Installed Building Products, Inc. (IBP) — ESG & Values Scores

Environment story

IBP operates in the building-products installation sector with minimal direct manufacturing footprint (cellulose insulation facility). Scope 1&2 emissions data is not disclosed in the 10-K, preventing baseline assessment. Scope 3 emissions (product-usage phase) are undisclosed; the company sells insulation products which reduce building energy consumption, a positive indirect impact. No formal net-zero target or decarbonization roadmap is disclosed. The company publishes an annual ESG report since 2021, but lacks quantified climate commitments or verified renewable electricity percentages. Environmental risks identified include potential exposure to hazardous materials (spray foam, lead-based paint) at work sites and manufacturing; no material remediation or mitigation details provided. Tariff exposure on imported materials (aluminum 50% tariff as of 2025) and supply-chain dependencies create indirect environmental risk through price volatility. No major environmental fines or controversies disclosed in the 10-K.

Criticisms on file

Undisclosed Scope 1 and Scope 2 emissions; no net-zero target; no renewable electricity percentage disclosed.
Source: IBP 10-K Item 1A Risk Factors and MD&A; ESG report existence noted but data not provided in source documents.
Occupational exposure to hazardous/toxic materials (spray foam, lead-based paint) at work sites and primary manufacturing facility; risk of injury and property damage.
Source: IBP 10-K Item 1A Risk Factors - Environmental Regulation section.
Potential environmental liability as owner/lessee of real property; exposure to asbestos, petroleum products, or unknown environmental conditions from prior occupants.
Source: IBP 10-K Item 1A Risk Factors - Environmental Regulation section.

Disclosed initiatives

Annual ESG Reporting

Company publishes ESG report annually since 2021, including policies on environmental and social matters.

Transparency mechanism; no quantified emissions reduction targets disclosed.
Energy Efficiency Products

Core business involves installation of insulation and building products that improve building energy efficiency.

Indirect positive impact on customer Scope 3 emissions via improved thermal performance of buildings.
Lead with Safety Program

Year-round education and training initiative to reduce jobsite, warehouse and plant injuries.

Occupational safety; no quantified environmental mitigation.

Social story

IBP maintains a largely non-unionized workforce (less than 3% unionized as of 10-K disclosure), which limits direct labor-dispute risk but also indicates weak union engagement. The company participates in multiemployer pension and health/welfare plans in Washington, Oregon, California and Illinois for unionized employees. No CEO-to-worker pay ratio disclosed; without this metric, the 15-point deduction for ratios exceeding 200:1 cannot be applied, but the absence itself is a transparency gap. Leadership diversity percentages are not disclosed in the 10-K; supplier-diversity or civil-rights audit disclosures are absent. The 10-K notes significant labor-market competition, rising wage expectations, and health-insurance cost pressures as ongoing operational challenges. No documented union-suppression activities or major strikes within 24 months are disclosed. Supply-chain ethics (cobalt, lithium, conflict minerals) are not discussed. Non-compete agreements with branch managers and sales personnel may face enforceability challenges under emerging state legislation and FTC rulemaking. No EEO-1 data, diversity targets, or pay-equity commitments are disclosed in the 10-K.

Criticisms on file

No CEO-to-worker pay ratio disclosed; no executive/board diversity percentages disclosed.
Source: IBP 10-K - Proxy or compensation disclosures not provided in source documents.
Non-compete agreements may face enforceability challenges; FTC has voted to dismiss non-compete appeals and certain states have enacted legislation limiting enforceability.
Source: IBP 10-K Item 1A Risk Factors - Key Personnel section.
Tight labor markets, rising wage expectations, and health-insurance cost pressures create risk of employee turnover and wage inflation.
Source: IBP 10-K Item 1A Risk Factors - Dependent on Attracting and Retaining Employees section.
Unauthorized workers may be employed unknowingly; termination of significant numbers due to work-authorization issues could cause disruption, adverse publicity, and regulatory fines.
Source: IBP 10-K Item 1A Risk Factors - Immigration Laws section.
Subject to wage and hour lawsuits in ordinary course of business; ultimate resolution uncertain.
Source: IBP 10-K Item 1A Risk Factors - Legal Claims section.

Disclosed initiatives

Lead with Safety Program

Year-round education and training focused on creating safer working environment for employees and jobsite personnel; initiative to reduce jobsite, warehouse and plant injuries.

Occupational safety; no quantified injury-rate improvement disclosed.
Employment Verification Compliance

Company verifies employment eligibility of all employees, participates in E-Verify program where required.

Immigration law compliance; no evidence of systematic human-rights or wage violations disclosed.

Governance story

IBP has a classified board with three-year staggered terms and no cumulative voting, limiting shareholder control. Board independence percentage is not disclosed in the 10-K; without this metric, a deduction for sub-75% independence cannot be quantified. Jeff Edwards (Chairman, President, CEO) owns approximately 14.5% of outstanding common stock as of 31-Dec-2025, giving him sufficient voting power to influence all matters requiring shareholder approval, including director elections and significant corporate transactions. The company's amended and restated certificate of incorporation permits Edwards to pursue corporate opportunities outside the company, creating potential conflict-of-interest risk. No dual-class share structure is disclosed (common voting shares only), so the 20-point deduction for unequal voting rights does not apply. Lobbying expenditures and political-contribution data are not disclosed in the 10-K; no evidence of active lobbying to weaken climate regulation or consumer-protection statutes. No active antitrust, consumer-safety, or financial-fraud regulatory proceedings are disclosed. The company is subject to SEC 404 Sarbanes-Oxley compliance requirements; no material weaknesses in internal controls are disclosed. Non-compete agreements are subject to enforceability risk due to FTC and state legislative action.

Criticisms on file

Board independence percentage not disclosed; classified board with staggered three-year terms limits shareholder ability to replace directors.
Source: IBP 10-K Item 1A Risk Factors - Provisions of Charter Documents section.
Jeff Edwards (CEO/Chairman) owns ~14.5% of shares, sufficient to significantly influence all shareholder votes; charter permits him to pursue corporate opportunities outside company, creating potential conflict of interest.
Source: IBP 10-K Item 1A Risk Factors - Jeff Edwards Ownership and Amended and Restated Certificate sections.
Non-compete agreements with branch managers and sales personnel face enforceability challenges under FTC rulemaking and emerging state legislation.
Source: IBP 10-K Item 1A Risk Factors - Key Personnel section.
Lobbying expenditures and political-contribution data not disclosed in 10-K; no evidence of anti-climate or anti-consumer-protection lobbying; California climate-disclosure laws (SB 253, SB 219) effective 2026 will increase compliance burden.
Source: IBP 10-K Item 1A Risk Factors - Sustainability Practices and Regulations sections.

Disclosed initiatives

Sarbanes-Oxley 404 Compliance

Company maintains internal controls and procedures; management certifies financial information; annual attestation on control effectiveness required.

Financial reporting transparency; no material weaknesses disclosed.
Annual ESG Report

Published annually since 2021; discloses policies on social and environmental matters.

Governance transparency mechanism; no governance-specific targets or metrics disclosed in 10-K.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Installed Building Products, Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Installed Building Products, Inc. in the app for interactive charts and portfolio building.

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