Renewable energy cost opportunity (limited disclosure) Laing O'Rourke identifies the transition to renewable energy as a market opportunity rather than an operational commitment: the report notes that renewable energy costs have been falling relative to fossil fuels, which is expected to make future energy consumption cheaper and reduce exposure to carbon pricing. No renewable electricity target, PPA, REC/REGO retirement programme, or on-site generation capacity is disclosed.
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Primary: Business travel and employee commuting management The Group separately tracks and discloses Scope 3 Category 6 (business travel) and Category 7 (employee commuting) emissions, noting an increase in FY23 as operations returned to normal post-pandemic levels; these categories are being targeted for reduction as part of the broader Scope 3 action plan.
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Plans to establish science-based targets in FY24 Company states it is working to establish science-based targets in FY24 and will report progress in future annual reports; not yet formally set/validated.
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50:50 gender balance target by 2033 Longer-term goal to achieve 50:50 gender representation in staff roles by 2033, alongside continued 2 percentage-point annual increase commitments in Australia.
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Primary: Low carbon and cement-free concrete transition As a founding member of the Climate Group's ConcreteZero initiative (2022) and Australia's MECLA, Laing O'Rourke mandated use of only low carbon concrete on new UK projects from 1 April 2023 (est. 28% embodied carbon reduction vs FY22), and is investing in R&D toward ultra-low carbon and eventually cement-free concrete, since concrete purchases dominate its Scope 3 footprint (Category 1 = 92.6% of Scope 3).
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Global nature-related impact mapping and biodiversity risk assessment Undertook a project to map nature-related impact of site operations globally, and assessed nature-related impacts/dependencies for key commodities (PPE, steel, biodiesel) as part of preliminary supply chain analysis; plans to develop full biodiversity strategy in FY24.
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Primary: Design for Manufacture and Assembly (DfMA) / off-site manufacturing Central to the 'Deliver 2025' strategy, the DfMA 70:60:30 operating model targets manufacturing 70% of a project off-site to improve productivity by 60% and cut programme time by 30%, reducing material waste and supporting sustainability, safety and quality outcomes across UK operations.
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First full voluntary TCFD disclosure published FY23 report contains the company's first full voluntary TCFD statement, following a partial disclosure in FY22, identifying areas of full compliance and areas requiring further work (metrics and targets not yet defined).
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Australia social spend target: AUD$800m by 2030 Australia social spend target introduced in FY23 of AUD$800m by 2030.
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FY23 financial statement restatements Multiple FY23 balance sheet restatements including gross-up of insurance technical reserve/asset recovery, reclassification of defects provisions, and revenue recognition timing corrections, disclosed in note 2.02. No impact on profit/loss or net cash flows.
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