TIDMFERG
RNS Number : 3395E
Ferguson PLC
27 October 2022
Ferguson Publishes FY2022 ESG Report, Annual Report
and Notice of Annual General Meeting
Wokingham, England -October 27, 2022- Ferguson plc (NYSE: FERG;
LSE: FERG) (the "Company" or "Ferguson") today published its fiscal
year ("FY") 2022 Environmental, Social and Governance Report (the
"FY2022 ESG Report"); FY2022 Annual Report; and FY2022 Notice of
Annual General Meeting and Governance Disclosures (the "FY2022
Notice"). Each document is available on the Company's website at
www.fergusonplc.com .
FY2022 ESG Report
Ferguson's FY2022 ESG Report, titled "Building influence.
Delivering impact" communicates the Company's ongoing commitment to
responsible conduct and sustainable business practices.
Key highlights include:
-- Ferguson's combined Scope 1 and 2 carbon emissions per
million USD revenue decreased by 30.7% compared to 2019/2020
baseline, a 17% year-over-year reduction. This decrease partially
benefited from the Company's ability to manage and pass along
product price inflation in revenue.
-- The Company announced two fleet electrification pilot
programs for medium- and heavy-duty trucks to help lower carbon
emissions in its fleet.
-- Ferguson generated more than $3 billion in revenue from
sustainable products, a 20% increase from FY2021. Sustainable
products are defined as those that carry third-party certification
such as Energy Star, WaterSense or Forest Stewardship Council.
-- The Company launched a New Hire Health and Safety 30-60-90
Onboarding Training Program for new associates in distribution
centers, branches and headquarter locations.
-- Ferguson created an Environmental Leadership Council to
influence the direction of its environmental product strategy,
while providing direct access to customer insights and market
trends.
-- The Company's executive compensation framework will
incorporate ESG considerations that align with the Company's
sustainability commitments beginning in FY2023.
"As detailed in the FY2022 ESG Report, we continue to make
progress against our environmental, social and governance
priorities," said Ferguson CEO Kevin Murphy. "We have a great
opportunity ahead to help transform the Company in which we work,
the industries in which we operate and the world in which we
live."
FY2022 Annual Report
Ferguson's FY2022 Annual Report, titled "Together We Build
Better," contains its Annual Report on Form 10-K filed with the
U.S. Securities and Exchange Commission. The Annual Report provides
an overview of how Ferguson helped make its customers' complex
projects simple, successful and sustainable in FY2022.
FY2022 Notice of Annual General Meeting and Governance
Disclosures
Ferguson's FY2022 Notice will be distributed to shareholders
together with the FY2022 Annual Report and a form of proxy for the
Annual General Meeting ("AGM"). The AGM will take place at 3 p.m.
GMT (10:00 a.m. ET) on Wednesday, November 30, 2022 at the offices
of Freshfields Bruckhaus Deringer, 100 Bishopsgate, London, EC2P
2SR, United Kingdom.
Copies of the FY2022 Notice, FY2022 Annual Report and form of
proxy for the AGM have been submitted to the National Storage
Mechanism and will be made available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
If approved at the AGM, the Company will pay a final dividend of
$1.91 per share to shareholders on the register as of October 28,
2022 (the "Dividend").
The expected timetable for the Dividend and AGM is set out
below:
DIVIDEND TIMETABLE 2022
----------------------------------------------------- ---------------
Ordinary Shares marked ex-entitlement to the Oct. 27
Dividend
Record date for entitlement to the Dividend Oct. 28 (8:00pm
ET)
Latest time and date to submit pound sterling Nov. 11
elections for the Dividend
Pound sterling Dividend value announced Nov. 21
Payment of the Dividend to shareholders Dec. 8
AGM TIMETABLE 2022
----------------------------------------------------- ---------------
Record date for DTC beneficial owners to be eligible Nov. 16
to vote
Latest time and date for receipt of Proxy Forms Nov. 24 (3:00pm
(U.K. DI Holders) GMT)
Record date for U.K. DI Holders to be eligible Nov. 24 (6:00pm
to vote GMT)
Latest time and date for receipt of Proxy Forms Nov. 28 (3:00pm
(registered shareholders) GMT)
Record date for registered shareholders to attend Nov. 28 (8:00pm
and vote at the AGM ET)
Annual General Meeting Nov. 30 (3:00pm
GMT)
If any of the above times and/or dates change, the revised times
and/or dates will be notified by an announcement to a Regulatory
Information Service. All definitions used in the FY2022 Notice have
the same meaning when used in this announcement.
About Ferguson
Ferguson plc (NYSE: FERG; LSE: FERG) is a leading value-added
distributor in North America providing expertise, solutions and
products from infrastructure, plumbing and appliances to HVAC,
fire, fabrication and more. We exist to make our customers' complex
projects simple, successful and sustainable. Ferguson is
headquartered in the U.K., with its operations and associates
solely focused on North America and managed from Newport News,
Virginia. For more information, please visit www.fergusonplc.com or
follow us on LinkedIn
https://www.linkedin.com/company/ferguson-enterprises .
For further information please contact:
Investor Inquiries Media Inquiries
Brian Lantz John Pappas
Vice President, IR and Communications Director, Financial Communications
Ferguson Ferguson
+1 224 285 2410 +1 484 790 2727
Brian.lantz@ferguson.com John.pappas@ferguson.com
Pete Kennedy Jonathan Doorley
Director, Investor Relations Partner
Ferguson Brunswick
+1 757 603 0111 +1 212 333 3810
Peter.kennedy@ferguson.com jdoorley@brunswick.com
Rebecca Kral
Director
Brunswick
+1 917 818 9002
Rkral@brunswick.com
Cautionary note on forward-looking statements
Certain information in this announcement is forward-looking
within the meaning of the Private Securities Litigation Reform Act
of 1995, and involves risks, assumptions and uncertainties that
could cause actual results to differ materially from those
expressed or implied by forward-looking statements. Forward-looking
statements cover all matters which are not historical facts and
speak only as of the date on which they are made. Forward-looking
statements can be identified by the use of forward-looking
terminology such as "will," "continue, " or other variations or
comparable terminology. Many factors could cause actual results or
our plans to differ materially from those in such forward-looking
statements, including, but not limited to: the risk that the
initiatives and priorities described in this announcement may be
delayed, cancelled, suspended or terminated; risks relating to the
approval and payment of the Dividend; weakness in the economy,
market trends, uncertainty and other conditions in the markets in
which we operate, and other factors beyond our control, including
any macroeconomic or other consequences of the current conflict in
Ukraine; the costs and risk exposure relating to environmental,
social and governance matters; adverse impacts caused by the
COVID--19 pandemic (or related variants); and other risks and
uncertainties set forth in our Annual Report on Form 10-K filed
with the Securities and Exchange Commission ("SEC") on September
27, 2022, under the heading "Risk Factors," and in other filings we
make with the SEC in the future. Forward-looking statements
regarding past trends or activities should not be taken as a
representation that such trends or activities will continue in the
future. Other than in accordance with our legal or regulatory
obligations, we undertake no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
# # #
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END
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