Installed Building Products Publishes 2024 Environmental, Social and Governance Report

Installed Building Products, Inc. (the “Company” or “IBP”), an industry-leading installer of insulation and complementary building products, announced the release of the Company’s 2024 Environmental, Social and Governance (“ESG”) report, which highlights important milestones the Company achieved during the past year, as well as the Company’s ongoing ESG policies and commitment to the environment, its employees, and its communities by promoting a more sustainable and equitable future.

“Earlier this year, IBP celebrated 10 years as a publicly traded company. During those 10 years, we have had a successful track record of executing on our growth strategy, while delivering on our financial expectations. At the time of our public offering in 2014, we had approximately 3,200 employees, with a national residential insulation market share of approximately 16%. Presently, we have over 11,000 employees and service approximately 30% of the residential insulation market. This growth has enabled us to further our efforts in improving the lives and opportunities of our employees and increase the reach of our environmental efforts. As a leading building products company with more than 250 locations, we have the great privilege of doing business with builders, homeowners, and businesses in communities across the country. With that privilege, we know we also have a great responsibility to our employees, customers, and neighbors,” stated Jeff Edwards, Chairman, President and CEO.

IBP has made continued progress toward many of the goals and objectives outlined in its inaugural ESG report that was issued in 2021. This is a testament to the commitment of the Company’s team members who embody IBP’s corporate values, mission, and vision. In addition, IBP plays a direct role in creating a sustainable future through its daily business operations by installing products that promote energy efficiency. Approximately 65% of the Company’s 2023 revenue was from service related to the installation, distribution, and manufacturing of energy-saving insulation.

Highlights of IBP’s 2024 ESG report include the following updates:

• Decreased the CO2 emissions from spray foam applications from the unadjusted 2020 baseline by approximately 55%, while the quantity of spray foam materials used in insulation have increased nearly 20% over the same period
• Diverted over 120,000 metric tons of CO2 emissions from the atmosphere using recycled paper
• Increased energy usage from carbon free electricity supplies to over 35% of IBP’s total usage
• Maintained IBP’s commitment to safety with zero fatalities
• Provided over $50,000 in financial support to help IBP employees experiencing hardships
• Awarded over $1 million to eligible employees in the form of $5,000 renewable scholarships during the most recent application window through IBP’s Building for Tomorrow Scholarship program
• Contributed over $2.5 million to nonprofit organizations across the country through the Installed Building Products Foundation, bringing IBP’s total philanthropic impact since 2019 to over $10 million

“IBP’s Board of Directors and management team recognize the importance of ESG issues and their impact on our stockholders, customers, employees, and communities. While we celebrate the real progress that has been made in our efforts to become a leading corporate citizen, we know our ESG journey is not finished. I look forward to the next 10 years and all the opportunities to come for us to expand our social responsibility practices so that we can continue to be a force for positive change locally and nationally,” concluded Mr. Edwards.

IBP’s Commitment to its Communities

As IBP continues to grow, so does its commitment to being a positive force in the communities where IBP’s employees live and work. Through the Installed Building Products Foundation and corporate giving programs, the Company contributes approximately 1% of its annual EBITDA each year to support local communities throughout the country with initiatives primarily focused on education, housing-related needs and strengthening communities.

To learn more about IBP’s sustainability initiatives and to read or download the 2024 sustainability report, please visit https://installedbuildingproducts.com/sustainability/.

About Installed Building Products

Installed Building Products, Inc. is one of the nation’s largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. The Company manages all aspects of the installation process for its customers, from direct purchase and receipt of materials from national manufacturers to its timely supply of materials to job sites and quality installation. The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial building projects in all 48 continental states and the District of Columbia from its national network of approximately 250 branch locations.

Source: Installed Building Products, Inc.