Fletcher Building

No leading practices were identified in the governance and strategy area.

No leading practices were identified in the ecosystems and biodiversity area

No leading practices were identified in the social inclusion and community impact area

Sustainability strategy and accountability

Fletcher Building discloses its process for identifying and prioritising its most relevant sustainability impacts as well as the outcome of this process, in relation to its sustainability strategy. Although Fletcher Building discloses targets regarding greenhouse gas emissions, it does not disclose further group-wide targets on key sustainability topics for the most material parts of its value chain. The company reports consistently against all its targets. Fletcher Building does not disclose having individuals, teams or committees within the company responsible for the implementation of its sustainability strategy. No evidence was found that the company links performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues. Finally, it does not disclose whether its highest governance body has expertise regarding nature-related topics.

Stakeholder engagement

The company does not disclose how it engages with stakeholders, nor the issues it raises during such activities.

Lobbying

The company does not report on its lobbying and advocacy practices on nature-related issues, nor whether these activities align with its sustainability strategy.

Impact and dependencies assessment

The company has not holistically assessed its impacts or how it depends on nature, including biodiversity. It has an opportunity to start such an assessment across its value chains, focused on quantification of its impacts or dependencies.

Key areas and species

The company does not disclose key species or areas important for biodiversity affected by its operations or suppliers. It has an opportunity to increase its transparency.

Ecosystem conversion and restoration

No evidence was found regarding Fletcher Building ‘s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets around this topic. Moreover, Fletcher Building does not disclose a commitment to restore ecosystems, nor details and outcomes of ecosystem restoration projects in areas affected by its own operations or by its suppliers.

Resource exploitation and circularity

No evidence was found regarding the company’s efforts to work towards a circular economy or which organisms it exploits. Fletcher Building has an opportunity to develop a strategy and publicly report on specific, time-bound targets. The company does not disclose efforts to improve soil health.

Water

The company does not disclose relevant information related to water, in its operations or supply chains. The company does not disclose a commitment to respect the right to water. The company does not disclose its processes for implementing preventive and corrective action plans for identified specific risks to the right to water and sanitation in its own operations.

GHG emissions

The company is reducing its scope 1 and 2 greenhouse gas emissions. The company commits to reducing 30% of its Scope 1 and 2 GHG emissions by 2030, which is aligned with a well-below-2 degrees pathway. The company reports progress against its scope 1 and 2 emissions target. While the company discloses it has a science-based target aligned with a well-below-2 degrees pathway. No evidence that Fletcher Building reduces its scope 3 emissions was found. The company has an opportunity to disclose a time-bound target to reduce its scope 3 emissions, aligned with a 1.5-degree trajectory and to report progress against it.

Invasive species
The company has not identified any activities that could lead to the introduction of invasive species in its own operations.

Safe, healthy, clean environment

The company does not disclose a commitment to respecting local communities’ right to a safe, clean, healthy and sustainable environment or to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders.

Indigenous Peoples’ and land rights

The company does not disclose a commitment to respecting Indigenous Peoples’ rights or land rights of local communities.

While Fletcher Building discloses that it conducts due diligence in general, it has an opportunity to specify that it conducts human rights due diligence that includes a process for identifying human rights risks and impacts through its business relationships. It has an opportunity to describe a process for assessing the human rights risks it has identified and to disclose what it considers to be its salient human rights issues. A description of this process would include how relevant factors are considered, such as geographical, economic and social factors. No evidence was found that Fletcher Building has a global system in place to act on, prevent or mitigate its salient human rights issues. No evidence that the company provides an example of the conclusions reached and actions taken or to be taken on at least one of its salient human rights issues as a result of assessment processes was found. While it discloses the categories of stakeholders it engages with generally on sustainability issues, it is not clear if these stakeholders are those whose human rights have been or may be affected by its activities. No evidence that the company provides examples of its engagement with stakeholders whose human rights have been or may be affected by its activities was found.

Fletcher Building has a publicly available policy statement which shows it is committed to respecting the health and safety of workers. It has a publicly available policy statement which shows it expects its suppliers to commit to respecting the health and safety of their workers. Fletcher Building states that it compensates its employees competitively relative to the market and comply with minimum wage requirements, however no evidence that the company discloses a time-bound target for paying all workers a living wage or that it has achieved paying all workers a living wage was found. No evidence that the company describes how it determines a living wage for the regions where it or that it describes how it works to support the payment of a living wage by its suppliers was found. The company has an opportunity to disclose the coverage of collective bargaining agreements, as well as to describe how it works to support the practices of its suppliers in relation to freedom of association and collective bargaining.

The company discloses a tax strategy, but it is not applicable to all its operations. No evidence that Fletcher Building describes the process for identifying its bribery and corruption risks and impacts in specific locations or activities covering its own operations was found. The company includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships. It outlines its approach to lobbying and political engagement but does not formalise this approach in a public policy document. The company specifies that it does not make political contributions.