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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2021-07-21 C$ 31.13
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SNC-Lavalin wins U.K. contract for net zero standards

2021-07-21 11:04 ET - News Release

Mr. Ian Edwards reports

SNC-LAVALIN APPOINTED BY U.K. GOVERNMENT TO BRING OFFICE SPACE UP TO NET ZERO STANDARD

SNC-Lavalin Group Inc. has been appointed by the government of the United Kingdom as net zero and life cycle replacement program delivery partner to ensure that over four million square feet of public sector office space meet enhanced sustainability standards as part of a major investment to accelerate its net zero agenda. The six-year contract is within SNCL Engineering Services, the cornerstone of SNC-Lavalin's strategy to greater growth.

"I want to thank the U.K. government for its confidence in SNC-Lavalin to deliver this important mandate to help tackle one of the toughest challenges of our time," said Ian L. Edwards, president and chief executive officer, SNC-Lavalin. "We firmly believe that it is the work we are doing in partnership with our global clients -- to help them achieve their net zero plans through the lifecycle of their assets using industry-leading methods and practices -- that makes the greatest positive impact on building the sustainable communities of the future."

SNC-Lavalin will provide the Government Property Agency with technical delivery services, including design, identification of decarbonization interventions and priorities, as well as program and supply chain management.

"Engineering plays a critical role in helping attain the ambitious net zero targets that numerous governments around the world have established," said Philip Hoare, president, Atkins, engineering, design and project management, SNC-Lavalin. "This appointment puts us at the forefront of the U.K. government's net zero agenda and will see our experts pushing the boundaries of innovation and technology to help transform public sector office space."

"Delivering a better, greener portfolio of government offices will not only reduce carbon emissions and operating costs, but also bring important investment across the U.K. as we begin to recover from the COVID-19 pandemic," indicated Steven Boyd, chief executive officer, Government Property Agency.

SNC-Lavalin's role with the U.K. Government Property Agency adds to a growing portfolio of net zero work advising public and private sector clients across the energy, infrastructure and transportation sectors. The company recently launched its vision for engineering a sustainable society with enhanced environmental, social and governance (ESG) targets, including a route map to achieving net zero carbon emissions by 2030. It has also published two reports which examine the blueprint to achieve net zero carbon targets by 2050.

About SNC-Lavalin Group Inc.

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world. SNC-Lavalin connects people, technology and data to help shape and deliver world-leading concepts and projects, while offering comprehensive innovative solutions across the asset life cycle. The company's expertise is wide ranging -- consulting and advisory, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning and sustaining capital -- and delivered to clients in four strategic sectors: EDPM (engineering, design and project management), infrastructure, nuclear and resources, supported by capital.

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