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)