Manufacturer of clay bricks and concrete products, Ibstock plc, has announced new carbon reduction commitments, including a target for the business to be net zero by 2040.
The new net zero commitment will cover scope 1 & 2 emissions – including investment in more efficient production processes and in high quality environmental projects to offset residual carbon. A strategy to reduce indirect Scope 3 carbon emissions, which contribute less than 40% of the business impact, will be developed in 2022.
These new targets build on the Group’s existing sustainability roadmap commitments, creating a framework of targets and critical milestones at the centre of a new 2030 sustainability strategy.
Joe Hudson, Chief Executive Officer of Ibstock PLC, commented: “Whilst we know we have much more to do, I am delighted that we are making progress on our commitments and are able to announce further carbon reduction targets in such an ambitious timeframe. These new carbon commitments, including our pledge to be net zero by 2040, represent a bold step on our journey to address climate change and move the business into the low carbon economy. I am proud of our colleagues across the business who are driving forward our sustainability agenda and securing its place at the core of our purpose as a business and I look forward to presenting further details on our ambitions and targets in March 2022.’’