Supply chain collaboration is helping Ibstock plc tackle the global challenge of decarbonisation. The company brought together a cross section of key suppliers to identify opportunities for accelerating change at its recent Supply Chain Engagement Day.
Building on the success of the inaugural event held in 2021, the Supply Chain Engagement Day was attended by 30 of Ibstock’s suppliers who have a significant material impact on its Scope 3 carbon emissions, including CEMEX, Aggregate Industries, Linde H, RS Components and Berry.
The aim of the event was to support Ibstock in meeting some of the sustainability challenges faced by the construction sector, in particular getting a better understanding of how Scope 3 emissions can be reduced and identifying opportunities for collaboration on carbon reduction initiatives.
With almost one third of Ibstock’s carbon emissions falling under this category, it is important for Ibstock to understand the challenges being faced across the industry and to bring the best minds together in order to tackle them. In doing so, its findings can be aligned with its ESG Strategy to 2030, and ambition of becoming a Net Zero business by 2040.
ESG Strategy update
Addressing Climate Change is one of the three pillars of Ibstock’s ESG Strategy to 2030, which was launched earlier this year. Attendees were given an update on progress made towards Ibstock’s decarbonisation goals and invited to join in roundtable discussions, outlining how their businesses are approaching the journey to Net Zero. Participants were also shared their own challenges, best practice and offered examples of innovative solutions being implemented to reach their sustainability targets.
The findings and outcomes that arise from events like this will be crucial as Ibstock develops its pathway for reaching Net Zero and wider sustainability ambitions.
Darren Waters, chief operating officer at Ibstock plc, said: “We believe in the power of collaboration and partnership. With this in mind we are keen to work with suppliers to develop new ideas and solutions to support our sustainability journey. It is why events like our Supply Chain Engagement Day are so important. By understanding the challenges being faced, we can co-create solutions that will lead to more rapid and effective change. Reducing our Scope 3 emissions is a key priority for us as we seek to be a Net Zero business by 2040, and the findings of this event will help us deliver our carbon reduction strategy.”