Kingspan Recognized For Engaging Its Supply Chain On Climate Change
Kingscourt, Ireland - Kingspan has been identified as a global leader for engaging with its suppliers on climate change, being awarded a position on the Supplier Engagement Leaderboard by global environmental impact non-profit CDP.
It's place on the leaderboard serves as recognition of the actions and strategies Kingspan has undertaken to reduce emissions and manage climate risks in its supply chain over the past reporting year. Over 4,800 companies in total were assessed by CDP
and given a Supplier Engagement Rating, based on answers about governance, targets, scope 3 emissions, and value chain engagement on the CDP 2019 climate change questionnaire. With the answers scored, Kingspan ranked among the top 3% of all organizations
assessed and was one of just 160 named to the Leaderboard.
Gene Murtagh, CEO of Kingspan, said: “It is an honor to be identified as part of the CDP’s Supplier Engagement Leaderboard and we are proud to partner with the CDP, working towards sustainable supply chains across the built environment. Through
our ambitious 2030 targets and Planet Passionate strategy we are committed to driving a sustainable approach through our supply chain and impacting every part of our business.”
Kingspan’s mission is to accelerate a net zero emissions future with the wellbeing of people and the planet at its heart. Planet Passionate is Kingspan's ambitious 10-year global sustainability strategy that aims to impact on three big global issues:
climate change, circularity and protection of the natural world.
Through Planet Passionate Kingspan will: contribute to the world's renewable energy mix, reduce carbon emissions, divert waste from landfill, conserve water, provide upcycling solutions for plastic waste and help clean the world's oceans and protect biodiversity.
In January 2020, Kingspan achieved CDP ‘A List’ for its efforts against climate change.
Dexter Galvin, Director of Corporates and Supply Chains at CDP, said: “Congratulations to all the companies on the CDP Supplier Engagement Leaderboard for this year. They are showing leadership on engaging their suppliers to manage climate risk
and cut emissions. Given that supply chain emissions are on average 5.5 times as high as a company’s operational emissions, this couldn’t be more crucial. If we are to achieve the goals of the Paris Agreement and decarbonize the economy,
then other companies learning from these leaders and engaging their suppliers is going to be vital."
The Supplier Engagement Leaderboard is available on CDP’s website. It follows on from CDP’s most recent
supply chain report,
Changing the Chain, which showed the vast potential for driving climate action at scale in the supply chain. The report found that
major companies working with CDP have the potential to cut a gigaton of emissions by driving their suppliers to increase their average proportion of renewable power by 20 percentage points.
CDP is a global non-profit that runs the world’s leading environmental disclosure platform. In 2019, over 8,400 companies disclosed environmental data through CDP at the request of 125 major purchasing organizations with US$3.6 trillion in purchasing
spend, and 525 investors with US$96 trillion in assets, making it the gold standard in corporate environmental reporting.
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors
with assets of US$96 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 8,400 companies with over 50% of global market capitalization disclosed environmental data through CDP
in 2019. This is in addition to the over 920 cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding
member of the We Mean Business Coalition.
Kingspan Group is a global leader in solutions for high performance, low carbon buildings. The company's products and systems ensure higher lifetime energy
and carbon savings. Collectively, Kingspan's businesseses deliver a complete sustainable building envelope - the materials and systems that separate the inside and outside of a building - that generates better building performance and higher value
for its customers. The company is headquartered in Kingscourt, Ireland but it operated 129 manufacturing sites in over 60 countries, employing more than 14,000 staff. To learn more, visit www.kingspan.com.