Announcements     |   16 November 2020

Fletcher Building demonstrates environmental transparency by disclosing through CDP

16 November 2020

Fletcher today continues its commitment to environmental transparency by disclosing its environmental impact through CDP, a global non-profit that runs the world’s leading environmental disclosure platform, for the eleventh year running. Fletcher Building has disclosed through CDP since 2010, and for 2020 completed CDP’s Climate Change and Water security questionnaires.

In 2020, 515 investors with US$106 trillion in assets and 150+ large purchasers with over US$4 trillion in procurement spend requested thousands of companies to disclose their environmental data through CDP. By completing CDP’s annual request for disclosure via completion of its climate change and water security questionnaires, Fletcher Building is demonstrating the transparency and accountability vital to tracking progress toward a thriving, sustainable future.

The rise in corporate disclosure – which has now reached 9,600 companies worldwide in 2020 – is evidence that transparency around environmental impact is now a business norm.

Chief Financial Officer Bevan McKenzie said: “As part of our sustainability strategy, we have committed to improving in the transparency of our reporting across the social, environmental, and governance dimensions of our business.

“In 2019, Fletcher Building had its target of reducing direct and indirect carbon emissions by 30 percent by 2030 from its 2018 baseline year, verified by the Science Based Targets initiative. The investor community is increasingly making investment decisions on a wider range of metrics than financial performance alone.

“We are proud to continue our disclosure through CDP. Ensuring we are transparent in our reporting on carbon emissions is important for our stakeholders as well as for our people, who have pride in the commitments we’ve made and are wholeheartedly invested in achieving them.”

Dexter Galvin, Global Director of Corporations & Supply Chains at CDP, commented:
“The private sector has a huge role to play in the transition to a sustainable economy, and the first essential step for companies is to be transparent around their current environmental impacts. Fletcher Building is among a critical mass of companies that are disclosing their environmental data to their stakeholders through CDP annually. The disclosure process is helping them to build trust through transparency, uncover risks and opportunities, boost their competitive edge and track progress towards their environmental goals. I look forward to seeing them advance on their sustainability journey.”

The companies disclosing through CDP can be accessed here: https://www.cdp.net/en/responses

About CDP

CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the over 920 cities, states and regions who disclosed in 2019, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. Visit https://cdp.net/en or follow us @CDP to find out more. 

 

For more information, please contact:

MEDIA INVESTORS AND ANALYSTS
Christian May
General Manager - Corporate Affairs
+64 21 305 398
christian.may@fbu.com
Aleida White
Head of Investor Relations
+64 21 155 8837
aleida.white@fbu.com