Kingspan Group, a global leader in high-performance insulation and building envelope solutions, has today released its third annual report for its 10-year sustainability programme.
Planet Passionate. 2022 marked another milestone year for the programme, as Kingspan unveiled a 26% reduction in absolute scope 1 and 2 GHG emissions relative to its 2020 base year marking significant progress against its target of a 90% reduction by 2030, that it had completed over 100 Planet Passionate projects in 2022, and that, as of January 2023, it has implemented an internal carbon charge of 70€/tCO₂e In addition, the estimated emissions savings benefit from Kingspan insulation systems sold in 2022 is 173 million tonnes of CO2e, enough to power a major airline for 15 years.
Other key highlights:
- The capacity to create 9 billion lumens of natural light every year through the Kingspan daylighting systems sold in 2022, enough to light up 1 million homes
- Over 48 billion litres of rainwater could be harvested by tanks produced in 2022, enough to fill over 600 million baths
- In 2022 alone, Kingspan recycled the equivalent of 803 million waste plastic bottles into their production processes, enough bottles to fill nearly 1,000 football pitches
The Group also continues to make efforts to progress towards its verified science-based target to reduce absolute scope 3 GHG emissions by 42% by 2030, as it continues to pursue its decarbonisation strategy for its key raw materials from its upstream supply chain.
By collaborating with suppliers on absolute carbon reductions across its value chain, Kingspan aims to reduce the carbon intensity of its key products and make progress towards its target of a 50% reduction in product CO₂e intensity from its primary supply partners by 2030.
As Kingspan looks to put absolute carbon reductions at the centre of its Planet Passionate programme, the Group has introduced an internal carbon charge across its global business as of January 2023. The starting price will be 70€/tCO₂e (scope 1&2 GHG emissions, excluding process and biogenic emissions).
The incorporation of Derbigum into the Kingspan Group, as part of the new Roofing and Waterproofing Division, is a notable highlight as the Group looks to lead the way in circularity in roofing and waterproofing. Derbigum’s “No Roof to Waste” enables the collection and recycling not only of production waste and cut-offs, but of old roofs, which are fully recycled; an exciting scheme which aligns with Kingspan’s portfolio of Planet Passionate programmes.
The Group also completed the acquisition of Troldtekt in March 2022, a Danish producer of acoustic insulation containing wood fibre, marking Kingspan’s first significant step into the ‘bio-based insulation’ category.