Kingspan has been named for the third year in a row on The Climate ‘A List’ by CDP, the international not-for-profit that measures the environmental impact of thousands of companies around the world. Kingspan is one of only two Irish companies to make the list of 112 companies, which includes Unilever, Microsoft, and Toyota.
Featuring on the ‘A List’ recognises Kingspan’s actions in the last reporting year to cut emissions, mitigate climate risks and develop the low-carbon economy. In 2016 Kingspan passed the half way mark along its path to Net Zero Energy (NZE) by 2020, with renewable energy accounting for 57% of its total energy use. In the past 5 years Kingspan’s products have helped customers reduce their annual energy consumption by over 600 million megawatt hours– the equivalent to over 372 million barrels of oil.
The building sector contributes 30% of global annual greenhouse gas emissions and accounts for 40% of global energy consumption. Unless more action is taken by Governments and corporates, the United Nations Energy Programme (UNEP) predicts that greenhouse gas emissions are set to double over the next 20 years.
Gene Murtagh, CEO of Kingspan said: