Executive Summary
This report outlines the details of our Climate Transition Strategy, including our ambitious science-based net-zero commitments and emission reduction initiatives, our expanding portfolio of low-carbon products and our climate and environmental resilience and adaptation.
We outline the governance mechanisms and strategic decisions that have positioned KBR as a leader in the energy transition and development of a low-carbon economy through the delivery of our solutions and technologies.
Our intentional growth in energy transition projects, decarbonization, sustainable and circular economy technologies have steadily increased our revenue from these services, a trend highlighted in our Sustainability and Corporate Responsibility Report.
Strengthening our resilience by integrating climate and environmental risk strategies across our operations makes up a key part of this strategic direction. By aligning our plans with the Taskforce on Climate-related Financial Disclosures (TCFD) we’re embedding climate risks and opportunities into our business model to ensure long-term robustness and to capitalize on growth opportunities in climate response and adaptation.
Strengthening our resilience by integrating climate and environmental risk strategies across our operations makes up a key part of this strategic direction. By aligning our plans with the Taskforce on Climate-related Financial Disclosures (TCFD) we’re embedding climate risks and opportunities into our business model to ensure long-term robustness and to capitalize on growth opportunities in climate response and adaptation.
Our Climate Transition Plan objectives can be summarized as:
1. Achieve Net-zero Milestones - We are committed to achieving near-term net-zero by 2030 and full net-zero by 2050, setting ambitious targets that align with global climate goals
2. Decarbonization and Environmental Net Gain - We approach every project as an opportunity to drive decarbonization and deliver environmental net gains, ensuring that sustainability is embedded in all our operations
3. Innovating for Sustainable Growth - Through continuous innovation, we continue to create new solutions that foster sustainable growth for both our own operations and those of our customers
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