Our energy consumption contributes to a significant amount of our costs and is an indicator of the efficiency of our processes. As a large player in an industry with a relatively high energy consumption to other industries, our energy usage has a great impact on society.
Emissions that relate to our energy usage, are also relevant to BAM due to risks driven by changes in regulation, mainly in the case of the EU Emissions Trading System regarding our asphalt plants. As emissions do not directly affect costs, the impact of emissions on our stakeholders is weaker than the impact of our energy usage.
We have set targets for both absolute and relative reduction in energy usage and emissions. BAM monitors and benchmarks progress on these targets on a quarterly basis for different activities within the company.