Kingspan recognised as a climate leader for supply chain engagement

10 February 2022 Kingspan Group

Kingspan Group, the global leader in advanced insulation and innovative building solutions, is honoured to be included in CDP’s Supplier Engagement Leaderboard.

CDP is one of the leading ESG (Environment, Social and Governance) benchmarks. Companies responding to CDP’s climate change questionnaire receive a Supplier Engagement Rating for how effectively they are engaging their suppliers on climate change.

The rating is based on a number of factors relating to governance, targets, scope 3 emissions, and value chain engagement. This year, 8% of companies who completed CDP’s full climate questionnaire made it onto the Supplier Engagement Leaderboard.

Kingspan has committed to reducing absolute Scope 1 and 2 GHG emissions by 90% by 2030 from a 2020 base year. It has also pledged to reduce absolute Scope 3 GHG emissions by 42% within the same timeframe. The ambitious new targets are in line with the scale of reductions required to keep global warming below 1.5C from pre-industrial levels.

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“Our data shows that companies currently have blinkers on when it comes to assessing their indirect impacts and engaging with suppliers to reduce them,” said Sonya Bhonsle, Global Head of Value Chains & Regional Director Corporations, CDP.

“Companies must act urgently to cascade action and manage environmental impacts throughout their supply chains to scale the level of action to secure a 1.5°C future. As a Supplier Engagement Leader, Kingspan is a trailblazer driving the transition towards a sustainable net-zero future.”
“Reducing the embodied carbon of our products and our supply chain is not just business-critical, it’s planet-critical,” said Bianca Wong, Kingspan’s Global Head of Sustainability. “Open dialogue and strong continuous engagement with our suppliers is crucial to enabling us to meet our scope 3 GHG emissions reduction targets.  I am very pleased that our approach to supplier engagement has been recognised by CDP.”

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