Efforts working toward decarbonization, reducing emissions and lowering environmental impact continue to expand as society and government officials tout the importance of a more sustainable future for all. Mirroring this trend, Ferguson released its first-ever Environmental, Social and Governance report titled “Building Influence.” The report highlights Ferguson’s progress in conducting its operations with a lighter footprint while creating positive impact for its stakeholders.
To discuss the company’s efforts in more detail and dive into the bigger picture surrounding why PHCP-PVF distributors should make this a top priority, Supply House Times’ Chief Editor, Natalie Forster chatted with Denise Vaugh, Ferguson’s vice president of ESG in the video podcast above.
MORE ABOUT FERGUSON’S ESG REPORT
“We are dedicated to minimizing the environmental impact of our operations and fostering a culture that is safe, inclusive and engaging for our associates,” says Kevin Murphy, Ferguson CEO. “This ESG report showcases how our people, expertise and position within the value chain create positive impact opportunities for our customers, suppliers and local communities and help build a better world.”
Key highlights of Ferguson’s FY 2021 ESG report include:
- Ferguson’s ESG framework and vision for sustainability;
- Carbon reduction goals to reduce our Scope 1 and 2 emissions by 35% per million USD of revenue by 2026;
- Ferguson’s water positive impact, comprising actions or initiatives that improve water access, water quality or efficiency of water use in communities we serve;
- Enhanced governance processes to reflect Ferguson’s U.S. listing of shares on the New York Stock Exchange;
- Alignment with the United Nation’s Sustainable Development Goals (SDG) on clean water and sanitation (Goal: 6), decent work and economic growth (Goal: 8) and responsible consumption and production (Goal: 12); and
- ESG ratings from organizations like CDP (rating: B), MSCI (rating: AAA) and Sustainalytics (rating: Low Risk).
