Balfour

Balfour, a UK-based Engineering Services firm, reported its most recent carbon emissions for 2025. Total Scope 1, 2, and 3 emissions amounted to approximately 4.12 billion kg CO2e. This includes Scope 1 emissions of 132.02 million kg CO2e, Scope 2 market-based emissions of 8.36 million kg CO2e (or 13.25 million kg CO2e location-based), and Scope 3 emissions of 3.99 billion kg CO2e. A significant portion of its Scope 3 emissions came from purchased goods and services, totalling 3.68 billion kg CO2e, and upstream transportation and distribution, at 98.44 million kg CO2e.

Looking back, Balfour's total emissions have shown fluctuation. In 2024, total emissions were approximately 5.84 billion kg CO2e, with Scope 1 at 130.88 million kg CO2e, Scope 2 market-based at 12.83 million kg CO2e, and Scope 3 at 5.7 billion kg CO2e. This represents a reduction from 2024 to 2025. In 2023, the company's total emissions were approximately 3.98 billion kg CO2e, comprising Scope 1 emissions of 132.59 million kg CO2e, Scope 2 market-based emissions of 12.13 million kg CO2e, and Scope 3 emissions of 3.85 billion kg CO2e.

Balfour has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). The company aims for a 42% absolute reduction in Scope 1 and 2 GHG emissions by 2030, using a 2020 baseline. Additionally, it commits to a 25% absolute reduction in Scope 3 GHG emissions from purchased goods and services and investments within the same timeframe. For the long term, Balfour Beatty plc is committed to achieving net-zero greenhouse gas emissions across its entire value chain by 2050. This includes a 90% absolute reduction in Scope 1 and 2 GHG emissions by 2050, and a 90% absolute reduction in Scope 3 GHG emissions by 2050, both from a 2020 base year. These targets indicate a strong dedication to decarbonisation efforts.