Installed Building Products Publishes 2023 Environmental, Social and Governance Report
31 Agosto 2023 - 2:00PM
Business Wire
Installed Building Products, Inc. (the “Company” or “IBP”)
(NYSE: IBP), an industry-leading installer of insulation and
complementary building products, announced today the release of the
Company’s 2023 Environmental, Social and Governance (“ESG”) report,
which highlights important milestones the Company achieved during
the past year as well as the Company’s ongoing ESG policies and
commitment to the environment, its employees, and its communities
by promoting a more sustainable and equitable future.
“IBP was built on the idea of ‘doing the right thing.’ Doing the
right thing means understanding that the way we treat our
employees, customers, and our environment are inextricably linked,
and every goal we set is meant to have far-reaching impacts. I am
proud of the progress we made in 2022 and our unwavering commitment
to doing the right thing as we focus on climate change, reducing
our carbon footprint, and taking care of our employees and our
communities,” stated Jeff Edwards, Chairman and Chief Executive
Officer.
IBP has made continued progress toward many of the goals and
objectives outlined in its inaugural ESG report that was issued in
2021. This is a testament to the commitment of the Company’s team
members who embody IBP’s corporate values, mission, and vision.
Highlights of IBP’s 2023 report include the following updates:
- Limiting the Risk Caused by Climate Change: IBP is
taking a proactive approach to understand and address the risks
climate change has on its business. The Company’s leadership team
and Board have built a climate strategy, which includes climate and
enterprise risk management actions to understand, assess, and
mitigate the risks climate change has on its business.
- Reducing Carbon Emissions: With the majority of IBP’s
revenue coming from installation of insulation, improving energy
efficiency and reducing carbon emissions is a natural benefit of
the services IBP provides its customers. During 2022, IBP made
progress towards environmental targets, which includes a 30+%
year-over-year reduction in Greenhouse Gas Emissions from the
installation of spray foam, the diversion of 2.8 million pounds of
scrap fiberglass insulation and 49,500 tons of wastepaper and
cardboard from landfills, and continued efforts to transition IBP’s
electricity needs to carbon-free sources.
- Supporting our Employees: IBP is focused on providing
employees with a safe, rewarding, and respectful workplace where
everyone feels that they belong. This commitment starts with a
laser focus on safety through the Company’s Lead With Safety
program, which has contributed to a safer work environment. IBP
also supports its employees and their families through scholarships
to pursue educational endeavors, financial grants to overcome
financial stress, financial wellness programs to encourage
financial responsibility, and health and wellness programs to
promote physical and mental wellbeing.
- Giving Back to our Communities: IBP is committed to
giving back to the people and communities that are the backbone of
the Company. Through the Installed Building Products Foundation and
corporate giving programs, IBP contributes 1% of EBITDA each year
to support local communities throughout the country with
initiatives primarily focused on education and housing-related
needs. In 2022, IBP provided over $3 million to nonprofit
organizations across the country, bringing the Company’s total
philanthropic impact since 2019 to nearly $8 million.
“IBP’s Board of Directors and management team recognize the
importance of ESG issues and their impact on our stockholders,
customers, employees, and communities. As we continue our ESG
journey, I believe we are making real progress in our efforts to
become a leading corporate citizen. Our work is just beginning, and
we remain steadfast in our goals to expand our social
responsibility practices so that we can be a force for positive
change,” concluded Mr. Edwards.
IBP’s Commitment to its Communities
Since IBP was founded, the Company has never lost sight of what
it means to do the right thing, and how meaningful it is to work
and engage in its communities. IBP has committed to give back
approximately 1% of its annual EBITDA each year to support local
communities by partnering with and supporting nonprofit
organizations and initiatives focusing on education, housing, and
strengthening communities. To learn more about IBP’s sustainability
initiatives and to read or download the 2023 sustainability report,
please visit
https://installedbuildingproducts.com/sustainability/.
About Installed Building Products
Installed Building Products, Inc. is one of the nation's largest
new residential insulation installers and is a diversified
installer of complementary building products, including
waterproofing, fire-stopping, fireproofing, garage doors, rain
gutters, window blinds, shower doors, closet shelving and mirrors
and other products for residential and commercial builders located
in the continental United States. The Company manages all aspects
of the installation process for its customers, from direct purchase
and receipt of materials from national manufacturers to its timely
supply of materials to job sites and quality installation. The
Company offers its portfolio of services for new and existing
single-family and multi-family residential and commercial building
projects in all 48 continental states and the District of Columbia
from its national network of over 240 branch locations.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws, including with respect
to the housing market and the commercial market, industry
conditions, our operations, our ESG-related performance and ESG
initiatives including our long-term environmental targets, and our
financial and business model. Forward-looking statements may
generally be identified by the use of words such as “anticipate,”
“believe,” “expect,” “intends,” “plan,” “will,” and "target" or, in
each case, their negative, or other variations or comparable
terminology. These forward-looking statements include all matters
that are not historical facts. By their nature, forward-looking
statements involve risks and uncertainties because they relate to
events and depend on circumstances that may or may not occur in the
future. Any forward-looking statements that we make herein and in
any future reports and statements are not guarantees of future
performance, and actual results may differ materially from those
expressed in or suggested by such forward-looking statements as a
result of various factors, including, without limitation, the
adverse impact of the ongoing COVID-19 pandemic; general economic
and industry conditions; local, state and federal regulations;
rising home prices; inflation and interest rates; the material
price and supply environment; the timing of increases in our
selling prices; and the factors discussed in the “Risk Factors”
section of the Company’s Annual Report on Form 10-K for the year
ended December 31, 2022, as the same may be updated from time to
time in our subsequent filings with the Securities and Exchange
Commission. Any forward-looking statement made by the Company in
this report speaks only as of the date hereof. New risks and
uncertainties arise from time to time, and it is impossible for the
Company to predict these events or how they may affect it. The
Company has no obligation, and does not intend, to update any
forward-looking statements after the date hereof, except as
required by federal securities laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230830884707/en/
Investor Relations: 614-221-9944
investorrelations@installed.net
Grafico Azioni Installed Building Produ... (NYSE:IBP)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Installed Building Produ... (NYSE:IBP)
Storico
Da Set 2023 a Set 2024