Ferguson PLC is engaged in the distribution of plumbing and heating products and building materials. The company’s businesses serve residential repair, maintenance and improvement and new construction markets. Ferguson operates in the North America, the U.K., and across the entire Nordic region. The company is headquartered in Switzerland.
Ferguson believes environmental concerns will drive demand for the renovation of existing buildings and energy efficiency regulations, saying “as building regulations increasingly focus on sustainable enhancements, eco products represent a growth opportunity.” To that end, the company actively engages with policy makers in Europe on a wide range of topics including regulations aimed at increasing the uptake of renewable energy heating systems. To limit the social impact of its supply chain, Ferguson screens suppliers on ethical behavior through a risk assessment portal and has an auditing system in place for manufactures of its private label products. To manage its direct environmental footprint, Ferguson has invested in Leadership in Energy and Environmental Design (LEED) certified distribution centers, solar panels, installation of energy efficient lighting solutions and a fleet routing program to optimize routes which reduces mileage and associated fuel consumption. To monitor and manage employee well-being, Ferguson uses an annual engagement survey, offers an employee stock purchase plan and has a talent management program which includes a Training Academy with accredited apprentice programs.
While Ferguson’s Health & Safety programs utilize an audit system to track progress, only 10% of the company’s assets are Occupational Health and Safety Assessment Series (OHSAS) 18001 certified.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/2017 and may not reflect current opinions or subsequent events.