GlobalData offers a comprehensive analysis of Fletcher Building, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Fletcher Building‘s ESG performance. GlobalData’s company profile on Fletcher Building offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Fletcher Building, a leading construction company, has set ambitious net-zero targets to reduce its carbon emissions. The company aims to achieve these targets in line with the Paris Agreement's goal of limiting global warming to below 2°C. Fletcher Building plans to reduce both direct and indirect greenhouse gas emissions by 30% by 2030 and achieve net-zero by 2050. This commitment reflects the company's dedication to taking responsible action towards climate change.
To achieve its net-zero targets, Fletcher Building has already taken several steps. The company actively looks for ways to save energy within its work environment and encourages employees to contribute their ideas for energy conservation. Fletcher Building also participates in the Carbon Disclosure Project and the Dow Jones Sustainability Index, using insights from these indexes to improve its governance and sustainability performance.
In addition to these efforts, Fletcher Building's sustainability strategy focuses on deepening its commitment to the environment, its people, and innovating sustainable products. The company recognizes the importance of reducing greenhouse gas emissions and aims to achieve transparent reporting in this regard.
In FY23, the company's combined Scope 1 and 2 emissions totaled 1.021 Mt CO2e, reflecting a 4% decrease compared to FY22 and a substantial 16% reduction from the FY18 baseline year. The Scope 3 emissions for FY23 were reported at 1.45 Mt CO2e. This progress aligns with their Science-based Target of achieving a 30% reduction by 2030 and aligns with the overall objective of attaining net zero emissions by 2050.
Fletcher Building demonstrates active efforts in reducing its carbon footprint, evident through its pursuit of net-zero targets and commitment to emission reduction for environmental sustainability. Their dedication to achieving net-zero goals and curbing greenhouse gas emissions underscores their responsibility to the environment, people, and innovation in sustainable products. The company actively engages in seeking energy-saving solutions, participating in sustainability indexes, and employing strategies to reach its emission reduction objectives.
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