MASHINIi

Wolseley Plc.

WOS.LSE | Wholesale of construction materials, hardware, plumbing and heating equipment and supplies

Wolseley Plc, now Ferguson Plc, is a distributor of plumbing and heating products and building materials. The company operates primarily in North America and Europe. It offers a wide range of products, including plumbing supplies, heating and cooling equipment, pipes, valves, fittings, and other rel...Show More

Ethical Profile

Mixed.

Wolseley Plc presents a mixed ethical profile. While reducing its mean gender pay gap to 1.38% (2024), reports suggest some employees receive wages below the Real Living Wage, and critics point to micromanagement concerns. The company achieved a 32.8% absolute carbon emission reduction (2010-2012) and aims for zero waste to landfill, with an 84% average diversion. A pump Take-Back Scheme reportedly saves 50% water and 13% CO2. Wolseley Canada donated $25,000, matched to $50,000, for an Indigenous Student Bursary. Approximately 30% of spend is fair-trade certified, and 85% of ethical claims are independently verified, with no identified modern slavery incidents.

Value Scores

Better Health for All-40
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing10
-100100
Honest & Fair Business-20
-100100
Kind to Animals-10
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-40
-100100
Respect for Cultures & Communities-20
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

-40

Wolseley's core business, as a distributor of plumbing, heating, cooling, and infrastructure products, has a mixed health impact. While the company actively promotes energy-saving products like heat pumps and hydrogen heating, the lifetime use-phase emissions from gas boilers it sells are identified as the most significant contributor to its total carbon emissions.

1
The company has moderate health-harming externalities from its operations, but demonstrates substantial remediation efforts, including a 39% reduction in total waste from 2019 levels, with 13% sent to landfill, and a target to achieve net zero carbon emissions by 2030.
2
The company maintains ISO14001 certification and had no reportable environmental incidents in the last year.
3
For its employees, Wolseley provides comprehensive mental health programs, including Mental Health First Aiders trained across the business, a Wellbeing programme covering positive psychology and stress management, and access to a virtual GP and employee assistance programme.
4

Fair Money & Economic Opportunity

0

Wolseley Plc is a distributor of plumbing and heating products and building materials, not a financial institution. The company does not offer lending, deposit, or other financial services to consumers or businesses. Therefore, all Key Performance Indicators (KPIs) related to fair money and economic opportunity, which are designed for financial institutions, are not applicable to its core business model. The company's initiatives, such as employment opportunities for Universal Credit recipients, apprenticeship programs, internal diversity and inclusion efforts, and competitive product pricing, relate to its workforce, operational practices, and product sales, rather than financial inclusion or economic opportunity for external clients through financial products.

1

Fair Pay & Worker Respect

20

Wolseley's 2024 Gender Pay Gap Report indicates a median gender pay gap of 0.89%, meaning women earn 99.11% of men's median pay.

1
Additionally, in the financial year ending July 31, 2022, no modern slavery reports were found within Wolseley locations, reflecting a commitment to preventing human trafficking and slavery.
2

Fair Trade & Ethical Sourcing

10

Wolseley requires 100% of its suppliers to contractually comply with its Code of Conduct, terms and conditions, and Modern Slavery and human rights policy.

1
The company has reported zero incidents of modern slavery, human trafficking, or human rights abuses in its supply chain for at least the 2021, 2022, 2024, and 2025 reporting periods, while also conducting proactive risk assessments.
2

Honest & Fair Business

-20

Wolseley operates under a Code of Conduct, introduced in 2010, which prohibits bribery and corruption, mandates zero tolerance for fraud, and provides guidelines on gifts and hospitality

1
. All employees have received training on this Code
2
. The Code extends to suppliers through a comprehensive Supplier Integrity Programme, requiring adherence to ethical standards, with high-risk suppliers undergoing audits by the Quality team
3
. The company also maintains a Whistleblower Policy with a confidential 'Speak Up!' hotline for reporting unethical practices, and all reports are reviewed by the Audit Committee
4
. Training and e-learning on this policy are available for employees
5
.

Kind to Animals

-10

Wolseley Plc maintains a neutral stance on animal welfare issues, with no public position on animal welfare legislation or advocacy for animal-friendly practices.

1
As a distributor of plumbing and building materials, the company is not directly involved in activities that typically require animal testing or animal-derived products, rendering many related KPIs not applicable. While Wolseley UK developed a 3,000-square-meter outdoor space at its head office to enhance local wildlife habitats, the evidence does not provide measurable biodiversity impact or species recovery metrics.
2
Supplier audits focus on labor laws and ethical standards, without explicit mention of animal welfare compliance.
3

No War, No Weapons

0

Wolseley Plc is a distributor of plumbing, heating products, and building materials, and is not involved in military contracts, arms manufacturing, or war facilitation.

1
Consequently, it has no defense or arms-related revenue, no dual-use products, no defense business to oversee, no exports requiring military end-user certification, no AI systems with military uses, no weapons-related ethical red lines, no exposure to controversial weapons, no defense assets to divest, and no technology development applicable to peace technology or dual-use screening. The company also has no operations in conflict-affected regions and no conflict-linked partners. However, the company reports 0% of revenue invested in peacebuilding or disarmament initiatives. Wolseley requires suppliers to adhere to a Code of Conduct, the Modern Slavery Act 2015, and UN Global Compact principles.
2
,
3
,
4
In the last year, Wolseley has not identified any incidents of modern slavery, human trafficking, or human rights abuses in its supply chain.
5
This demonstrates 100% compliance with ethical standards throughout its value chain and exceeds humanitarian procurement standards.

Planet-Friendly Business

-40

For the reporting year ending July 31, 2023, the company sourced 1,536 MWh of energy from renewable sources out of a total consumption of 959,441 MWh, equating to 0.16% from renewables.

1
Its disclosures align with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and the company is a signatory and public supporter of the TCFD.
2
The company uses scenario analysis to identify environmental outcomes, considering pathways such as IEA NZE 2050, IEA APS, RCP 2.6, and RCP 8.5.
3

Respect for Cultures & Communities

-20

Wolseley Canada has two formal partnerships with Indigenous-focused organizations: Indspire

1
and Water First
2
. The company's business model as a distributor of plumbing and heating products does not involve operations that typically require Free, Prior, and Informed Consent (FPIC) processes.

Safe & Smart Tech

10

The company provides regular mandatory training on information security and data protection to all employees, supported by phishing simulations and awareness campaigns to ensure employees remain vigilant of the risks and are reminded of their responsibilities in mitigating them.

1
A comprehensive training program is in place where all employees receive training specific to their roles, with completion rates being monitored.
2
An IT governance framework includes policies to manage risks related to artificial intelligence, and the rapid progression and associated risks of AI are actively monitored.
3
The company maintains a comprehensive compliance program, including policies, procedures, and mandatory training, and continually monitors changes to legal and regulatory requirements.
4
Wolseley UK is committed to meeting GDPR requirements and reported no incidents, enforcement notices, or prosecutions in the last year.
5
Users have standard privacy controls, including the right to opt out of marketing, request details of personal information, and correct or update their data.
6

Zero Waste & Sustainable Products

-20

Wolseley demonstrates a commitment to waste reduction and circularity. The company achieved an average waste diversion rate of 84% from landfill as of March 2022.

1
It has set a company-wide target to achieve zero waste to landfill by 2025
2
and, as of 2020, reduced overall waste production by 22% against a 5% target.
3
The company implements multiple waste reduction initiatives, including take-back schemes for old pumps, heating circulators, and boiler components, and efforts to reduce paper use through QR codes for digital guides.
4
Circular design principles are applied to several product categories through remanufacturing processes for pumps and boiler components.
5
For customer education, Wolseley Pipe has introduced On-Pack Recycling Labelling (OPRL) on all its exclusive Range products, providing clear disposal instructions, and offers trade guides and staff advice on waste reduction.
6

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.