Company news

Brussels, September 30, 2024

BESIX RED proudly announces the release of its first Environmental, Social, and Governance (ESG) report, marking a significant milestone in the company’s journey towards sustainability. This comprehensive document underscores BESIX RED’s dedication to building a sustainable future in alignment with the latest European standards, including the Corporate Sustainability Reporting Directive (CSRD) 

Context of the Report

The ESG report details the performance metrics, initiatives, and achievements of BESIX RED from January 2023 to June 2024.

Targeted at all stakeholders—including investors, clients, employees, partners, and regulators—the report serves as a foundational reference for understanding BESIX RED’s actions and objectives while fostering constructive dialogue with those who share our vision for a sustainable future.

“Our methodology aligns with the most recent European recommendations, enabling us to measure and communicate our performance in coherence with emerging international standards,” said Gabriel Uzgen, CEO of BESIX RED. 

Why This Report?

The launch of this ESG report represents a pivotal step in BESIX RED’s sustainability journey, addressing two major objectives:

• Compliance: Ensuring adherence to new regulations.
• Transparency: Providing complete visibility into our initiatives, achievements, and future aspirations.

Challenges Ahead

One of the primary challenges faced by BESIX RED is the structuring and formalization of its sustainability initiatives. According to Laurent Sempot, Sustainability & ESG Advisor, “While ESG indicators are already well integrated into our projects, the creation of this report has allowed us to further structure our approach. Our strategies aim to reduce negative impacts while enhancing positive contributions both environmentally and socially.”

Key Highlights of the Report

The report focuses on three fundamental dimensions:

1. Environmental: Reducing our carbon footprint is our top priority. We have initiated concrete measures, such as transitioning to renewable energy and adopting sustainable resource management practices. We plan to measure our carbon footprint using the SBTi framework to establish a trajectory towards achieving Net Zero Carbon status.

    

2. Social: The wellbeing of our employees and local communities is our crore priority. Our projects incorporate initiatives to enhance health and comfort for stakeholders, along with partnerships with local actors. We are also rolling out ESG education programs for our teams to bolster internal sustainability expertise.

    

3. Governance: Transparency and accountability are central to our governance. We have enhanced compliance practices to uphold the highest ethical standards, ensuring integrity across all our activities.

Looking Ahead

BESIX RED is committed to ongoing improvement in its ESG performance, with an ambitious roadmap that includes next actions:

• Digitalizing data collection and consolidation.
• Establishing an ESG Advisory Board.
• Regularly communicating results through annual reports and digital channels.
• Launching a Charter for Eco-Responsible Construction and a Code of Conduct for partners.

We will also conduct our first GRESB (Global Real Estate Sustainability Benchmark) assessment to align with the best European standards and develop a community-led impact plan.

About BESIX RED