Columbus, Ohio – (COMMERCIAL THREAD) – Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry leader in the installation of insulation products and complementary building products, announced today hui the publication of the first environmental, social and governance document of the company. (“ESG”), which was posted on the company’s website (www.installedbuildingproducts.com) under the Who We Are – Sustainability section. The report details the company’s ideals and efforts regarding important ESG policies and highlights the actions the IBP is pursuing to create a more sustainable future.
“I am proud to announce the publication of IBP’s first ESG report. Since IBP was founded in the 1970s with a single branch in Columbus, Ohio, our culture has been built around a basic principle of treating others as you would like to be treated. We believe that showing compassion, respect and support to our employees, communities, customers, suppliers and shareholders is an important part of our past and future success, ”said Jeff Edwards, President and CEO. direction.
“As one of the largest insulation installers in the country, IBP plays a crucial role in the residential and commercial construction industries. Installing insulation is a critical part of energy conservation because it is the best way to avoid wasted energy in most homes and commercial structures. Beyond our service offerings, we also recognize that as a corporate citizen, we have a responsibility to protect the environment for current and future generations. Our first ESG report highlights the environmental benefits of insulation and outlines our expectations for reducing greenhouse gas emissions by 2030, in line with certain emission reduction targets under the Accord from Paris.
“Our Board of Directors recognizes the critical importance of ESG initiatives and across our organization we are committed to serving all IBP stakeholders. Ongoing programs include transitioning to carbon-free energy sources, reducing landfill waste and increasing recycling at our facilities. In 2019, we also launched the Installed Building Products Foundation which offers scholarships, an employee emergency assistance fund, and a fund to support matching grants for employee donations of time or money. . Through the Matching Grant program, IBP partners with non-profit organizations involved in building and renovating housing for people in need. As our ESG program grows, I am excited about the opportunities we have to create additional value for our employees, communities, customers, suppliers and shareholders, ”concluded Mr. Edwards.
The ESG report highlights IBP’s achievements and progress in managing its environmental impact and provides a comprehensive overview of diversity and inclusion initiatives, training and development programs, and health and development practices. employee safety and other sustainable business practices.
About installed construction products
Installed Building Products, Inc. is one of the largest installers of new residential insulation in the country and is a diverse installer of complementary building products including waterproofing, firestop, fireproofing, garage doors , gutters, blinds, shower doors, closet shelves and mirrors and other products for residential and commercial builders located in the continental United States. The company handles all aspects of the installation process for its customers, from direct purchasing and receiving materials from domestic manufacturers to its timely supply of materials to job sites and quality installation. The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial construction projects through its national network of more than 190 branches.
This press release contains forward-looking statements within the meaning of federal securities laws, in particular with respect to the housing and commercial markets, our operations, our ESG initiatives and their expected impact, our financial and business model, the demand for our service and product offerings, the expansion of our national presence and our end markets, the diversification of our products, our ability to grow and strengthen our market position, our ability to pursue and integrate valuable acquisitions, our ability to improve our sales and profitability, and expectations regarding demand for our services and earnings. Forward-looking statements can generally be identified by the use of words such as “anticipate”, “believe”, “expect”, “intend”, “plan” and “” or, in each case, their negative or other variations or their comparable terminology. These forward-looking statements include all matters which are not historical facts. By their nature, forward-looking statements involve risks and uncertainties as they relate to events and depend on circumstances which may or may not occur in the future. The forward-looking statements we make here and in all future reports and statements are not guarantees of future performance, and actual results may differ materially from those expressed or suggested by such forward-looking statements due to various factors, including, without limitation, duration, effect and severity of the COVID-19 crisis; the negative impact of the COVID-19 crisis on our business and financial performance, the economy and the markets we serve; general economic and industrial conditions; the price of materials and the supply environment; the timing of our selling price increases; and the factors discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, as they may be updated from time to time in our subsequent filings with of the Securities and Exchange Commission. Any forward-looking statement made by the Company in this press release speaks only as of the date hereof. New risks and uncertainties arise from time to time and it is impossible for the Company to predict these events or how they could affect it. The Company has no obligation and does not intend to update any forward-looking statements after the date hereof, except as required by federal securities laws.