FERGUSON PLC: Ferguson Publishes FY2023 ESG Report 'Building Momentum, Sustainably'
11 October 2023 - 9:45PM
UK Regulatory
TIDMFERG
Ferguson plc (NYSE: FERG; LSE: FERG) today published its fiscal
year ("FY") 2023 ESG Report, outlining the Company's progress on
its ESG strategy and vision to minimize the environmental impact of
its operations and foster a culture that is safe, inclusive,
accepting and engaging for all its associates.
"ESG may be how it's described today, but Ferguson has lived
these values for the past 70 years," said Kevin Murphy, Ferguson
CEO. "We help take care of our people and the planet, and aim to
run a sustainable business our partners can count on for years to
come."
Key highlights from the FY2023 ESG Report include:
-- Remained steadfast in its commitment to its First in Safety culture,
lowering its total recordable injury rate (TRIR) by 14% and its lost time
rate (LTR) by 21% in the fiscal year.
-- Achieved 33% revenue intensity reduction (per million USD of revenue)
in Scope 1 and 2 GHG emissions since 2019/2020 baseline year by holding
absolute emissions steady against an increasing revenue.
-- Signed a 65-megawatt Virtual Power Purchase Agreement (VPPA) with ENGIE
North America, which is expected to generate enough clean wind power to
match a significant portion of Ferguson's annual electricity use in the
United States and Canada.
-- Advanced Ferguson's Environmental Product Strategy, furthering its
ability to help its customers achieve their sustainability goals through
products and solutions that span nine customer groups.
-- Expanded its efforts to build a diverse talent pipeline, launching
three new learning programs for female leaders.
-- Demonstrated its commitment to building a sustainable skilled trades
pipeline by becoming a founding sponsor of Women in Plumbing and Piping
(WiPP), a nonprofit dedicated to empowering and supporting women in the
plumbing industry.
"Our most significant opportunity is to foster greater
collaboration across our customer groups -- bringing together our
core strengths," added Murphy. "By expanding our role throughout
the entire project lifecycle we can solve big problems and help our
customers and the communities prepare for a more sustainable
future."
Learn more about Ferguson's ESG strategy and read the FY2023 ESG
report at corporate.ferguson.com/ESG.
About Ferguson
Ferguson plc (NYSE: FERG; LSE: FERG) is a leading value-added
distributor in North America providing expertise, solutions and
products from infrastructure, plumbing and appliances to HVAC,
fire, fabrication and more. We exist to make our customers' complex
projects simple, successful and sustainable. Ferguson is
headquartered in the U.K., with its operations and associates
solely focused on North America and managed from Newport News,
Virginia. For more information, please visit corporate.ferguson.com
or follow us on LinkedIn
linkedin.com/company/ferguson-enterprises.
Cautionary note on forward-looking statements
Certain information included in this announcement is
forward-looking, including within the meaning of the Private
Securities Litigation Reform Act of 1995, and involves risks,
assumptions and uncertainties that could cause actual results to
differ materially from those expressed or implied by
forward-looking statements. Forward-looking statements cover all
matters which are not historical facts and speak only as of the
date on which they are made. Forward-looking statements can be
identified by the use of forward-looking terminology such as
"will," "aim," "expects" or other variations or comparable
terminology.
Many factors could cause actual results or our plans to differ
materially from those in such forward-looking statements,
including, but not limited to: the risk that the initiatives and
priorities described in this announcement may be delayed,
cancelled, suspended or terminated; weakness in the economy, market
trends, uncertainty and other conditions in the markets in which we
operate, and other factors beyond our control, including disruption
in the financial markets and any macroeconomic or other
consequences of the current conflict in Ukraine or potential
conflict between China and Taiwan; failure to rapidly identify or
effectively respond to direct and/or end customers' wants,
expectations or trends, including costs and potential problems
associated with new or upgraded information technology systems or
our ability to timely deploy new omni-channel capabilities;
unsuccessful execution of our operational strategies; the costs and
risk exposure relating to environmental, social and governance
matters, including sustainability issues, regulatory or legal
requirements, and disparate stakeholder expectations; adverse
impacts caused by a public health crisis; and other risks and
uncertainties set forth under the heading "Risk Factors" in our
Annual Report on Form 10-K filed with the Securities and Exchange
Commission (the "SEC") on September 26, 2023, and in other filings
we make with the SEC in the future. Forward-looking statements
regarding past trends or activities should not be taken as a
representation that such trends or activities will continue in the
future. Other than in accordance with our legal or regulatory
obligations, we undertake no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
Investor Inquiries
Brian Lantz
Vice President, IR and Communications
+1 224 285 2410
Brian.lantz@ferguson.com
Pete Kennedy
Director, Investor Relations
+1 757 603 0111
Peter.kennedy@ferguson.com
Media Inquiries
Christine Dwyer
Senior Director, Communications and PR
+1 757 469 5813
Christine.dwyer@ferguson.com
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CONTACT:
Ferguson plc
SOURCE: Ferguson plc
Copyright Business Wire 2023
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