Wood
Wood is a global company operating in the Energy and Materials markets, employing 35,000 professionals across 60 countries, with a strong focus on sustainability, digital solutions, and energy transition.
Company Overview
Wood operates across the Energy and Materials markets, employing 35,000 professionals in 60 countries. Known for a diverse portfolio, Wood is actively engaged in sectors such as Carbon Capture, Distribution & Storage, Hydrogen, Oil & Gas (Upstream and Midstream), Petrochemicals & Refining, Power, Renewables, Chemicals, Life Sciences, Manufacturing, and Minerals & Metals. The company's headquarters are located in Aberdeen, Scotland, with major offices in cities like Abu Dhabi, Melbourne, Perth, Calgary, Santiago, Milan, Reading, and Houston.
Sustainability Initiatives
Wood has a strong focus on sustainability, with efforts including a 65% reduction in carbon emissions from a 2019 baseline as of December 2022. The company operates a sustainability hub concentrating on strategy and goals, materiality, people, planet, and profit. Wood supports the ten principles of the United Nations Global Compact on human rights, labour, environment, and anti-corruption. The company's sustainability strategy aligns with the 2030 agenda on sustainable development, and its goals are mapped to the UN Sustainable Development Goals (SDGs). Wood received an AA rating in the MSCI ESG Ratings assessment in 2023.
Strategic Partnerships and Projects
Wood has been awarded a significant U.S. Life Sciences project with GSK, reflecting its trusted reputation in the sector. Additionally, the company entered into a $330 million strategic partnership with Harbour Energy. Wood's contributions to critical UK carbon capture projects and its involvement in upgrading 8,000 kilometers of pipeline as part of a UK digital transformation project underscore its capabilities and strategic importance.
Digital Solutions
Recognized as a leader in digital solutions by Verdantix, Wood offers a variety of advanced digital services. These include asset health monitoring, decarbonisation solutions, digital twin technology, process optimisation, and systems integration. Wood's digital solutions aim to enhance operational efficiency and sustainability, particularly in areas like infrastructure, where they contribute significantly to decarbonisation efforts by substituting hydrocarbons with lower-carbon alternatives, capturing emissions, and optimizing processes.