CARBON

• 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.
• Through the Installed Building Products Foundation and corporate giving programs, IBP contributes 1% of EBITDA each year to support local communities throughout the country with initiatives primarily focused on education and housing-related needs.
• To learn more about IBP’s sustainability initiatives and to read or download the 2023 sustainability report, please visit https://installedbuildingproducts.com/sustainability/ .

• In early 2023, the Guardian published an article suggesting that more than 90% of rainforest carbon offsets are worthless.
• These credits are essentially a promise to protect forests and can be bought as a way to “offset” emissions elsewhere.
• They quantify the carbon saved through reducing deforestation relative to what would have happened without the project, and sell these emission reductions as credits.
• The finding that many REDD+ carbon credits have not delivered forest conservation is extremely worrying to anyone who cares about the future of tropical forests.

Deforestation could simply move elsewhere

• Carbon credits also face other challenges, one of the biggest being “leakage” or displacement of deforestation.
• Leakage may occur because the people who were cutting down the forest simply relocate to a different area.
• Alternatively, demand for food or timber that was fuelling deforestation in one place may be met by deforestation elsewhere – perhaps on the other side of the world.
• Another problem is ensuring that the forests are protected in perpetuity so that reduced deforestation represents permanent removal of carbon from the atmosphere.

Reasons to be cautious

• Even if these problems can be solved, there are still reasons to be cautious about the role of carbon offsets in combating climate change.
• Second, keeping warming within 2°C will require most deforestation to be stopped and major reductions in fossil fuel emissions.
• If you want to contribute to tackling climate change, perhaps the only real option is to not take the flight.
• She has in the past been funded by the UK's Foreign, Commonwealth and Development Office, and the Natural Environment Research Council.

• ADEL, Iowa, Aug. 23, 2023 /PRNewswire/ -- Kuder, Inc. (Kuder) is excited to announce its partnership with Arizona State University (ASU) to support workforce development in the Electrified Processes for Industry without Carbon (EPIXC) institute .
• The U.S. Department of Energy (DOE) chose ASU to lead this seventh Clean Energy Manufacturing Innovation Institute.
• We're honored to lend our voice and experience to help achieve the nation's climate goals.
• Erin Milroy, Kuder President
  EPIXC is mobilizing a coalition of private companies including Kuder, National Labs, universities, labor unions, and community partners.

• Carbon removal company Equatic has developed a revolutionary process that relies on seawater electrolysis to capture and store carbon dioxide (CO2), while simultaneously producing clean hydrogen.
• Continuous, unambiguous data about operational performance can be obtained directly from in-plant measurements of CDR rate and extent.
• This data-driven approach ensures that the carbon removal process is meticulously monitored and recorded.
• This makes Equatic’s carbon removal approach a promising contender for tackling the issue of atmospheric carbon accumulation.