MONTREAL, May 22, 2024 (GLOBE NEWSWIRE) -- WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) today released its 2023 Global ESG Report, detailing the Corporation’s environmental, social, and governance (“ESG”) commitments and related performance. WSP’s steadfast commitment to sustainability and innovation is highlighted throughout the report as the Corporation demonstrates the strides it has made towards its short- and long-term ESG objectives.
“In 2023, we continued to progress on our targets while also enabling our clients to make a lasting difference where it matters most for our communities,” said Alexandre L’Heureux, President and CEO of WSP. “I am proud of our performance and optimistic about what we already have underway this year as we work towards delivering our ambitious ESG objectives and plan our next chapter of sustainable growth.”
Highlights from the 2023 Global ESG Report include:
- Reported SDG-Linked Revenues1 of approximately 63.4% of total annualized gross revenues, up from 2022.
- Reduced total scope 1, scope 2 (market-based) and scope 3 GHG emissions by 21%, compared to its 2018 base year.
- Increased global average employee retention rate by just over 1% year-over-year.
- Filled 76% of global leadership positions internally.
- Conducted its first double materiality assessment.
- Received first placements on both the Dow Jones Sustainability North America Index and Corporate Knights’ 2024 Global 100 Most Sustainable Corporations in the World.
WSP continues to leverage its Future Ready®2 program to make a tangible impact in local communities across the globe through its client work.
“In a rapidly changing world, deep multidisciplinary expertise, ingenuity and innovation are needed to create a more resilient and prosperous future, and WSP wholeheartedly embraces that challenge,” said André-Martin Bouchard, Global Director, Earth & Environment and Global Executive Director, ESG at WSP. “From designing net zero buildings to improving urban mobility and restoring biodiversity, our teams delivered on impact in 2023, and their valuable project work shines bright in our latest report.”
To read WSP’s 2023 Global ESG Report and to learn more about the Corporation’s ESG initiatives, please visit wsp.com/ESG-report.
ABOUT WSP
As one of the largest professional services firms in the world, WSP exists to future-proof our cities and our environment. It provides strategic advisory, engineering and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water and mining sectors. Its 67,200 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities it serves through a culture of innovation, integrity and inclusion. In 2023, WSP reported $14.4 B (CAD) in revenue. The Corporation’s shares are listed on the Toronto Stock Exchange (TSX: WSP).
FORWARD-LOOKING STATEMENTS
Certain information regarding WSP contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, strategic ambitions, objectives, expectations, opinions, forecasts, projections, guidance, outlook or other statements that are not statements of fact. Forward-looking statements made by the Corporation in this press release include statements about WSP’s ESG commitments and objectives, including as set forth in the 2023 Global ESG Report; WSP’s commitment to sustainability and innovation; and WSP’s impacts on clients and communities. These forward-looking statements are based on a number of assumptions believed by the Corporation to be reasonable at the date of this press release, including assumptions about our ability to implement and maintain effective ESG management systems and processes; the continuation of supportive stakeholder engagement and collaboration; the sufficiency of internal and external resources; client demands; general economic and political conditions; and the state of the global economy and the economies of the regions in which the Corporation operates. Although WSP believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. WSP's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The complete version of the cautionary note including the risk factors, which, if realized, could cause the Corporation's actual results to differ materially from those expressed or implied in forward-looking statements, is included in WSP's 2023 ESG Report. The forward-looking statements contained in this press release are made as of the date hereof and WSP does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Alain Michaud
Chief Financial Officer
WSP Global Inc.
Phone: (438) 843-7317
alain.michaud@wsp.com
1 For further information, see “SDG-Linked Revenues” in WSP’s 2023 Global ESG Report. To reflect the pro forma impact of WSP’s acquisitions, annualized revenues include 12 months of revenues from businesses acquired in 2023.
2 Future Ready® is a registered trademark of WSP Global Inc. in Canada, Colombia, the United States and New Zealand. WSP Future Ready (logo)® is a registered trademark of WSP Global Inc. in Europe, Australia and the United Kingdom.
