Decarbonisation
Reduce carbon emissions to limit global warming and its effects
- 2023: -50% scope 1 and 2 CO2 intensity versus 2015 (Achieved with -56% reduction in 2023)
- 2026: -80% scope 1 and 2 CO2 intensity versus 2015
- 2030: -50% scope 3 CO2 emissions versus 2019
- Maintain CDP Climate A List position
BAM contributes to SDG 7 by decreasing direct and indirect carbon emissions through reducing energy use and making use of sustainable energy where possible. BAM’s scope 3 emissions by far outweigh scope 1 and 2 emissions, and tackling scope 3 emissions is a key part of BAM’s decarbonisation strategy. Scope 3 emissions are a consequence of the upstream and downstream operations outside the Company. Measuring and reducing these emissions is challenging as BAM has no direct control over these emissions and complexity is high due to the large number of suppliers and other partners in the value chain. BAM aims to first generate detailed insights into where the most significant emissions come from to continue collaborating with partners in the supply chain to reduce these emissions in the most effective way. The first steps are taken: the scope 3 emissions were published with limited assurance in the Annual Report 2023.