“Building Influence. Delivering Impact.”
From Our Footprint, Through A Meaningful Handprint, Ferguson Helps
Build a Better World
Newport News, VA—June 7, 2022—Ferguson plc (NYSE: FERG, LSE: FERG) today announced the release of its Fiscal
Year 2021 Environmental, Social and Governance (ESG) report. Titled
“Building Influence. Delivering Impact,” the report highlights Ferguson’s
progress in conducting its operations with a lighter footprint while
creating positive impact for its stakeholders.
“We are dedicated to minimizing the environmental impact of our operations
and fostering a culture that is safe, inclusive and engaging for our
associates,” said Kevin Murphy, Ferguson CEO. “This ESG report showcases
how our people, expertise and position within the value chain create
positive impact opportunities for our customers, suppliers and local
communities and help build a better world.”
Key highlights of Ferguson’s FY 2021 ESG report include:
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Ferguson’s ESG framework and vision for sustainability.
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Carbon reduction goals to reduce our Scope 1 and 2 emissions by 35% per million USD of
revenue by 2026.
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Ferguson’s water positive impact, comprising actions or initiatives that improve water access, water
quality or efficiency of water use in communities we serve.
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Enhanced governance processes to reflect Ferguson’s U.S. listing of shares on the New York
Stock Exchange.
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Alignment with the United Nation’s Sustainable Development Goals
(SDG) on clean water and sanitation (Goal: 6), decent work and economic
growth (Goal: 8) and responsible consumption and production (Goal: 12).
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ESG ratings from organizations like CDP (rating: B), MSCI (rating: AAA) and
Sustainalytics (rating: Low Risk).
“Our solid ESG ratings illustrate the progress that Ferguson has made over
the last decade in helping the community of builders sustainably transform
the world in which we live. We embrace the opportunity to extend a hand,
drive innovative products and solutions, and do our part to influence a
greener, healthier, safer and more sustainable future,” added Murphy.
More information about Ferguson’s ESG priorities can be found within the
ESG report, available at Fergusonplc.com.
About Ferguson
Ferguson is a leading North American value-added distributor 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 listed on the New York Stock Exchange (NYSE: FERG) and the London Stock
Exchange (LSE: FERG). For more information, please visit fergusonplc.com or follow us on LinkedIn.
Cautionary note regarding forward-looking statements
Certain information in this announcement is forward-looking within the
meaning of the United States 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," "should," or other variations
or comparable terminology. Many factors could cause actual results 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; risks associated with the relocation of our
primary listing to the US and any volatility in our share price and
shareholder base in connection therewith; weakness in the economy, market
trends, uncertainty and other conditions in the markets in which we
operate, and other factors beyond our control, including any macroeconomic
or other consequences of the current conflict in Ukraine; adverse impacts
caused by the COVID-19 pandemic (or related variants) or by any current or
future vaccination and/or testing mandates; unsuccessful execution of our
operational strategies; and the risks set forth in our Form 20-F filed
with the Securities and Exchange Commission on September 28, 2021, under
the heading "Risk Factors." 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
update publicly or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.
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