03:45:23 EDT Wed 01 May 2024
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WSP Global Inc
Symbol WSP
Shares Issued 124,624,221
Close 2023-05-09 C$ 179.39
Market Cap C$ 22,356,339,005
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WSP Global releases 2022 ESG reports

2023-05-10 11:04 ET - News Release

Mr. Alexandre L'Heureux reports

WSP RELEASES ITS 2022 GLOBAL ESG REPORT: PURPOSEFUL IMPACT

WSP Global Inc. has released its 2022 global ESG (environmental, social, governance) report, detailing the corporation's ESG commitments and related performance. The report further highlights WSP's journey to have a purposeful and positive ESG impact on its employees, clients and the communities where it operates.

"ESG is core to our strategy and in 2022, we continued to make great strides towards achieving our objectives," stated Alexandre L'Heureux, WSP's president and chief executive officer. "I take pride in our progress to reduce our own carbon impact, strengthen our people metrics and further reinforce our governance. We are committed to leading by example and will continue to report on our actions and performance with rigour and transparency."

The 2022 global ESG report emphasizes WSP's efforts to decarbonize its operations and to encourage its partners and clients to do the same. Results on important social and governance metrics are also highlighted, along with inspiring stories from WSP's worldwide business units, underscoring their support for local communities, initiatives to promote biodiversity and projects contributing to the UN Sustainable Development Goals (SDGs).

"At WSP, we are committed to safeguarding and enhancing the built and natural environments. We also recognize that the biggest impact we can make is through our client work," said Andre-Martin Bouchard, global director, earth and environment and global executive director, ESG. "We now have a team of 23,000 highly skilled professionals in our environmental practice, and our capabilities in this area are global in scale and unparalleled in their depth. We are poised to deliver a wide selection of projects of varying degrees of complexity as we seek to lead the transition to a cleaner, low-carbon, biodiverse world."

Additional highlights in the report include:

  • WSP's SDG-linked revenues accounted for 59.3 per cent of total annualized gross revenues in 2022.
  • Total scope 1, scope 2 (market-based) and scope 3 greenhouse gas emissions were reduced by 26 per cent in 2022, compared with its 2018 base year.
  • WSP was among the leading companies to obtain SBTi approval for its net-zero GHG emissions reduction target.
  • WSP's goal to achieve a 5-per-cent annual increase in the representation of women and underrepresented groups in WSP's work force was achieved in 2022.
  • Charitable donations totalling $3.9-million were made in 2022, and WSP's employees gave their time in volunteering and pro bono activities in local communities.
  • ESG criteria were fully integrated into the compensation of WSP's global leadership.
  • WSP unveiled its biodiversity statement, a set of guiding principles aimed at enabling WSP to engage with clients to protect, restore and enhance ecosystems.

WSP also recently published its "Managing our ESG Impacts" document and released today an updated version of WSP's Task Force on Climate-related Financial Disclosures (TCFD) report, which provides information on the corporation's climate risks and opportunities.

About WSP Global Inc.

As one of the largest professional services firms in the world, WSP exists to future-proof cities and the environment. It provides strategic advisory, engineering and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water and mining sectors. Its 67,000 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities it serves through a culture of innovation, integrity and inclusion. In 2022, WSP reported $11.9-billion in revenue. The corporation's shares are listed on the Toronto Stock Exchange (WSP).

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