Tackling climate change
Climate change is one of the biggest challenges of our time and we are focused on reducing our contributions.
In 2019, we committed to reducing our emissions by 30% by 2030 from a FY18 baseline - this is our ‘30 by 30’ target. We were the first in our industry in Australasia to set a Science-Based Target (SBT) for carbon reduction.
In 2023, we further committed to being Net-Zero carbon by FY50.
Each of our business units has a Carbon Reduction Roadmap to achieve our ‘30 by 30’ target, and we are now putting plans in place for our operations, and working with our suppliers, to meet Net Zero by 2050.
In FY25, our Scope 1 and Scope 2 emissions for our ongoing operations were 912 thousand tonnes of CO2e (kt CO2e), which is a reduction of 6% from FY24 and a reduction of 24% from our baseline year of FY18. Our supply chain (Scope 3) emissions were 1,592 kt CO2e in FY25 (see our 2024 Climate Statements for more details on reporting methodology).
Some of our initiatives
We have launched many initiatives and products across the business that are helping us to achieve our carbon goals and contributing to better outcomes for New Zealand and Australia. Some examples are:
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New Zealand’s lowest carbon cement
Our Concrete Division business Golden Bay's Ecosure cement is New Zealand’s lowest carbon cement. EcoSure’s reduced carbon footprint includes the use of waste tyres within the cement production process both reducing carbon emissions and diverting waste away from landfill.
Golden Bay achieved an exit run rate of ~65% coal substitution in FY25 following completion of the front end firing capability that allows the use of more waste products such as plastics.
The embodied carbon and life cycle assessment for the product are available in the Ecosure Environmental Product Declaration (EPD).
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Green electricity for our Australian businesses
Our Australian businesses are becoming less carbon intensive both as a result of the electricity grid in Australia decarbonising and due to our actions to install and purchase green electricity. 75 MWh of solar electricity were generated in FY25, equivalent to 684 t CO2e of avoided emissions.
Products and processes to be proud of
Over the past years, we have had a clear focus on offering products with sustainability certifications to our customers, playing our part to decarbonise the building sector and supporting our customers’ own sustainability goals.
Our product revenue from sustainably certified products has increased from 61% in FY22 to 79% in FY25, achieving our goal of 75% by FY26. This included revenue from products that hold Type I environmental labels such as Eco Choice Aotearoa and Global GreenTag GreenRate, or Type III certification such as Environmental Product Declarations.
This is how we calculated it (PDF) >>
Search and view our Environmental Product Declarations >>
Reducing our waste and building up the circular economy
We are seeking opportunities to reduce or reuse waste, and working with customers and partners to drive positive change through the circular economy. In FY25 we recycled 118,242 tonnes of waste and sent 18,228 tonnes to landfill, achieving 87% diversion of waste from landfill and continuing to exceed our target to achieve >70%.
The belief that all injuries are preventable
Across the business, we have re-written our safety story and created a culture we are proud of. "Protect" is a value for us and we have been busy shifting our mindset.
We have put in place a multi-year programme to improve safety in our workplaces driven by the belief that all injuries are preventable.
We offer to deliver Safety Leadership Programme (SLP) to our key suppliers, contractors and clients, and we have published key parts of it to improve the safety of our entire sector. Find out more in our Safety section >>
Supporting our people
By embedding sustainability across all that we do, we are also showing care to the people we work and connect with every day. We have introduced market-leading policies and processes to ensure everyone feels welcome.
Some of our initiatives
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We offer a market-leading parental leave policy that includes enhanced paid leave options for primary carers, four weeks paid secondary carers leave and ‘phased return to work options’ to help our people transition back in to work when they return from parental leave.
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We offer paid Gender Affirmation Leave and Transitioning at Work Guidelines.
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Our people-led action groups – Lōkahi, Tātai, the Equality Network Group, and FB Pride promote inclusion and mentoring across our business.
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We are measuring gender pay parity and working to close the gap. It was 5.2% in FY23; 5.1% in FY24; and 4.5% in FY25.
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In FY25, the overall proportion of women in leadership was 25%, an increase from 23.2% in FY24.
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For the times when life or work isn’t going so well, our wrap around Employee Assistance Programme is there to give our people access to qualified professionals who can help them access support for personal, health and wellbeing, family and other issues.
These are just some examples. Check out our Careers section for more information on how we support our people.
Our communities at the heart
We genuinely believe our purpose cannot be achieved unless we have our community, our suppliers, and our customers at the heart of what we do.
We are working with great organisations and communities to create local impact, while creating policies to ensure the ethical treatment of people who work with us.
Some of our initiatives
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Our Fletcher Building Employee Education Fund has been providing financial assistance to our employees and their families wanting to further their education and professional development for over 20 years.
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The Fletcher Building Employee Welfare Fund supports our people and their families financially in the event of death, disability or financial hardship resulting from unexpected medical misfortune
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To help everyone to get into a great career with us, we have a range of youth development and student scholarships including First Foundation, TupuToa, and other internship and graduate positions.
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Our Human Rights Policy and our Supplier Code of Conduct, outlines how we and our suppliers will ensure ethical treatment of people who work with us.
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We are focused on identifying areas with potential risk for forms of modern slavery in our supply chain, and how we manage and address these risks is outlined in our completed risk assessments to identify where to focus. Our Modern Slavery Statement is available in the Corporate Governance section of our website.
Disclosing our emissions and working with our supply chain
We actively disclose our carbon emissions and report them to the Carbon Disclosure Project (CPD). In 2024, we obtained a CDP rating of A- and a CDP Supplier engagement rating of A-, showing that CDP regard us as following best practise and as a leader in our sector.
