Stantec reports $3.9 billion of 2023 revenue aligned with Sustainable Development Goals in 17th annual Sustainability Report

Company directs sustainability-linked loan savings to Indigenous nonprofits addressing climate action

EDMONTON, Alberta and NEW YORK, April 02, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN 

Stantec, a global leader in sustainable design and engineering, released its 17^th annual Sustainability Report and announced that $3.9 billion (61 percent) of its 2023 gross revenue was generated from work supporting core United Nations Sustainable Development Goals (SDG). This reflects a $500 million increase from 2022, and a $1.9 billion increase since Stantec began tracking SDG revenue in 2019.

Stantec’s Sustainability Report highlights the Company’s contributions to and focus on sustainability for its primary stakeholders, including employees, investors, clients, and communities.

“Sustainability is authentically and purposefully embedded in our business, our practice, and our culture,” said Gord Johnston, Stantec president and chief executive officer. “Our collective achievements outlined in our Sustainability Report, including the continued growth in our SDG-aligned revenue, reflect our commitment to building a resilient, inclusive, and sustainable future for all the communities we serve.”

Stantec’s 2023 Sustainability Report celebrates several key milestones and corporate achievements, including:

• Stantec achieved operational carbon neutrality for the second year in a row and committed to the Canada Net Zero Challenge.
• Stantec released its 2024 – 2026 Strategic Plan. The Company updated its strategic growth initiatives, which have a direct connection to climate action, demonstrating Stantec’s commitment to reinforcing sustainability into the Company’s business and culture.
• Stantec ranked number one in its peer group in the Corporate Knights Global 100 most sustainable companies rankings, which recognize business practices based on environmental, social, and governance (ESG) indicators. This was Stantec’s 5^th year on the Global 100 list. Stantec was recognized by CDP for climate-related progress, with an A- rating for the 6^th consecutive year.
  

Stantec also announced it met the first-year terms of its Sustainability-Linked Loan and donated the accumulated savings to Indigenous-led nonprofits addressing climate action. With guidance from the Company’s Indigenous Relations teams, the following nonprofit organizations were selected to receive these donations:

• Alliance for Tribal Clean Energy (United States)
• First Nations Clean Energy Network (Australia)
• Indigenous Clean Energy (Canada)
• Indigenous Housing Partnership, Habitat for Humanity (Canada)
• Te Tira Whakamātaki (New Zealand)