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Quanta Services Releases 2023 Sustainability Report

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Quanta Services has released its 2023 Sustainability Report, titled 'Forging the Future'. The report highlights Quanta's role in enabling the energy transition and its vision to create a sustainable legacy. It includes climate goals aimed at growing positive societal impact while reducing operational carbon intensity.

Key goals include:

  • Installing at least 100 GW of renewable energy generation capacity by 2035 or earlier
  • Reducing scope 1 CO2 intensity by at least 30% by 2040 or earlier
  • Sourcing renewable energy equivalent to electricity consumption at North American facilities

The report provides transparency on Quanta's sustainability strategy and progress in 2023. CEO Duke Austin emphasized the company's dedication to a sustainable future and collaboration with customers on the energy transition.

Quanta Services ha pubblicato il suo Rapporto sulla Sostenibilità 2023, intitolato 'Forging the Future'. Il rapporto mette in evidenza il ruolo di Quanta nel facilitare la transizione energetica e la sua visione di creare un'eredità sostenibile. Include obiettivi climatici volti a incrementare l'impatto sociale positivo mentre si riduce l'intensità carbonica operativa.

Gli obiettivi principali includono:

  • Installare almeno 100 GW di capacità di generazione di energia rinnovabile entro il 2035 o prima
  • Ridurre l'intensità del CO2 di ambito 1 di almeno il 30% entro il 2040 o prima
  • Acquistare energia rinnovabile equivalente al consumo elettrico delle strutture nordamericane

Il rapporto fornisce trasparenza sulla strategia di sostenibilità di Quanta e i progressi nel 2023. Il CEO Duke Austin ha sottolineato la dedizione dell'azienda a un futuro sostenibile e alla collaborazione con i clienti nella transizione energetica.

Quanta Services ha publicado su Informe de Sostenibilidad 2023, titulado 'Forging the Future'. El informe destaca el papel de Quanta en la facilitación de la transición energética y su visión de crear un legado sostenible. Incluye objetivos climáticos destinados a aumentar el impacto social positivo mientras se reduce la intensidad de carbono operativa.

Los objetivos clave incluyen:

  • Instalar al menos 100 GW de capacidad de generación de energía renovable para 2035 o antes
  • Reducir la intensidad de CO2 de alcance 1 en al menos un 30% para 2040 o antes
  • Adquirir energía renovable equivalente al consumo eléctrico en las instalaciones de Norteamérica

El informe proporciona transparencia sobre la estrategia de sostenibilidad de Quanta y los avances en 2023. El CEO Duke Austin enfatizó la dedicación de la empresa a un futuro sostenible y la colaboración con los clientes en la transición energética.

Quanta Services는 'Forging the Future'라는 제목의 2023 지속 가능성 보고서를 발표했습니다. 이 보고서는 에너지 전환을 가능하게 하는 Quanta의 역할과 지속 가능한 유산을 창출하려는 비전을 강조합니다. 운영상의 탄소 집약도를 줄이는 동시에 긍정적인 사회적 영향을 확대하기 위한 기후 목표를 포함하고 있습니다.

주요 목표는 다음과 같습니다:

  • 2035년 또는 그 이전에 100GW의 재생 가능 에너지 생성 용량을 설치하기
  • 2040년 또는 그 이전에 1차 CO2 집약도를 최소 30% 줄이기
  • 북미 시설의 전기 소비량에 상응하는 재생 가능 에너지 조달하기

이 보고서는 Quanta의 지속 가능성 전략과 2023년의 진행 상황에 대한 투명성을 제공합니다. CEO Duke Austin은 회사의 지속 가능한 미래에 대한 전념과 에너지 전환을 위한 고객과의 협력을 강조했습니다.

Quanta Services a publié son Rapport sur la durabilité 2023, intitulé 'Forging the Future'. Le rapport met en lumière le rôle de Quanta dans la facilitation de la transition énergétique et sa vision de créer un héritage durable. Il inclut des objectifs climatiques visant à accroître l'impact social positif tout en réduisant l'intensité carbone opérationnelle.

Les principaux objectifs comprennent :

  • Installer au moins 100 GW de capacité de production d'énergie renouvelable d'ici 2035 ou avant
  • Réduire l'intensité des CO2 de scope 1 d'au moins 30 % d'ici 2040 ou avant
  • Se procurer de l'énergie renouvelable équivalente à la consommation électrique des installations nord-américaines

Le rapport offre une transparence sur la stratégie de durabilité de Quanta et les progrès réalisés en 2023. Le PDG Duke Austin a souligné l'engagement de l'entreprise en faveur d'un avenir durable et la collaboration avec les clients lors de la transition énergétique.

Quanta Services hat seinen Nachhaltigkeitsbericht 2023 mit dem Titel 'Forging the Future' veröffentlicht. Der Bericht hebt die Rolle von Quanta bei der Ermöglichung der Energiewende hervor und zeigt die Vision, ein nachhaltiges Erbe zu schaffen. Er enthält klimatische Ziele, die darauf abzielen, die positive gesellschaftliche Wirkung zu erhöhen und gleichzeitig die betriebliche Kohlenstoffintensität zu reduzieren.

Zu den wichtigsten Zielen gehören:

  • Bis 2035 oder früher mindestens 100 GW an Kapazität zur Erzeugung erneuerbarer Energien zu installieren
  • Die CO2-Intensität der Scopes 1 bis spätestens 2040 um mindestens 30% zu senken
  • Erneuerbare Energie in Höhe des Stromverbrauchs in nordamerikanischen Anlagen zu beziehen

Der Bericht bietet Transparenz über die Nachhaltigkeitsstrategie von Quanta und den Fortschritt im Jahr 2023. CEO Duke Austin betonte das Engagement des Unternehmens für eine nachhaltige Zukunft und die Zusammenarbeit mit Kunden bei der Energiewende.

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Includes Climate Goals Underscoring Quanta's Long-Term Ambition to Be a Critical Partner in Enabling the Energy Transition While Reducing the Carbon Intensity of Its Operational Footprint

HOUSTON, Sept. 30, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today the release of its 2023 Sustainability Report. The report, titled "Forging the Future," highlights Quanta's critical role in enabling the energy transition and the company's vision to leave a measurable, sustainable legacy on people and our planet, with a steadfast focus on employees, customers and communities. The report includes Quanta's goal to grow its positive impact on society through collaboration with its customers on the energy transition, while reducing the carbon intensity of its operations. The report also provides transparency around Quanta's sustainability strategy and how the company is measuring its continued progress in 2023. Please visit https://sustainability.quantaservices.com to access the microsite and report.

"I'm proud of the continued progress of our sustainability program over the past several years. We have laid the foundation for us to establish goals that illustrate our dedication to a sustainable future and the energy transition. By collaborating with our customers on the future of energy, we believe that achieving these goals will yield positive environmental, social and economic benefits. We want Quanta's legacy to include being a part of a sustainable energy future for all," said Duke Austin, Quanta's President and Chief Executive Officer.

Quanta's sustainability strategy is to grow its positive impact on society by, among other things, supporting the acceleration of renewable generation expansion and power grid infrastructure. Quanta has set three climate-related goals that span different time horizons and address what it believes are some of the most relevant areas of its business:

Energy Transition Impact

  • Install at least 100 GW of renewable energy generation capacity by 2035 or earlier.

Scope 1 Emissions Footprint

  • Reduce scope 1 CO2 intensity (gCO2 / revenues) by at least 30% by 2040 or earlier.

Scope 2 Emissions Footprint

  • Source renewable energy equivalent to the electricity consumption utilized at our North American facilities.

Further details about Quanta's goals, as well as additional sustainability data metrics detailing five-year performance trends, can be found in the 2023 Sustainability Report ─ available for download on Quanta's website.

About Quanta Services
Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, renewable energy, technology, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.

Cautionary Statement About Forward-Looking Statements and Information 
This press release (and any oral statements regarding the subject matter of this press release) contains forward-looking statements intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include, but are not limited to, statements relating to expectations regarding opportunities, technological developments, competitive positioning, future economic and regulatory conditions and other trends in particular markets or industries, including with respect to Quanta's increased operations in the renewable energy market and the transition to a reduced-carbon economy; expectations regarding Quanta's goals, targets, intentions, plans, strategies and opportunities; the potential benefits from, and future financial and operational performance of, acquired businesses; the impact or benefit of our technological developments and innovations; the business plans or financial condition of our customers, including with respect to the transition to a reduced-carbon economy; the development of and opportunities with respect to future projects, including renewable energy projects and other projects designed to support transition to a reduced-carbon economy, electrical grid modernization projects, upgrade and hardening projects, and larger transmission and pipeline projects and data center projects;  as well as statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts. These forward-looking statements are not guarantees of future performance; rather they involve or rely on a number of risks, uncertainties, and assumptions that are difficult to predict or are beyond our control, and reflect management's beliefs and assumptions based on information available at the time the statements are made. We caution you that actual outcomes and results may differ materially from what is expressed, implied, or forecasted by our forward-looking statements and that any or all of our forward-looking statements may turn out to be inaccurate or incorrect. Forward-looking statements can be affected by inaccurate assumptions and by known or unknown risks and uncertainties including, among others, market, industry, economic, financial or political conditions that are outside of the control of Quanta; trends and growth opportunities in relevant markets, including our ability to obtain future project awards;  Quanta's ability to generate internal growth; competition in Quanta's business, including the ability to effectively compete for new projects and market share, as well as technological advancements and market developments that could reduce demand for our services; the failure of existing or potential legislative actions and initiatives to result in demand for Quanta's services or budgetary or other constraints that may reduce or eliminate tax incentives or government funding for projects, including renewable energy projects, which may result in project delays or cancellations; inability to successfully identify, complete, integrate and realize synergies from acquisitions or retain key personnel from acquired businesses; the unavailability of, or increased prices for, materials, equipment and consumables used in our and our customers' businesses, including as a result of inflation; supply chain or production disruptions; governmental regulations on sourcing; the imposition of tariffs, duties, taxes or other assessments; and other changes in U.S. trade relationships with foreign countries and other risks and uncertainties detailed in Quanta's Annual Report on Form 10-K for the year ended Dec. 31, 2023, Quanta's Quarterly Reports on Form 10-Q for the quarters ended Mar. 31, 2024 and June 30, 2024, and any other documents that Quanta files with the Securities and Exchange Commission (SEC). For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Quanta's documents filed with the SEC that are available through the company's website at www.quantaservices.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at www.sec.gov. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Quanta further expressly disclaims any written or oral statements made by any third party regarding the subject matter of this press release.

Investors - Kip Rupp, CFA, IRC

Media – Liz James

Quanta Services, Inc.

FGS Global

(713) 341-7260

(281) 881-5170

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/quanta-services-releases-2023-sustainability-report-302261692.html

SOURCE Quanta Services, Inc.

FAQ

What are the main climate goals announced in Quanta Services' 2023 Sustainability Report?

Quanta Services (PWR) announced three main climate goals: 1) Install at least 100 GW of renewable energy generation capacity by 2035 or earlier, 2) Reduce scope 1 CO2 intensity by at least 30% by 2040 or earlier, and 3) Source renewable energy equivalent to electricity consumption at North American facilities.

How does Quanta Services plan to contribute to the energy transition?

Quanta Services (PWR) plans to contribute to the energy transition by supporting the acceleration of renewable generation expansion and power grid infrastructure. Their goal is to install at least 100 GW of renewable energy generation capacity by 2035 or earlier.

What is the title of Quanta Services' 2023 Sustainability Report?

The title of Quanta Services' (PWR) 2023 Sustainability Report is 'Forging the Future'.

By what percentage does Quanta Services aim to reduce its scope 1 CO2 intensity?

Quanta Services (PWR) aims to reduce its scope 1 CO2 intensity (gCO2 / revenues) by at least 30% by 2040 or earlier.

Where can investors find Quanta Services' 2023 Sustainability Report?

Investors can access Quanta Services' (PWR) 2023 Sustainability Report on the company's website at https://sustainability.quantaservices.com.

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