Ibstock plc has launched its new ESG Strategy to 2030, which will simplify the way the company articulates its goals and ambitions and acts as an evolution of its five-year Sustainability Roadmap set back in 2019.
Ibstock’s ESG Strategy to 2030 has been organised under three themes; Address Climate Change; Improve lives; and Manufacture Materials for life, headline ambitions include:
- 40% reduction in absolute carbon (Scope 1 & 2*) by 2030
- Increase female senior leadership representation to 40% as part of a proactive approach to diversity and inclusion
- 20% of sales turnover revenue to come from new products and solutions that deliver customer value and improved sustainability.
Fostering engagement & ownership
Building on its ‘people first’ approach to ESG and sustainability engagement, Ibstock will continue to drive employee engagement and understanding of its goals and ambitions – focusing on how individuals and their actions can contribute to the bigger picture.
Ibstock says it new strategy is informed by a materiality assessment which has taken into consideration the views and perspectives of its key stakeholders. In addition, the company is also launching a major customer survey of attitudes to sustainability amongst housebuilders, builders merchants and architects and specifiers. The results of this process will shape a long-term programme of communications aimed at informing and connecting with Ibstock’s external stakeholders.
