Quarter 4 recorded dampening demand, with the RMI market suffering more than most as concerns over energy prices, interest rates and inflation continued to dent consumer confidence. These underlying issues look set to be with us until at least Q3 2023.

According to the latest figures from Mineral Products Association, Q4 was the third consecutive quarter of declines for primary aggregates (-0.3%), asphalt (-5.5%) and ready-mixed concrete (-1.1%). Mortar sales, which had been strong for most of the year, fell in the final quarter (-13.4%) as housebuilding was impacted by particularly cold weather in December.

COP27, held in Egypt in November, was a timely reminder that we all need to take action on climate change. Hanson’s journey started several decades ago and is detailed in our carbon reduction road map.

In October, we agreed a deal with XPO to deliver our products to customers in a more sustainable way by reducing road miles and maximising loads to reduce carbon emissions. We are also looking at addressing the circular economy challenge, with the acquisition of A1 Services Manchester last year to strengthen our recycling capabilities.

Our biggest challenge is reducing carbon emissions at our production facilities. As part of the HyNet North West decarbonisation cluster we are looking to invest in carbon capture and storage (CCS) at our Padeswood site in order to establish the UK’s first net zero cement works. And, at our Ribblesdale works, we have successfully trialled the use of 100% net zero fuels – including hydrogen – in our cement kiln.

While we aren’t on our sustainability journey for the accolades, we were delighted to be recognised with the Jewson Better Homes and Sustainability Support award at the supplier conference at the end of 2022. It’s important for suppliers to work with merchants on tackling the big issues.