/en/companies/companies-scores.
About CDP
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 740 financial institutions with over $136 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 24,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization - 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 cdp.net or follow us @CDP to find out more.
Further information:
- Analysts: Michel Aupers, +31 (0)30 659 89 88, michel.aupers@bam.com;
- Press: Bert Ooms, bert.ooms@bam.com, or Arno Pronk, arno.pronk@bam.com, +31 (0)30 659 89 88.
