Contractor says some metrics can ‘disguise’ how well a firm is doing 

Bam is accelerating its net zero target to 2026 with the firm saying the aim is more ambitious than its original target to reduce its direct emissions intensity by 80% by 2026 from 2015 levels.

Bam also said it was ruling out counting electricity from green energy tariffs towards its net zero emissions and said it would not be relying heavily on carbon offsets.

The company added that it was “committed to openness and not relying heavily on carbon offsets which [we] believe can disguise more substantial progress in how a company is acting”.

Bam (3)

Bam is not counting certain net zero metrics ‘in order to be as open as possible’

It said the new commitments will include not just direct scope 1 and scope 2 emissions that are associated with fuels and energy use but also select scope 3 emissions such as water consumption, staff transport and emissions arising from using hotels.

The firm’s UK and Ireland chief operating officer John Wilkinson said: “The whole industry needs to challenge itself, work together, and assist its clients and supply chain to make faster progress too.

“There is no room for or advantage in disguising or hiding performance. Vague data is useless, so science-based, transparent information and a healthy dose of honesty are part of the medicine.

“The other red herring is offsetting. We cannot rely on planting trees elsewhere in the world to cover up our own emissions. Although these have a role to play in the short term, we must drive these down ourselves and face up to our responsibilities.”

Bam also said it was looking to reduce its reliance on grid electricity usage and that it was supporting the use more renewable energy generation.