The Group's business model is to focus on higher growth and energy sensitive segments of the building industry. Innovation is the key to growth and Kingspan is aware of the importance of research and development to support market leading results. The core energy conservation qualities of many of the Group's products demonstrate Kingspan's ability to relentlessly convert specifiers and end-users from traditional and less effective materials towards more modern solutions.
The enormity of climate change, and its accelerating implications, continues to gain much greater exposure than at any stage in the past. With that comes a very evident shift in demand for all solutions that will contribute to an easing of these pressures over the medium to long term.
Buildings, be they residential, commercial or manufacturing account for in excess of 40% of carbon emissions globally. Recognising this, Kingspan has, and continues to, innovate and deliver solutions today that will dramatically reduce the need for energy tomorrow, and provide compelling economic payback.
Becoming the first in the world to develop the Zero Carbon home, which in itself meets the 2016 standards as outlined in the Code for Sustainable Homes, is the latest example of this innovation. This code envisages much higher insulation standards, rainwater recovery, use of renewables such as solar hot water and power generation, all products currently in the Kingspan suite.
