The blanket purchase agreement will support a variety of projects in the DFC portfolio
WASHINGTON D.C. – TSX, NYSE:STN
The U.S. International Development Finance Corporation (DFC) has selected Stantec for a five-year, US$7.5M ceiling multi-award, blanket purchase agreement (BPA) for environmental and social services. Established by the 2018 Better Utilization of Investments Leading to Development Act, the federal agency facilitates the participation of the private sector to finance solutions to critical infrastructure challenges in the developing world. This BPA mechanism will be used to procure a range of environmental and social due diligence, monitoring, and specialized assessment services that support projects in the DFC investment portfolio.
Part of the DFC’s mission includes providing technical assistance and feasibility studies designed to increase the developmental impact or improve the commercial sustainability of a project that has received or may receive financing from the agency. Stantec’s International Development team, based in Washington, D.C. will provide oversight of the BPA and management of the subsequent call orders while working collaboratively with key environmental services colleagues throughout the company to respond to the DFC’s needs.
“We’re thrilled for the opportunity to work with the DFC. This contract opens up opportunities for us to expand our support to U.S. foreign assistance agencies and key global development priorities such as climate change, women’s empowerment, and public health,” said Manoj Bhattarai, BPA project manager for Stantec. “Our team stands ready to help DFC enhance the sustainability of their investments in energy, water, healthcare and other critical infrastructure in low- and middle-income countries throughout the world.”
As a key partner in the Build Back Better World (B3W) initiative being led by the U.S., the DFC will play an important role in helping emerging market countries pursue more resilient and less carbon intensive economic development. The DFC has invested more than US$5B in development-based renewable energy projects and is committed to focusing at least one-third of new investments on climate-related projects beginning in 2023 as well as achieving a net-zero portfolio by 2040.
Stantec provides a wide range of services to support public and private investments in climate change and clean energy. The firm is currently supporting the U.S. government’s Millennium Challenge Corporation by providing oversight on the implementation of the $96 million Climate-Resilient Communities Project in Niger. For nearly 10 years, Stantec has worked under a global framework partnership with Italy’s Enel Green Power to provide feasibility studies, technical assessments, project engineering, and basic design, supporting the development of renewable energy worldwide. Earlier this year, Stantec completed its work leading the European Union’s Global Climate Change Alliance+ Support Facility. Under this global contract, the firm managed a consortium of consulting firms providing technical assistance in support of national and regional climate actions for the EU.
This year, Stantec was named the fifth most sustainable company in the world and first in North America by Corporate Knights. The firm has pledged to carbon neutrality by 2022 as a first step in achieving net-zero operations by 2030 across its entire global footprint.