Installed Building Products, Inc. (IBP) has just released its 2025 Environmental, Social, and Governance (ESG) report, showcasing its dedication to sustainability and community engagement over the past year. The report highlights the company's ongoing efforts to support environmental sustainability, employee well-being, and community resilience.
One of the key achievements in the report is the significant reduction in CO2 emissions from spray foam applications. IBP has decreased CO2 emissions from the 2020 baseline by approximately 89%, reflecting the company's commitment to reducing its environmental footprint.
Moreover, IBP has increased its usage of carbon-free electricity supplies to approximately 38% of its total usage, demonstrating a tangible shift towards more sustainable energy sources.
In terms of employee support, IBP has granted $340,000 to employees in need of assistance since 2019, underlining its commitment to the well-being of its workforce. The company has also expanded programs focused on safety, mental health, and financial wellness, while investing in training and development to prepare its workforce for the future.
Furthermore, IBP is expected to award its 500th scholarship this fall through the IBP Foundation, with the total amount of scholarships awarded surpassing $6 million. This includes the introduction of the Jay Elliott Building for Tomorrow scholarship, a new $10,000 annual award honoring the legacy of one of IBP's most respected leaders.
The company has also continued its philanthropic efforts, contributing over $4.3 million to nonprofit organizations, including employee matching gifts, across the country through the Installed Building Products Foundation. This brings IBP's total philanthropic impact since 2019 to over $14 million.
As a result of these announcements, the company's shares have moved -0.53% on the market, and are now trading at a price of $239.20. Check out the company's full 8-K submission here.
