Ms. Cath Schefer reports

STANTEC AWARDED SECOND PHASE OF EUROPEAN COMMISSION'S GLOBAL TECHNICAL ASSISTANCE FACILITY FOR SUSTAINABLE ENERGY

Stantec Inc. has been awarded the second phase of the European Commission's global technical assistance facility (TAF) for sustainable energy. The 27.7-million-euro ($45.4-million) new assignment builds on the firm's successful management of the previous initiative -- Sustainable Energy for All -- as well as the first phase of the global TAF. For more than 15 years, Stantec has been a key partner in advancing the European Union's external energy and climate objectives. Stantec's contract for the second phase of the global TAF will run until October, 2028.

Accelerating the global energy transition

The global TAF for sustainable energy is the European Commission's flagship and largest initiative to support EU partner countries in scaling up sustainable energy access and accelerating the global energy transition. Through this program, Stantec will continue to provide technical assistance, policy and regulatory support, investment planning, and capacity building across Africa, Latin America and the Caribbean, Asia and the Pacific, the Middle East, and the EU's eastern neighbourhood.

"This contract is one of the largest of its kind awarded by the EU and reflects the trust placed in our team's ability to deliver complex, multicountry energy programs with agility and excellence," said Cath Schefer, chief operating officer, global, at Stantec. "We are proud to support the EU's vision for a just and sustainable energy transition, and we are committed to helping partner countries create enabling environments for investment and to deliver real impact on the ground."

Engaging a global network

The second phase of the global TAF for sustainable energy will expand its scope to include enhanced support for energy sector reforms, governance and strategic partnerships. Stantec will also lead knowledge management, training and visibility activities to allow lessons learned to be shared across regions and institutions.

Stantec's team in Belgium will coordinate the program's operations, drawing on a global network of specialists, and leveraging its extensive experience in energy, climate and infrastructure development. The firm's integrated approach supports technical solutions that are tailored to local contexts while aligned with international best practices.

About Stantec Inc.

Stantec empowers clients, people and communities to rise to the world's greatest challenges at a time when the world faces more unprecedented concerns than ever before.

The company is a global leader in sustainable engineering, architecture and environmental consulting. The company's professionals deliver the expertise, technology and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more.

Today's communities transcend geographic borders. At Stantec, community means everyone with an interest in the work that the company does -- from its project teams and industry colleagues to its clients and the people its work impacts. The diverse perspectives of the company's partners and interested parties drive the company to think beyond what's previously been done on critical issues like climate change, digital transformation and future-proofing the company's cities and infrastructure.

Stantec's designers, engineers, scientists, project managers and strategic advisers. The company innovates at the intersection of community, creativity and client relationships to advance communities everywhere, so that together we can redefine what is possible.

Stantec trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol STN.

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