ESG
Intro
As a leader in distribution and conversion of innovative insulation solutions, we aim to contribute to a world that is sustainable, safe and comfortable to live and work in. Not only through high-performing and innovative products and services, but also through exemplary environmental, social and governance (ESG) performance.
We are proud to be part of a growing community of businesses committed to creating a more sustainable and equitable world.
Join us on this journey towards a better future.
Our Sustainability Journey
In the light of the enormous environmental, social and governance hurdles ahead, IPCOM has made a profound and ambitious commitment to sustainability. This commitment was inspired by a very clear decision: to place ESG at the heart of our business process. We firmly believe that safeguarding the planet, our workforce, and our business is not only vital for the company's success but also a collective obligation shared by all within the IPCOM community.
We are committed to ensuring that ESG matters are considered and supported throughout the group, serving the best interests of all those impacted within our company, including customers, suppliers, employees, shareholders and the communities we live in.
ESG is a journey and there's still a long way to go. As we are moving forward, our ambition increases and new challenges present themselves along the way. But we are convinced: together, we (can) make a difference.
EcoVadis Sustainability Rating
Every year IPCOM takes the EcoVadis sustainability assessment and rating. EcoVadis is an internationally recognized provider of business sustainability ratings. The assessment is based on a customized questionnaire, which is designed according to size, countries of operations and industry of the assessed company. It provides a scorecard which is built upon 190 ESG factors reviewed by sustainability experts and addresses four main pillars of ESG: Environment, Labour and Human rights, Ethics and Sustainable Procurement.
In August 2024, IPCOM has been awarded a Committed Badge. This recognition demonstrates our commitment to sustainability and sets high standards moving forward. We are determined to continue our ESG-journey and advance towards our sustainability goals.
ESG Governance
Board Oversight of Sustainability
IPCOM's Board of Directors has direct oversight of the company’s environmental, social and governance (ESG) strategy and commitments. IPCOM’s approach to sustainability is key to the company successfully executing its strategy and as such is viewed as a core responsibility of the entire Board and Senior Management.
Shared responsibility
Delivering ESG performance is a shared responsibility of all IPCOM group companies and business units, where each has ESG champions, that work together with the corporate ESG team to implement the most efficient pathways to reaching our shared goals.
Stakeholder Engagement
We value a continuous dialogue with our stakeholders, to understand and meet their expectations, and maximize our positive impact on society.
Environment
We aim to increase our positive impact on society and environment by maximizing the positive sustainability impact of our products and minimizing our negative operational impact.
We are committed to conducting our business in a way that demonstrates our dedication to global environmental sustainability.
This commitment is reflected in the following priorities:
- Offer the most sustainable and environment-friendly materials to our customers;
- Improving our environmental performance on a continuous basis; and
- Working with suppliers who operate with similar dedication to global environmental sustainability.
Each of our IPCOM group companies is responsible for establishing, monitoring and adjusting sustainability initiatives that are aligned with IPCOM’s environmental sustainability priorities.
Social
We recognize that our operations and supply chains touch the lives of countless individuals around the world. We believe that every person associated with our business, whether directly employed by us, working within our supply chains, or part of the communities in which we operate, deserves to be treated with dignity and respect.
Our commitment to human rights and labour standards is foundational to our values and our business practices.
We to strive to make progress by:
- Continuously improving our health and safety performance, in compliance with national laws and international standards.
- Creating open workplaces and fostering open dialogue, honest feedback, transparency and accountability .
- Investing in the development and training of our talent.
- Expanding and measuring our efforts to create a diverse workforce and an inclusive culture.
- Investing in the communities where we do business and where our colleagues live and work.
Ethics and Governance
IPCOM’s commitment to strong corporate governance, compliance and ethical conduct is rooted in our core values and sets the foundation for our day-to-day business operations.
Driven by our management team and Board of Directors, this commitment is ingrained in our culture and all IPCOM group colleagues understand the expectation to uphold our values and adhere to policies and practices promoting fair, ethical and honest business dealings, robust governance, and compliance with applicable laws.
These areas are a priority as we believe that our success depends upon a relation of trust and professionalism with our main stakeholders, namely our employees, commercial partners, shareholders, government authorities and the general public. Our unwavering commitment to honesty and integrity, and to doing business the right way, is critical to who we are as a company.
Sustainable Procurement
IPCOM is committed to conducting business with the highest standards of ethics, integrity, and social responsibility. We believe that our suppliers play a crucial role in helping us achieve this goal. We are committed to working with suppliers who operate responsibly and share our dedication to environmental & sustainability standards. Conducting supply chain due diligence is an important part of our overall sustainability efforts.
We expect our key suppliers to acknowledge and sign IPCOM’s Supplier Code of Conduct and to complete an annual self-assessment questionnaire, in order to verify their policies, commitment and initiatives.
We believe that compliance with this code of conduct is essential to building a responsible and sustainable supply chain that benefits all stakeholders. We are committed to working with our suppliers to ensure that they meet the standards set forth in this code of conduct, and to continuously improve our collective environmental, social, and ethical performance.
Whistleblowing guidelines
IPCOM provides a clear, accessible, and confidential process for employees and other stakeholders to raise concerns or report misconduct without fear of retaliation.
- Our grievance mechanism is designed to ensure timely and fair resolution of complaints, promoting transparency and accountability.
- We encourage anyone who believes that non-compliant behaviour has occurred to come forward, with assurance of protection from retaliation.
Employees are encouraged to raise any issues with local management or with the IPCOM Compliance Officer, or to report through the IPCOM’s Whistleblower Channel at https://ipcom.integrity.complylog.com.
This grievance mechanism is available to every internal and external stakeholder, with the objective that anyone can (anonymously) raise a complaint or concern about any activity that is not in line with our policies and legal standards. Each notification through this channel will be treated with our investigative principles of humanity, confidentiality, proportionality and safeguarding to the matter raised.
