Ibstock commits to net zero by 2040

The construction company will invest in net zero factories and renewable electricity to reach its goal

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Brick maker Ibstock has committed to achieving net zero emissions by 2040.

The company has set a primary goal of achieving a 40% reduction in its carbon emissions by 2030, with this number reaching zero 10 years later.

The targets are based on Scope 1 and 2 emissions, with the business stating its aim to announce a strategy for tackling Scope 3 emissions later this year.

To kickstart its journey, Ibstock will invest £115 million into two new net zero factories and begin to only buy 100% renewable electricity for its operations.

Joe Hudson, CEO, said: “These new carbon commitments, including our pledge to be net zero by 2040, represent a bold step on our journey to address climate change and move the business into the low carbon economy.

“I am proud of our colleagues across the business who are driving forward our sustainability agenda and securing its place at the core of our purpose as a business and I look forward to presenting further details on our ambitions and targets in March 2022.”