Our business strategy recognises our responsibility to shareholders – to deliver value creation and long-term sustainability.
Boral’s future depends on us having a robust and socially responsible supply chain, enduring stakeholder relationships, an engaged and reliable workforce, sustainable community and environmental impacts, and businesses that address the needs of today and the future.
In recent years, we have fundamentally altered Boral’s portfolio to deliver better financial returns and respond to a changing world. We have been shifting away from energy and resource-intensive, high fixed cost manufacturing to lightweight, innovative and more variable cost building products and materials. Through our strategy to transform Boral, we have significantly reduced Boral’s environmental footprint. Boral’s carbon dioxide equivalent (CO2-e) emissions today are 29% below emissions levels in FY20121.
This transformation in Boral’s footprint is largely a result of consolidations, joint ventures, divestitures, plant closures, innovations and acquisitions over the past five years. We have strengthened and invested in our traditional Australian construction materials business, with modern plant and equipment, lean operating practices, a commitment to Zero Harm and increased investment in innovation.
We have brought world-leading technologies to plasterboard markets across Asia, Australasia and the Middle East.
This is seeing game-changing product performance characteristics for our customers and step-changes in manufacturing processes, and it will continue to drive down water usage, energy consumption and raw material usage. We are the leader in fly ash technologies in North America, enhancing the use of coal combustion by-products in concrete, plasterboard and cladding products. We are reducing both the carbon- and capital-intensities of our operations in North America, and we are being more responsive to changing customer needs to deliver improved returns.
We are continuing this transformation strategy to be more innovative, focusing on products, materials and operations that have a lighter touch and meet the expectations of our stakeholders. We are investing further in materials-based research and development, driving safety performance towards world’s best practice, developing our people to effectively lead and respond in a dynamic world, reducing our environmental footprint, positioning the business for more sustainable growth, and becoming more profitable.