In the past two years, most of the UK’s largest construction firms have unveiled targets for cutting carbon emissions. However, with a distinct lack of standards, they can be tough to compare.
Zak Garner-Purkis investigates
In 2014, Interserve set itself a “big, hairy, audacious goal” – or BHAG, as ex-finance director Tim Haywood liked to call it.
The BHAG would see the contractor halve its carbon emissions by 2020 and, to achieve it, Haywood would do something unprecedented: as well as being Interserve finance director, he would also act as its head of sustainability.
The problem for Interserve was that its big, hairy, audacious goal was just that – too ambitious.
Major companies to have aligned their emissions reductions targets with climate science are collectively planning to invest more than $25.9bn in climate mitigation through to 2030, according to new analysis covering firms including Tesco and M.