John Wood Group has pledged to reduce its greenhouse gas emissions by 40% by 2030.
The Aberdeen-headquartered engineering and energy services group holds millions of pounds worth of contracts in the oil & gas, petrochemicals and mining industries worldwide.
But it has been attempting to diversify into the growing renewable energy sector as pressure grows for companies to meet investors' demand for higher ESG standards. In April, the firm announced a $100 million deal to erect wind turbines the US.
Wood claimed today the new target to reduce its scope 1 and 2 greenhouse gas emissions - which will be formally submitted to the independent Science Based Targets Initiative (SBTi) - goes beyond the Paris climate change agreement goal of getting global warming to 2C below pre-industrial levels.
Wood said it will attempt to achieve its target by setting minimum standards to reduce carbon intensity from its sites, equipment and vehicles, increased use of renewable energy and more sustainable procurement policies.
Chief executive Robin Watson said: "Today, Wood is signalling a clear commitment to lower our carbon footprint in the next 10 years to support greenhouse gas emissions reduction targets.
"As a member of the United Nations Global Compact and a long-standing contributor to CDP Climate Change, we believe in the importance of setting science-based carbon reduction targets. Working with our partners, our people and our communities we will build a lower carbon world that enables sustainable growth for future generations.
"As well as setting targets for Wood, we see a key role for our business in the global energy transition journey, applying our technical expertise and trusted experience to support the decarbonisation commitments of companies and governments in a range of industries."
Last month, Wood signed a new five-year contract to work on petrochemicals firm Sasol's assets in South Africa. In February, it completed a a design project for a Chevron deepwater oil rig in the Gulf of Mexico worth millions of dollars.
Current projects include an ethane gas cracker at a INEOS petrochemicals plant in Antwerp, a petrochemical plant in the south of Oman and petrochemicals technology centre in Saudi Arabia and a coking plant in Texas.
