Climate Change

Climate change

Addressing climate change issues

Heightened public concern and international pressure make climate change one of the most significant sustainability issues facing Canada today. In order to understand and mitigate our impact on climate change, one of our goals is to track our carbon footprint and invest in actions to reduce it. We do this by capturing data related to our energy use and the sources of our greenhouse gas (GHG) emissions, such as the energy consumed by the many buildings we occupy, business travel and, new this year, our paper consumption. In FY14, the GHG emissions related to our Canadian operations were as follows:

  • 4,432 tonnes of carbon dioxide equivalent (tCO2e) from buildings operations (Scope 1 and 2 emissions from natural gas, oil and electricity use)
  • 7,872 tCO2e generated by our business travel (Scope 3 emissions from air travel, rail travel, car rental and hotel nights)
  • 506 tCO2e from the amount of paper we purchased

In addition to understanding our environmental impact, we continued to work to understand how climate change impacts our business and operations as well as our clients, from both a physical and regulatory standpoint throughout FY14. This holistic approach drives how our Sustainable Business Solutions practice works with our clients, to both identify social and environmental risks, and to uncover opportunities to reduce their broader sustainability impacts while ensuring they are in compliance with national and global standards and regulatory requirements.

Energy and carbon reduction strategy Our plan to reduce our carbon footprint is described in detail in our Energy and Carbon Reduction Strategy, which was introduced in the beginning of FY12. We had experienced both successes and challenges during FY14 as we worked through the implementation process related to our third year under this strategy. We will build upon this experience to continue to reduce our environmental footprint through the introduction of an Environmental.

Management Plan. This plan, which will be finalized in FY15, will be used to further reduce our energy consumption and GHG emissions and will provide an accounting and reporting framework based on the principles of relevance, completeness, consistency, transparency and accuracy. The Environmental Management Plan will rely on three levers to realize the strategy; these include systems and behavior, employee engagement and leadership support. We will report on this plan and our progress next year.