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.
Kingspan has been recognized for its actions and strategies to reduce emissions and manage climate risks in its supply chain in the past reporting year. Over 4,800 companies in total were assessed by CDP and given a Supplier Engagement Rating, based on answers to selected questions about governance, targets, scope 3 emissions, and value chain engagement of their response to the CDP 2019 climate change questionnaire and their overall CDP climate change score. Kingspan is among the top 3% of organizations assessed by CDP, one of almost 160 companies on the Leaderboard this year.
Gene Murtagh, CEO of Kingspan said: “It is an honour 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 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 our 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 decarbonise 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 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.