RCS - Kier Group PLC - Green Economy Mark and SBTi certifications

KierAnnouncement

01/03/2024 07:00

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RNS Number : 9994E  Kier Group PLC  01 March 2024

1 March 2024

Kier Group plc

Green Economy Mark and SBTi certifications

Kier Group plc ("Kier" or the "Group"), a leading UK infrastructure services,
construction and property group, announces that it has met the criteria to
achieve the London Stock Exchange ("LSE") Green Economy Mark, and received
verification from the Science Based Targets initiative ("SBTi") for its
emissions reduction targets, including the commitment to reach net-zero across
the value chain by 2045.

Green Economy Mark

The global energy transition is a structural revenue driver for Kier, as
demonstrated by the attainment of the Green Economy Mark which requires 50% of
revenue to be derived from green products and services in line with the FTSE
Russell Green Revenues Classification System. Climate change is leading to
increased demand in Kier's existing end markets.

Science Based Targets

The Group is also pleased that the successful implementation of its Carbon
Reduction Plan has been recognised by the SBTi through the verification of its
range of targets, including net-zero carbon across scopes 1, 2 and 3 by 2045.

PAS 2080

The Group has also received PAS 2080 certification for our Infrastructure
Services and Construction segments. PAS 2080 is the leading standard for
carbon management solutions in buildings and infrastructure development. The
certification highlights Kier's commitment to designing and managing out
carbon from the lifecycle of UK infrastructure projects that we deliver for
our customers.

Andrew Davies, Chief Executive of Kier, commented:

 

"At Kier, our purpose is to sustainably deliver infrastructure which is vital
to the UK, and these combined achievements present a key milestone in our ESG
strategy. We believe that to be a responsible business, we must address the
impact of climate change, as well as leaving a lasting legacy in the
communities in which we operate."

Julia Hoggett, CEO, London Stock Exchange plc added:

 

"Congratulations to Kier Group on meeting the criteria to achieve the Green
Economy Mark. Green Economy Mark companies are key to accelerating the
transition to a more sustainable low carbon economy."

 

 

- ENDS -

 

For further information, please contact:

 Investor Relations                +44 (0)7933 388 746
 Kier Press Office                 +44 (0)1767 355 096
 Richard Mountain, FTI Consulting  +44 (0)203 727 1340

 

 

 

About Kier

Kier is a leading UK infrastructure services, construction and property group.

 

We provide specialist design and build capabilities and the knowledge, skills
and intellectual capital of our people ensure we are able to project manage
and integrate all aspects of a project.

 

We take pride in bringing specialist knowledge, sector-leading experience and
fresh thinking to create workable solutions for our clients across the
country.

 

Together, we have the scale and breadth of skills of a major company, while
retaining a local focus and pride that comes from never being far from our
clients, through a network of offices spanning across England, Wales, Scotland
and Northern Ireland.

 

For further information and to subscribe to our news alerts, please visit:
www.kier.co.uk (http://www.kier.co.uk)

 

Follow us on X (formerly Twitter): @kiergroup

 

Connect with us on LinkedIn: Kier Group

 

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