SASB Response / Business Model & Innovation

Product Design & Lifecycle Management / Fuel Economy & Emission in Use-phase

REFEstadoDisclosureOur Response

RT-AE-410a.1

Partial Disclosure

Revenue from alternative energy-related products

During the reporting period our revenue from alternative energy-related products equates to £155.4m and across the business we are actively exploring energy and technology innovations (Electric Vehicles, use of hydrogen etc.) which we believe will provide significant opportunities to increase our revenue.

RT-AE-410a.2

Partial Disclosure

Description of approach and discussion of strategy to address fuel economy and greenhouse gas (GHG) emissions of products

Babcock has a group-wide Carbon reduction strategy, Plan Zero 40, which details the organisation’s transition to Net Zero carbon emissions. Babcock has a complex and diverse nature of business operations and the in-use emissions of our products and services is a key aspect of our Scope 3 footprint. We are currently working to develop a holistic understanding of the impacts of our products and services, including assessing opportunities for Life Cycle Assessments and whole life costing along with a range of tools and methodologies. Babcock has a significant opportunity to support our customers, partners and wider stakeholders with their decarbonisation journeys.