IBSTOCK PLC.
IBST.LSE | Manufacture of clay building materials
Ibstock PLC is a United Kingdom-based manufacturer of clay bricks and concrete products. The company operates through two divisions: Ibstock Clay and Ibstock Concrete. The Ibstock Clay division manufactures and sells clay bricks, special shaped clay products, and clay pavers used in residential and ...Show More
Better Health for All
10
Ibstock's principal products, clay bricks and concrete, have no significant direct positive or negative health impact on users. While its EcoHabitat range promotes biodiversity, this is an indirect environmental benefit rather than a direct health impact from its core offerings. The company has a comprehensive mental health program, launched in 2022, supporting 2,300 employees.
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This includes 72 qualified Mental Health Allies (MHAs) across its sites, education for managers to identify signs of poor mental health, peer support groups, and professional development for MHAs.
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The company uses a platform to track conversations between MHAs and employees to target specific wellbeing support, which has led to a 6+ increase in its wellbeing engagement score.
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Fair Money & Economic Opportunity
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Ibstock PLC is a manufacturer of clay bricks and concrete products, not a financial institution. As such, the company does not offer lending or deposit services, consumer credit products, or financial education programs. Therefore, all KPIs related to financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives (loan/insurance book), data accessibility (open-banking APIs), fair lending compliance, wealth building outcomes (customer credit/savings), profit reinvestment (community finance), financial literacy initiatives, debt burden ratio, and geographic inclusion (banking deserts), are not applicable to its core business model, aligning with the '0' tier definitions in the rubric.
Fair Pay & Worker Respect
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As of 2020, the company reported a mean gender pay gap of 19%, indicating that women earned 81% of men's pay.
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In 2022, the voluntary employee turnover rate was 5.9%.
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Fair Trade & Ethical Sourcing
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Ibstock PLC ensures that 78% of its procurement spend meets its Sustainable Supplier Code of Business Conduct.
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This code outlines expected behaviors for third-party partners, prohibiting forced, compulsory, and child labor, and requiring suppliers to pay wages meeting national legal and industry standards.
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The company conducts risk assessments, identifying recruitment and suppliers with operations outside the UK as higher-risk areas, and has policies in place to manage and mitigate these risks.
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Ibstock states it will terminate contracts with suppliers who violate these principles or refuse remediation plans.
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Honest & Fair Business
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The company operates a MySafeWorkplace anonymous incident reporting system, assuring confidentiality for employees to report wrongdoing, and the Audit Committee receives reports on this policy.
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Ibstock has an Anti-Bribery Policy with a zero-tolerance approach to anti-competitive activity.
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All relevant managers and commercial employees are required to undertake annual online compliance training on anti-bribery, competition law, conflicts of interest, and business ethics.
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The company reported one financial restatement in 2023 to reflect an internal restructure.
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Kind to Animals
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Ibstock PLC actively contributes to wildlife conservation by donating surplus bricks for 'crayfish reefs' to aid endangered White-clawed Crayfish, in collaboration with the Midland Crayfish Partnership, Staffordshire Wildlife Trust, and Buglife.
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The company offers an EcoHabitat range, including products like bee habitat bricks, bat boxes, and hedgehog-friendly gravel boards.
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Ibstock developed a Biodiversity Management System in 2023, which was piloted at its Leicester site and is being rolled out across all sites by 2025 to track biodiversity value and identify enhancement opportunities.
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The company aims to achieve Biodiversity Net Gain across its 3,200-acre estate by 2030, working towards becoming a net positive biodiversity business.
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As a manufacturer of clay bricks and concrete products, Ibstock's operations do not involve animal testing, animal agriculture, or animal-derived ingredients, rendering several animal welfare KPIs not applicable.
No War, No Weapons
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Ibstock PLC operates in the building materials industry, focusing on civilian infrastructure and residential projects, with no evidence of involvement in military contracts, arms manufacturing, or the military-industrial complex.
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The company does not engage in specific peace-building initiatives or conflict resolution programs.
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Its Supplier Code of Conduct includes expectations related to human rights, prohibition of forced/child labor, and fair wages
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, with a zero-tolerance approach to modern slavery
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, but these are not ethical red lines related to weapons. There is no evidence of exposure to controversial or banned weapons.
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Planet-Friendly Business
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The company procures 100% of its purchased grid electricity from renewable sources, including hydro, wind, and solar power, a practice in place since 2021.
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In 2024, 95.4% of general waste was diverted from landfill, with 4.6% sent to landfill.
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The company has a net-zero target for Scope 1 and 2 carbon emissions by 2040, supported by an interim target of a 40% reduction by 2030 against a 2019 baseline.
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A net-zero target for Scope 1, 2, and 3 is set for 2050.
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However, the company's targets are not explicitly stated as Science Based Targets initiative (SBTi) aligned.
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For material use, the Sittingbourne site replaces 12% of virgin materials with crushed, recycled material in floor beams.
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The company is developing its Carbon Transition Plan in line with the recommendations published by the Transition Plan Taskforce (TPT).
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Respect for Cultures & Communities
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Ibstock PLC has established 11 formal partnership agreements with various organizations, including Walsall College, HBF, Keon Homes, West Midlands Combined Authority (WMCA), CITB, North Star Science School, STEAMhouse, BPIC Network, the Construction Inclusion Coalition (CIC), CIOB, and Shelter.
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The company invested £64 million in a new Atlas brick factory in Walsall, which created 50 new jobs and 3 apprenticeships.
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Additionally, Ibstock donated 311,000 bricks to schools and colleges
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and raised over £170,000 for Shelter between 2019 and 2022.
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Safe & Smart Tech
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Ibstock PLC has no documented incidents of unauthorized data use. The company complies with the General Data Protection Regulation (GDPR) and the Data Protection Act 2018.
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It follows the UK government's Cyber Essentials standard, restricts data access to necessary personnel, and encrypts data transmitted over the internet.
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Individuals have rights to access, rectify, or erase their personal data.
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The company states it does not engage in profiling or automated decision-making for general operations or employment.
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Ibstock also maintains specific data retention periods, such as 90 days for visitor information, 28 days for CCTV data, 6 years for general employment data, and 7 years for customer and marketing data.
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Zero Waste & Sustainable Products
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In 2023, Ibstock achieved a 95% waste diversion rate, sending only 5% of general waste to landfill.
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The company has implemented multiple waste reduction initiatives, including eliminating over 200 tonnes of plastic packaging between mid-2020 and December 2021, and investing in lower carbon products and partnerships for ultra-low carbon concrete.
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Ibstock has set company-wide waste reduction targets, aiming for zero waste to landfill by 2025
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and a 40% reduction in preventable plastic usage by 2025.
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