The firm achieved a place in the CDP 'A List' for climate change for the fourth time. This recognises its actions to cut emissions, mitigate climate risks and help to develop the low-carbon economy, largely through its long-running Net Zero Energy Programme.
Gene Murtagh, CEO of Kingspan said: "Kingspan is honoured to be included in the CDP 'A List' for climate change for the fourth time. Since 2011 we have dedicated ourselves to the fight against climate change, through our Net Zero Energy programme. Indeed, since our foundation as a business we have been committed to driving energy-efficiency in buildings through our products and systems. The further launch of our Planet Passionate strategy with its ambitious 2030 targets last year reinforces our continued commitment to driving a sustainable approach across our business operations and into our products."
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Paul Simpson, CEO of CDP, added: "Congratulations to the companies that achieved a position on CDP's A List this year, for leading in environmental performance and transparency. The scale of the business risks from the climate emergency, deforestation and water insecurity are vast – as are the opportunities from addressing them – and it's clear the private sector has a vital role to play at this critical time. The A List companies are leading the market in corporate sustainability, tackling environmental risks and setting themselves up to thrive in tomorrow's economy."
As part of Kingspan's ongoing sustainable business focus, the company launched its Planet Passionate strategy in late 2019. The major 10-year programme will assist Kingspan to play its part in reducing the world's carbon emissions by 45% by 2030, as determined in the Paris Agreement, and contribute towards the achievement of the UN Sustainable Development Goals. The Circular Economy is another area of focus in Planet Passionate, and Kingspan upcycled 256 million PET bottles into its insulation in 2018 and has committed to upcycling one billion PET plastic bottles per annum by 2025.
(CM/MH)
