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Digital twin: Guiding asset owners to overcome common pitfalls
Wood’s sustainability strategy is informed by our materiality process and assessment every three years. Performance is disclosed across a range of global reporting frameworks and standards, guiding our approach and ambition in delivering Wood’s contribution and commitment to sustainable development.
We conduct periodic materiality assessments to inform our strategic direction over a 3-year period, or where there is significant change in the business. This approach makes sure we focus on the topics most valuable to our business and stakeholders.
Details on our materiality assessment can be found on our materiality page.
Annual Sustainability Report
Summarising our performance, in addition to our web-based disclosures, Wood’s annual sustainability report provides a consolidated review of our progress each year.
Archived reports can be found on our policies and documents page.
ESG Data Sheet
Our key performance data is disclosed through our Environment, Social and Governance (ESG) Datasheet. Pulling together key disclosures from reporting standards and frameworks, our ESG data sheet is updated annually and included as an appendix within our annual sustainability report.
Reporting standards and frameworks
We use the globally recognised reporting framework of GRI as a guide towards sustainability reporting and disclosure. Mapping our progress against the GRI standards, our index is intended to provide transparency on our programme evolution and will act as our reference towards future disclosure and reporting goals.
Wood is a participant to the United Nations Global Compact and supports the Ten Principles of the United Nations Global Compact on human rights, labour, environment and anti-corruption. In addition, we aim to demonstrate our contribution to the UN Sustainable Development Goals (SDGs), through pledges we make, the services we provide and how we choose to deliver our solutions.
Wood supports the principles of the TCFD disclosures through disclosures in our Annual Report and Accounts, Sustainability Report and voluntary CDP Climate Change reporting. The below index is intended to guide our stakeholders to where we disclose information against each of the recommendations, where this is held in the public domain.
As our primary method of disclosure on climate change, Wood submits annually to the CDP Climate Change questionnaire. As the largest registry of corporate GHG emissions in the world, CDP disclosure allows investors & cities to better understand risk, capitalise on opportunities and make investment decisions that drive action toward a more sustainable world. Wood has been submitting to the voluntary questionnaire since 2011, helping us to:
- Identify the key risks and opportunities associated with climate change.
- Increase transparency to our shareholders, clients, and general public.
- Benchmark our organisation against our peer and industry groups.
Current Score: B (2022)
Archived submissions can be found on our policies & documents page
