Installed Building Products Publishes 2022 Environmental, Social and Governance Report
“I am excited to announce the publication of IBP’s 2022 ESG report and I am proud of the progress we have made along our ESG journey over the past year. Since our inception, IBP has worked hard to promote a culture of doing what is right. By making buildings energy efficient, caring for the health, safety and welfare of our employees, promoting volunteerism and engaging in philanthropic pursuits, we strive to exhibit corporate responsibility with our actions every day. While there is still a long road ahead, we are devoted to continually push ourselves to be better every year,” stated
IBP believes the Company can continue to make an impact in its employees' lives, in the homes it helps build, and in IBP’s communities. The Company is focusing on three areas of impact:
- Going Beyond the Buildings: We recognize the importance of environmental preservation and the direct connection between our business and the health of our planet and communities. That’s why we are committed to reducing our environmental footprint and protecting biodiversity.
- Committing to our People: We strive to empower our employees and enrich their lives. We offer a robust health and safety program, financial and emotional wellbeing coaching programs, a financial assistance program, and a commitment to build an equitable and inclusive workplace with opportunity for growth and advancement. Our people are our greatest assets, and we continue to invest in their personal and professional growth.
Elevating our Neighborhoods: We value our employees greatly and care deeply about the communities where they live and work. So, we are 100% committed to giving back to the people and communities that are the backbone of our company. Through our
Installed Building Products Foundationand corporate giving programs, we are committed to contributing 1% of EBITDA each year to support local communities throughout the country with initiatives primarily focused on education and housing-related needs.
“IBP’s Board of Directors and management team recognize the importance of ESG issues and their impact on our stockholders, customers, employees, and communities. The publication of our inaugural ESG report last year laid a strong foundation for continued progress and positive momentum in 2022 and beyond. I am proud of our team’s efforts in helping us pursue our ESG goals and targets. As we continue along our journey, we are committed to creating value for all our stakeholders through everyday actions that promote positive corporate responsibility,” concluded
The 2022 ESG Report highlights IBP’s achievements and progress in managing its environmental impact and provides a comprehensive overview of diversity and inclusion initiatives, training and development programs, and employee health and safety practices as well as other sustainable business practices.
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, our operations, our ESG initiatives and the expected impact thereof, 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 duration, effect and severity of the COVID-19 crisis; any recurrence of COVID-19, including through any new variant strains of the virus, and the related surges in positive COVID-19 cases; the adverse impact of the COVID-19 crisis on our business and financial results, our supply chain, the economy and the markets we serve; general economic and industry conditions; local, state and federal regulations; 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