Multiplex, our construction operation, has placed climate change and carbon reduction at the heart of its business strategy.

Multiplex became the first construction company in Canada to have its GHG emission reduction target approved by the globally recognized Science Based Targets initiative (SBTi). The business’ reduction target to reduce its Scope 1 and 2 GHG emissions by 63% by 2035 exceeds the minimum ambition to limit global warming to 1.5°C and has been commended by the SBTi Steering Committee. 

Using the target as a roadmap, our construction operation is decarbonizing its regional operations through capital allocation initiatives supported by customer demand, including electrification, fuel replacement, energy procurement plans to increase renewable energy usage and the inclusion of a building’s carbon value as part of the bidding process.

In 2022, Multiplex’s Canadian operation achieved an overall reduction of 93% in its Scope 1 and 2 GHG emissions toward its 2035 goal and through ongoing collaboration with project partners, it continues to monitor data to track progress towards its reduction targets with clear goals to reduce Scope 1, 2 and 3 GHG emissions. The business is targeting to meet a net-zero carbon goal for buildings it owns or leases and sites they control by 2030. 

As Brookfield works towards its own net-zero targets, actions by our operating companies are a critical component of Brookfield’s ability to achieve these ambitious goals. Multiplex is one example of our operating companies that has taken actions that support our climate change strategy.