Climate Change Data

Limbach Holdings, Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Sustainability
  • Employee Well-being
  • Diversity & Inclusion

Environmental Achievements

  • Replacing aging building systems with modern, energy-efficient systems to significantly reduce energy consumption and carbon footprint.
  • Utilizing data-driven insights to reduce operating costs and uncover energy savings to reduce customers' carbon footprint.

Social Achievements

  • Reduced salaried attrition rate by 32% since 2021 through human capital strategies.
  • Recognized as one of the top training organizations in the world, earning a Training APEX Award in 2023 and 2024.
  • Recognized as a 2024 winner of the Association of Talent Development’s BEST award for employee talent development.
  • Created the Embrace Forum to promote diversity and inclusion, with active ERGs (Women in Construction and Service, Unidos, Hearts & Hands, Veterans).
  • Active involvement with the ACE Mentor Program of America, Inc. to mentor high school students in design and construction.

Governance Achievements

  • Commitment to best-in-class governance and long-term sustainability.
  • Implementation of a robust cybersecurity risk management program aligned with the NIST Cybersecurity Framework.

Climate Goals & Targets

Environmental Challenges

  • Intense competition in the industry.
  • Dependence on a limited number of customers.
  • Cost overruns.
  • Delays in customer payments.
  • Unsatisfactory safety performance.
  • Labor disputes.
  • Supply chain disruptions and escalating commodity prices.
  • Inflation and rising interest rates.
  • Climate change and regulatory responses.
  • Increasing scrutiny of ESG practices.
  • Adverse weather conditions.
  • Cybersecurity breaches.
Mitigation Strategies
  • Focusing on higher-margin ODR revenue through organic growth.
  • Expanding margins with evolved service offerings.
  • Scaling through strategic acquisitions.
  • Investing in portable air chillers and rental equipment.
  • Improving project execution and profitability in the GCR segment.
  • Enhanced labor planning and project scheduling.
  • Increased pricing (where contractually permitted).
  • Leveraging relationships with suppliers and customers.
  • Implementing a cybersecurity risk management program.
  • Strengthening internal controls and procedures.
  • Implementing human capital strategies to improve employee retention.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Adverse weather conditions
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products

Sustainable Products & Innovation

  • Modern, energy-efficient building systems
  • Data analytics for energy management and sustainability

Awards & Recognition

  • Training APEX Award (2023, 2024)
  • Association of Talent Development’s BEST award (2024)