BBMG

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

BBMG began disclosing its scope 1+2 emissions in the year 2021. This data is insufficient to provide a meaningful assessment of its historic emissions intensity trend. Additionally, the company has not yet disclosed its Scope 3 emissions. BBMG does not report any emission targets, hence the company should develop a long-term target that aligns with its 1.5°C pathway and covers its scope 1, 2 and 3 emissions.

There is no evidence that BBMG has a low-carbon transition plan. The company should establish a time-bound action plan that outlines how it will transition to a low-carbon economy. This should include medium and long-term targets, verifiable and quantifiable key performance indicators and financial commitments. The plan should be informed by scenario analysis to ensure that the plan’s ambition is sufficient for a 1.5°C pathway.
BBMG is developing some actions to decarbonise activities within its existing business models, such as building a biomass power plant or working on a CCUS demonstration project. However, since no further details are disclosed, it is unclear whether these actions would have a significant impact on any of the relevant activities in terms of greenhouse gas emissions reduction.

While BBMG mentions the development of alternative fuels, it is not clear what percentage these represent. The company invested USD 60.9 million in research and development (R&D) in 2022. However, the company does not disclose what proportion of its R&D expenditure is invested in low-carbon technologies. Additionally, there is no evidence that it carries out interventions within its value chain to reduce greenhouse gas emissions for purchased or imported clinker/material.

No evidence was found to suggest that BBMG engages with suppliers or clients on climate change issues or GHG emissions reduction through strategies, initiatives or partnerships. The company does not have a public policy for engagement with trade associations/industry organisations. No evidence was found to indicate that the company opposes or publicly supports climate-aligned policies. BBMG can increase its credibility by developing and publicly publishing a monitoring and review process to ensure its policy positions are aligned with the values of the Paris Agreement.

BBMG has not disclosed setting any emission reduction targets yet.

While the company claims leadership in the green building materials segment, no evidence of progress towards a successful low-carbon transition has been found. BBMG does not disclose Scope 3 emissions data, any GHG emission targets nor financials related to low-carbon activities.

No evidence of past progress towards a low-carbon transition has been found. Despite the company’s claims of leadership in the green building materials sector, BBMG remains heavily reliant on high-carbon activities.

The company invested USD 60.9 million in research and development (R&D) in 2022. However, it does not disclose what proportion of its R&D expenditure is invested in low-carbon technologies. While BBMG mentions some actions to decarbonise its activities, such as building a biomass power plant or working on a CCUS demonstration project, it is unclear whether these actions would have a significant impact.

No evidence of a clear transition plan including measurable targets and specific initiatives has been found.

No evidence was found of the company’s commitment to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders. No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

The company discloses the actions it takes to create jobs, including targeted recruitment. However, no public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups.  Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks. The company discloses the actions it takes to provide re- and up-skilling opportunities for workers and affected stakeholders. For instance, it offers targeted training for certain groups. However, no relevant disclosure was found of the company embedding equality of opportunity for women and vulnerable groups in these actions. Furthermore, no evidence was found of the company having a process for identifying skills gaps for workers and affected stakeholders or a public commitment to help workers displaced by the transition to re- or up-skill.

No relevant disclosure was found to show if the company identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders. No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

No policies or commitments of the company related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain.

The company discloses some statistics regarding the diversity of its workforce, including the ages and proportion of each gender by employee category. Beyond this, no other evidence of the company’s policies or commitments related to key decent work issues were found in the public domain. These issues include the provision of secure, safe and healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making.

No policies or commitments of the company related to key ethical business topics – personal data protection, tax, bribery and corruption, and lobbying and political engagement – were found in the public domain. This includes ensuring ethical business conduct throughout its operations and in its relationships with business partners.