BELFOR Property Restoration Canada and Carbonzero Collaborate on GHG Emissions Reduction Strategy
Carbonzero and BELFOR Property Restoration Canada are building on their existing partnership that centres around measuring the company’s greenhouse gas emissions to establish a GHG Emissions Reduction Strategy for the company’s Canadian operations between 2022 and 2030.
BELFOR is now working to strengthen their commitment to the environment by going beyond measuring their climate impact and prioritizing actions to reduce GHG emissions through an emissions reduction strategy. The company is committing to setting a Science Based Targets Initiative (SBTi) approved target that aligns with a 1.5-degree Celsius warming scenario.
An SBTi-approved target is a validated GHG reduction target that commits to reduce emissions in line with a 1.5 degree warming scenario through operational GHG reductions. Businesses play a vital role in reducing GHG emissions and building a resilient economy, and by working towards an SBTi-approved target, BELFOR is demonstrating its commitment to the environment and a low-carbon future.
BELFOR’S GHG Emissions Reduction Strategy
The company’s partnership with Carbonzero will see BELFOR use the results from its GHG Inventory to identify an ambitious decarbonization pathway. The decarbonization pathway will focus on the following three elements:
· GHG Reduction Projects
· Renewable Energy Sourcing
· GHG Reduction Target-Setting
The results of BELFOR’s recent GHG Inventory indicate that fleet fuel consumption and waste generated through the company’s operations arethe two greatest contributors to emissions, together accounting for nearly 90% of the company’s emissions in 2021.
To address these impact areas, BELFOR will explore a fleet renewal and vehicle electrification program and is also exploring partnerships with third-party waste vendors and industry collaborators to assess opportunities to implement circular economy principles into the business.
“Throughout our engagement with BELFOR, we have been impressed with the company’s commitment to explore creative and meaningful climate solutions as it relates to BELFOR’s climate impact” says Liam Conway, VP Advisory Services at Carbonzero, “We’re excited to continue our work with BELFOR as the company accelerates its focus on decarbonization.”
As part of the strategy, BELFOR is also exploring Renewable Energy sourcing opportunities, in particular for the company’s real estate portfolio in provinces that are associated with carbon-intensive electricity grids. Through this lens, the company is evaluating a phased-in approach to sourcing Energy Attribute Certificates (EACs) in the form of Renewable Energy Credits (RECs) that will allow BELFOR to source renewable energy for its most carbon intensive real estate assets.
“By completing its GHG Inventory, BELFOR has gained valuable insight into how our operations affect the environment. With that in mind, BELFOR is looking forward to enacting operational change through a decarbonization lens with help from our partners at Carbonzero” – Derek Smeekens, Director of Operations.
By taking insights from its GHG Inventory and using its new understanding to build a corporate strategy that works to decarbonize company operations, BELFOR is making important strides to take meaningful climate action for the company and for the Property Restoration industry.
About BELFOR Property Restoration Canada
BELFOR is the international leader in disaster recovery and damage restoration company for both residential and commercial properties, operating in 24 countries. For properties affected by water damage, fire damage, storm damage or mould damage, BELFOR offers more services and solutions than any other restoration company. The company’s mission is to be the leading provider of value-added solutions to its customers; to provide a secure and career-oriented environment for its employees; and to provide a fair and equitable return to its shareholders, all with truth, fairness, and integrity.
Carbonzero was founded in 2006 and has risen to become a leader in the design and implementation of corporate carbon reduction strategies and solutions in the emerging low carbon economy. Carbonzero helps transform organizations by aiding them in assessing, reporting, and reducing their emissions. Our approach, tools and services ensure that our clients can cost-effectively meet their carbon auditing reduction commitments while developing the framework for implementation of reduction activities.