ESG REPORT
2022

TOPBUILD 2022 ESG REPORT
2
Contents
3	
  A Message from our CEO
7	
  Introduction to TopBuild
15	   ESG Materiality Assessment
19	   Environmental
29	   Social
50	   Governance
62	   About this Report
64	   Reporting Indexes
66	   Endnotes
Curtis S
TopBuild
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TOPBUILD 2022 ESG REPORT
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A Message from our CEO
Section 1
INSULATION BY TRUTEAM
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At TopBuild, increasing energy efficiency in the built environment through insulation and insulation-
related products is what we do. Every day our professionally trained installation and specialty distribution 
warehouse and driver teams deliver solutions to sustain and improve the thermal qualities of residential 
homes, commercial buildings, and industrial sites. Through our work we help to lower energy costs and 
reduce greenhouse gas (GHG) emissions in built environments, all while improving safety, comfort, indoor 
air quality, and health outcomes in the spaces where people live, work, and play. 
Guided by our core values and enabled by the high and efficient operational standards in place across our 
400+ locations, our commitment to environmental, social, and governance (ESG principles) aligns with 
how we conduct our business to consistently deliver these benefits for our stakeholders.
OUR ESG PERFORMANCE BEGINS WITH OUR PEOPLE
With more than 13,000 employees in the United States and Canada, we consider the health, safety, and 
well-being of every employee our top priority. We are committed to a diverse and inclusive culture focused 
on talent development, innovation, transparency, and strong and equitable management practices. We 
embrace our responsibility to support the many communities in which we operate, and are continuously 
driven to deliver business accountability through the policies and practices of our company and the 
activities of our team members. 
Our ESG commitment starts at the top of our organization – but it doesn’t stop there. The principal 
elements of our ESG program are woven into the daily practices of our business. From our Board of 
Directors to our employees, suppliers, investors, and customers, everyone in the TopBuild family plays a 
role in bringing our ESG commitments to life.
Robert Buck, 
President and CEO
A Message from our CEO
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In 2022, we continued to deliver against our ESG goals and commitments. For example, we
•	 Increased ESG disclosures in our financial filings
•	 Enhanced our benefits to further support employee well-being and continue to serve as an employer 
of choice for top talent
•	 Reported our best annual results ever with regards to our safety performance
•	 Developed internal Employee Resource Groups to help provide necessary resources to our valued 
employees  
•	 Collaborated with leading insulation manufacturers to evaluate and bring new sustainable materials to 
market through thorough review and testing
•	 Piloted the use of electric vehicles (EVs) in our operations to assess how electrification may help us 
optimize our fuel consumption, reduce GHG emissions, and improve fleet efficiency
•	 Launched Leadership Expectations, a new model that builds on three core principles – Respect, Grow, 
and Perform, to empower and foster leadership and support our diversity and inclusion goals at every 
level of the organization
•	 Maintained overall representation of diverse employees above construction industry averages
SEEKING INPUT TO REFINE OUR APPROACH
We are proud that ESG is inherent in all facets of our operating model as we focus on driving profitable 
growth in our business while employing sustainable methods to deliver the benefits of insulation and 
insulation-related products and services to our customers and communities. But we also accept the 
opportunity to receive input, learn about best practices, and consider how we may improve in the future. 
In 2022, TopBuild partnered with a leading independent advisory firm to conduct a materiality assessment 
to inform and refine the focus of our ESG strategy and efforts. Through this process, we gathered 
objective feedback from across the TopBuild stakeholder universe and obtained greater clarity on their 
expectations of our ESG program .
Throughout this fifth annual ESG report, we will spotlight insights from the materiality assessment to help 
punctuate the successes of our current program and identify potential areas of opportunity for the future 
as we continue to grow. 
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OUR JOURNEY CONTINUES
As a business dedicated to delivering energy efficiency with a history of commitment to employee health 
and safety and a track record of strong corporate governance, our focus on ESG is not new. Our parallel 
commitment to company values of continuous improvement and innovation means that striving to improve 
how we practice ESG is a natural part of our company DNA. 
We remain dedicated to supporting our customers in achieving their sustainability goals through our 
energy-efficient insulation products, delivered through our best-in-class distribution and installation 
services. And we will continue to build the type of company that treats all customers, shareholders, 
employees, supplier partners, and communities with honor, dignity, inclusivity, and respect. 
We are proud of our progress in 2022 and are committed to continuing our journey into 2023 and beyond. 
I invite you to learn more about how we draw on our values, ESG strategy, and business practices to 
deliver for our stakeholders and to create a stronger, more resilient and sustainable company. 
Thank you,
Robert Buck
President and Chief Executive Officer
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Introduction to TopBuild
Section 2
SERVICE PARTNERS DELIVERY TO TRUTEAM
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WHO WE ARE
We are the leader in residential, commercial, and industrial insulation and related building materials across 
the United States and Canada. 
WHAT WE DO 
We combine local expertise with national resources to improve energy efficiency across a wide range of 
residential and commercial spaces, making them more comfortable while reducing their carbon footprint. 
Our diversified business model includes installation and specialty distribution of insulation and related 
products to the residential, commercial, and industrial end markets, where we service more than 17,000 
job sites every day through our installation business alone.
With more than 13,000 employees in more than 400 branch locations, we have the reach and local 
expertise to support our customers’ needs – from small, single-site requests to larger regional and national 
requirements. 
We recognize that one size does not fit all. Our branches are experts in local climate zones, product 
application options, and building code requirements, ensuring that our installation, fabrication, and 
distribution services are focused on specific customer and project needs and deliver the desired energy 
efficiency outcomes.
Introduction to TopBuild
HEADQUARTERS
DAYTONA BEACH, FL
REVENUE
$5.0B
EMPLOYEES
~13,000
TOTAL BRANCHES
~410
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TruTeam
TopBuild Home Services Key Markets
Service Partners
Distribution International

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OUR BUSINESSES
INSTALLATION
We deliver the energy-saving benefits of insulation by installing directly, or helping contractors to install, 
materials that improve the thermal performance of new homes and commercial and industrial facilities.
Our Installation business is comprised of two divisions: TruTeam® and TopBuild Home Services
SM.  
TruTeam is the leading installer of residential insulation to the U.S. construction industry. Through a 
network of approximately 235 branches, TruTeam handles every stage of the installation process, 
including material procurement, project scheduling and logistics, multi-phase professional installation, and 
installation quality assurance. 
Sustainability is at the core of our installation team’s everyday mission. TruTeam’s insulation install process 
begins through consultation with the customer on what level of energy efficiency, comfort, or energy cost 
savings they want or need to achieve. Based on that, TruTeam designs a product and install plan to deliver 
those efficiency goals.
TopBuild Home Services, Inc. (TBHS), a partner division to TruTeam, applies the latest knowledge 
of building science to help insulators and builders design and construct new homes that are more 
comfortable and energy efficient. 
As one of the largest Home Energy Rating Systems (HERS) Index raters in the U.S., and deeply 
knowledgeable about climate zone code requirements and advanced energy efficiency methods, TBHS 
offers builders a number of sustainability-focused services, including pre-construction energy modeling 
for house plans, onsite energy efficiency testing, certification for many leading home energy efficiency 
programs and training on how to reduce home energy consumption through insulation and air sealing. 
Victor M
TruTeam
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TBHS also partners internally with TruTeam to advise on changing energy code requirements, support 
installer training, and develop innovative solutions to efficiency challenges. 
TBHS’s proprietary Environments for Living® program provides a direct energy savings guarantee to 
owners of newly constructed homes. As a long-standing partner to the ENERGY STAR® for Homes 
certification program, TBHS has received ENERGY STAR awards for more than 15 consecutive years. 
Specialty Distribution 
Our Specialty Distribution business is a leading distributor and fabricator of insulation materials for the 
residential, commercial, and industrial end markets in North America. 
Focused on supplying both high-quality insulation products and highly technical insulation applications, 
TopBuild Specialty Distribution supports customers in identifying energy-efficient solutions by offering 
the unique combination of product selection, with deep expertise and industry knowledge, and on-time 
jobsite delivery.
The Specialty Distribution segment is comprised of two divisions: Service Partners® and Distribution 
International.
Service Partners is a leading distributor of building insulation and insulation accessories in the U.S. 
serving the residential and commercial end markets. With a nationwide network of more than 75 
distribution centers, Service Partners is a one-stop shop for top-grade building insulation, air sealing, and 
related products for residential and commercial projects. Service Partners offers a variety of value-added 
services including spray foam training, rig design and repair for aspiring contractors, jobsite delivery, and 
product application training.
Humberto D
Service Partners
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Fabrication Machine
Distribution International
Distribution International is a leading distributor of mechanical insulation and related accessories for the 
industrial and commercial end markets across North America. With more than 100 branches, including 17 
in Canada, Distribution International serves a wide variety of industries and customers including chemical 
plants, oil refineries, power plants, marine, and mining. 
In addition to the distribution of a wide range of mechanical insulation products, Distribution International 
offers a variety of highly specialized custom fabrication services and targeted insulation products, serving 
as a single-source solution for mechanical insulation needs.
Read our most recent Annual Report for additional information about our business and segments. 
HOW WE DELIVER
We are a values-driven organization aligned around a shared vision and mission and supported in 
execution through clear leadership principles and a diverse and inclusive culture. We have built a 
strong foundation for growth, driving operational excellence and consistent execution throughout our 
organization, which in turn supports our sustainability priorities and efforts. 
OUR VISION
To achieve sustainable, profitable growth through the installation and distribution of 
insulation and related products throughout the United States and Canada.
OUR MISSION
To lead our sector while driving operational efficiency and excellence, exceeding 
customer expectations, operating according to our values, and promoting safety and 
ethics.
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OUR VALUES
Beyond words on a page, our team’s goals and deliverables are anchored in a key set 
of essential company values that help to guide our priorities and our behaviors every 
day. Many of our values, including Safety, Unity, and Innovation directly contribute to 
our ability to weave ESG priorities into our operating business.
OUR 
LEADERSHIP 
PRINCIPLES 
To improve the communities that we serve, modeling the behaviors we expect from 
our supplier partners and embracing our role as custodians of our planet.
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SAFETY
We put the 
safety of our 
people first.
INTEGRITY
We deliver results 
with integrity, 
respect and 
accountability.
FOCUS
We are customer-
focused, 
grounded in strong 
relationships.
INNOVATION
We are continuously 
improving and 
encourage idea 
sharing.
UNITY
We are united as one 
team, valuing diversity.
COMMUNITY
We make a difference in 
the communities we serve.
EMPOWERMENT
We are empowered to be our 
best, individually and as a team.

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OUR STAKEHOLDERS
One of TopBuild’s core operating strengths is the breadth, diversity, health, and capability of our 
stakeholder network, which includes employees, customers, suppliers, investors, and the communities in 
which we work and live. 
Our ongoing interactions with our network offer unparalleled access to leading products, industry 
expertise, and best practices which help to fuel our business and growth objectives. This network also 
informs our approaches to ESG and sustainability by providing insights on priorities and feedback on our 
progress and potential for improvements.
Engaging with employees
With more than 13,000 employees in the U.S. and Canada, the health, safety, and well-being of our people 
is our top priority. 
To better understand what our employees need and expect of us, we engage with our employees regularly 
through training, voice-of-employee surveys, manager discussions, and diversity and inclusion council 
meetings.  
Daily interaction with customers and suppliers
Our customers and suppliers lie at the heart of everything we do, and they rely on us to bring the latest 
insights and materials to help them best serve their stakeholders.
Through direct contact on job sites or in the office, we work with our customers to create solutions that 
enhance the energy efficiency of their projects, whether they be residential, commercial, or industrial. This 
feedback loop informs how we collaborate with our suppliers to anticipate and address customer needs. 
Our commitment to continuous education on key changes and trends in products, codes, incentives, 
building processes, and application best practices helps our local teams to provide expert knowledge, 
training, and consultative support to our customers and is a powerful channel for our suppliers.    
Tiger D
Distribution International
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Earth Day 2022
TopBuild
Proactive investor calls and events
We focus on ongoing communications with our shareholders to better understand their priorities and 
determine how to address their expectations while supporting our overall growth strategy. 
We seek input from investors throughout the year at sell-side sponsored industry conferences, on 
quarterly earnings conference calls, and during individual meetings and conference calls. In 2022, our 
CFO and investor relations team participated in 11 sell-side industry conferences, hosted an investor 
day, and conducted individual investor meetings with more than 160 separate institutions. While most 
discussions concern our operations, business performance, and long-term strategy, we also emphasize 
our commitment to managing and growing our business in a sustainable and socially responsible manner 
in line with our core values.   
Community service and engagement
We take great pride in helping to strengthen our communities.
As a leading installer and specialty distributor of energy-saving insulation products and accessories to the 
construction industry in North America, we have a presence in more than 400 communities throughout 
the U.S. and Canada. These are not only branches or job sites – they are homes to our customers, 
employees, and their families. We want them to be healthy, comfortable, and prosperous places to live, 
work, and play. Through charitable activities, individual acts of service, and donations on both a national 
and local level, we actively engage with our communities to better understand and address their needs. 
Our deep commitment to our mission, values, and leadership expectations, informed by the voices of our 
stakeholders, underpin our business strategy and guide our sustainability efforts to areas where we can 
deliver the greatest impact.
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ESG Materiality Assessment
Section 3
FRANK B
DISTRIBUTION INTERNATIONAL
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Armando D
TruTeam
PURPOSE AND PROCESS
Sustainability is fundamental to our core business model. Our commitment to continuous improvement 
and innovation also drives us to seek objective perspectives on how we are performing now and how we 
can continue to evolve our efforts.
In 2022, we conducted our first formal materiality assessment to identify, validate, and prioritize ESG 
topics that are critical to both our stakeholders and to our business. The assessment, supported by an 
independent, leading third-party advisory firm, highlighted priority ESG topics and associated actions that 
will be the most impactful for the company and in our community. 
This process included:
•	 Identifying potential ESG priority topics through extensive research
•	 Refining and clarifying topics via interviews and surveys
•	 	Prioritizing material topics through additional quantitative analysis
•	 	Understanding strengths and potential areas of opportunity in these areas through peer benchmarking, 
ratings analysis, and broader stakeholder feedback 
 
To start, we considered and compared TopBuild’s efforts and priorities against global ESG standards and 
frameworks, including the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board 
(SASB), and the Task Force on Climate-related Financial Disclosures (TCFD). We also analyzed TopBuild’s 
performance on commonly used ESG ratings such as MSCI. We then examined additional sources, 
ESG Materiality Assessment
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including industry and policy research, and media analysis to identify emerging topics and trends. This 
analysis produced a list of potential topics of importance to our stakeholders, which we then tested via 
interviews and surveys.
We analyzed each ESG topic and assigned weightings associated with their importance to our business 
performance and to our stakeholder groups, including our investors, employees, customers, suppliers, 
regulators, and community. This analysis yielded four topics considered most material to our business, 
which inform the content in this report, as well as topics to consider as we refine and evolve our ESG 
program. 
RESULTS: OUR MATERIAL ESG TOPICS
TopBuild has been highly invested in the safety lifestyle and inclusive environment of its employees 
and the “Materiality Assessment” performed in 2022 only further highlighted that TopBuild was already 
prioritizing the right ESG areas important to its stakeholders. Some of these key areas of focus are as 
follows: 
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Combatting climate 
change through 
sustainable products
Continued focus on 
products that provide 
inherent environmental 
efficiencies, decreasing 
energy use and emissions, 
ultimately reducing 
environmental impacts and 
protecting the climate.
Employee health, safety 
and engagement
Continuing to provide all 
employees with a safe, 
healthy, and engaging 
work environment through 
TopBuild policies and 
initiatives.
Business model 
resilience
Managing social, 
environmental, and 
regulatory risks and 
opportunities to promote 
resilience throughout our 
business model. 
Diversity and 
inclusion
Continuing to create 
a workplace that is 
diverse, inclusive, and 
representative of the 
communities we serve, 
where team members are 
valued for their differences 
and provided opportunities 
for advancement.

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LOOKING AHEAD: ENHANCING OUR ESG STRATEGY AND EFFORTS
In addition to defining our priority ESG topics, we also compared our performance on these topics versus 
peers, best practice, and accepted ESG ratings, including MSCI. The benchmarking yielded a number of 
areas of strength, along with potential opportunities to further evolve our efforts.
In the following pages we provide information on our current efforts in these areas and offer ways we may 
build on that work in the future.
We are also committed to ongoing engagement with stakeholders and benchmarking of our performance 
as we seek to strengthen our ESG program and efforts. 
Khalid K and Jacques B
TruTeam
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Environmental
Section 4
IN THIS SECTION
Combatting Climate Change with Sustainable Products
Driving Operational Sustainability
TRUTEAM JOBSITE
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COMBATTING CLIMATE CHANGE THROUGH SUSTAINABLE PRODUCTS 
The Business of Saving Energy    
As a leading insulation provider in the U.S. and Canada, we are in the business of helping our customers 
and their end users achieve the full energy-saving benefits that insulation products have to offer. This 
focus on combatting climate change through our business is one of our and our stakeholders’ top 
sustainability priorities and emerged as one of our four priority material ESG topics.
Buildings are responsible for nearly 40 percent of global energy-related greenhouse gas emissions (GHG). 
But insulation, when property installed, can help reduce energy demand and the resulting emissions over 
the full lifecycle of any structure – potentially by up to 50 percent. In fact, the Natural Resources Defense 
Council has called energy efficiency in homes alone, through measures such as improved insulation, the 
single largest intervention to tackle GHG emissions in the U.S.1
Insulation products are a critical component of the overall thermal and energy efficiency of a building 
and the sustainability of the built environment more broadly. In short: insulation helps buildings stay 
comfortable longer without additional energy demand. Energy savings can translate to cost savings and 
lower GHG emissions, which ultimately benefit the economy, homeowners, and the environment.  
But insulation in a bag will not produce the energy efficiency and associated GHG reduction that the 
material’s core qualities inherently offer. Those materials must be accurately, efficiently, and safely sold 
and installed in line with best practice and the latest building science and energy codes.  
This is where TopBuild’s expertise comes into play. Every day we select, sell, install, test, and certify 
Environmental
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TruTeam
insulation solutions to improve energy usage and produce the many benefits of insulation in new and 
existing homes and buildings, driving reduced energy consumption and a more sustainable built world.
Product Partnerships to Deliver Insulation’s Environmental Potential    
TopBuild’s network of product partners helps create great access to materials and value-added services. 
It also offers us the ability to bring materials with highly sustainable attributes including recycled content, 
improved indoor air quality and reduced emissions, to our installation and distribution customers. 
Through our network of leading and emerging product manufacturers, TopBuild is able to maximize the 
environmental benefits of existing insulation products and evaluate and help nurture and mature new 
products.  
Through ongoing engagement with our largest partners TopBuild is able to evaluate and implement 
legacy and new materials as they are developed and launched. We are proud to be a first-stop resource 
to manufacturers for testing and providing feedback and recommendations on how changing or new 
products may perform in the distribution, fabrication and install markets. We deeply appreciate the trust 
our partners offer us through the opportunity to evaluate and help to evolve their product portfolio.
Our additional focus on creating relationships with start-up companies and research organizations creates 
access to new partners with the potential to bring innovative products to market. By maintaining testing 
and in-field programs with emerging suppliers over time, our hope is to help introduce new products and 
applications that will help drive the future of energy-efficient insulation. 
TopBuild Sustainable Solutions
Many of our long standing and new partners are committed to improving environmental impacts in the 
built world by expanding energy efficiency and reducing the carbon impact of insulated buildings. This 
multi-faceted approach to building and maintaining relationships and product knowledge across the 
spectrum of insulation businesses helps TopBuild stay informed of emerging trends and ready to bring to 
market new materials with potential to deliver customer value and environmental impact.
To more fully leverage this capability and access, in 2023 we will continue building TopBuild Sustainable 
Solutions, a curated selection of products and services that can help our customers achieve their 
sustainability and ESG goals. Through evaluating, testing, and tailoring a slate of both existing and 
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Adding to insulation’s ability to create a net environmental 
benefit is the use of recycled materials in its production.
TruTeam Installation
SUSTAINABLE BY DESIGN
6
60%
recycled glass in 
typical fiberglass 
insulation
75%
average post-
industrial recycled 
content in mineral 
wool
85%
maximum recycled 
material content in 
cellulose insulation, 
including recycled 
paper products 
22

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new products with our supply partners, we believe TopBuild can help our customers better translate 
sustainability intentions to in-market execution. And coupled with our strategic consultative input on 
building science and training support on changing energy codes and incentives, we hope to provide both 
value and expertise. 
Three partner relationships and products offer insight into how we imagine featuring both legacy and new 
materials with high impact environmental values via TopBuild Sustainable Solutions: Knauf, BASF and 
TimberHP.
Environmental Impact through Legacy Materials
Knauf EcoBatt®
Fiberglass insulation is the core insulating material that TopBuild sells and installs across our footprint. 
As our largest current fiberglass supply partner, we are glad to provide a strong channel to Knauf 
Insulation North America and their suite of products that are creating improved energy efficiency in homes 
and businesses. A significant portion of the fiberglass insulation we deploy in the market is from the 
environmentally-forward Knauf EcoBatt® product line. In addition to providing high insulating performance 
to reduce energy consumption and heating and cooling costs, this product line is:
•	 UL Environment-certified for recycled content with an average of 61 percent of the material being 
made from recycled content.
•	 Made with a bio-based binder, reducing the carbon emissions and petrochemical content of this highly 
energy-efficient product.
•	 Formaldehyde-free. All unfaced and Kraft faced EcoBatts are Living Building Challenge (LBC) Redlist 
Free of more than 800 environmentally challenging chemicals2.
Every day, TopBuild passes these high-impact environmental benefits on to the customers of our 
distribution and installation businesses, helping them to enjoy improved energy efficiency and reduced 
exposure to harmful chemicals along with the benefits of recyclable materials. As Knauf continues its 
sustainability journey, we look forward to serving as a channel for the advances that are yet to come.
Ding D
TruTeam
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Improved Sustainability through Maturing Innovative Products 
BASF Spray Foam Products
Over the last 20 years, spray foam insulation has advanced from a niche innovation to a meaningful part 
of our insulation solutions portfolio. TopBuild companies were there every step of the way, helping to 
review, test, and improve the insulating and energy-efficiency impact of spray foam products through 
the feedback of our professional teams. During the course of this journey and today, TopBuild is proud 
to partner with BASF to bring their spray foam products to the breadth of our distribution and installation 
channels. Sustainability is at the core of what BASF does and their continued innovation of high-
performance materials drives a variety of sustainability objectives across the entire value chain and offers 
customers meaningful sustainability benefits.
All BASF spray foam systems currently sold by TopBuild are ENERGY STAR certified insulations that carry 
UL GREENGUARD Gold certification and can help achieve key green building status including LEED3. 
Screened for more than 15,000 Volatile Organic Compounds (VOCs) and certified as low emitting, these 
products deliver critical energy efficiency, and help our customers to create safer, more comfortable and 
healthier indoor environments.
BASF and TopBuild are also engaged in the process to shift spray foam blowing agents from 
hydrofluorocarbon-based (HFC) to hydrofluoroolefin-based (HFO) to help reduce the overall GHG 
emissions for spray foam applications and improve total environmental impact in construction. Industry-
wide Environmental Product Declarations (EPDs) show that HFO-based spray foams would generate 
only one-fifth of the global warming potential (GWP) produced by HFC-based foams4,5. Throughout this 
transition process, TopBuild’s professional teams have reviewed, tested, and provided feedback on the 
performance of BASF HFO products and currently offer HFO solutions in several U.S. markets. 
We look forward to continuing the roll-out of low-GWP HFO products, bringing the benefits of reduced 
carbon emission spray foams to more TopBuild customers over time, while engaging in the next evolution 
of BASF’s product strategies to reduce embodied carbon in the built environment through spray foam 
products.
TruTeam
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New Material Innovations to Drive Future Sustainability 
TimberHP TimberFill™ Blown-In Wood Fiber Insulation
TopBuild has long been a leader in helping to introduce and mature new products into the insulation 
market. In a continuation of this heritage, we are proud to partner with TimberHP, a U.S. based start-up 
that is working to introduce wood fiber insulation to the North American construction market building on 
the material’s success in Europe over more than twenty years. A carbon-negative material, wood fiber 
insulation also has critical thermal, fire, pest, water, and energy efficiency properties7. 
As TimberHP’s first installation partner for TimberFill blown-in wood fiber insulation, TopBuild’s field, 
supply chain, and innovation teams have tested the product and considered the potential impact of 
wood fiber fill insulation in our markets, and we are excited to help introduce the energy efficiency and 
environmental promise offered by wood fiber.
In addition to traditional insulation benefits and the ability to reduce carbon impact, TimberFill is non-toxic, 
created from sustainably sourced softwood fiber waste and fully recyclable, offering potential to be an 
infinitely renewable material. The immediate value of a blown-in solution in key residential markets makes 
this a strong and natural first opportunity for TopBuild’s teams to test the product’s capabilities and bring 
the product’s innovative and environmental value to our customer base.
TimberHP is focused not only on selling sustainable products, but on functioning as a sustainable 
business. TimberHP’s initial manufacturing facility is powered by local hydroelectricity and is part of a 
substantial community revitalization program to retool a previously defunct manufacturing plant and 
retrain workers to support their new product focus. TopBuild is pleased to be the first installation partner 
to help bring these values and the high-impact product benefits of TimberFill to our customers through the 
scale of our footprint beginning in 2023.
I N S U L A T E  B E T T E R .  L I V E  B E T T E R .
T M
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DRIVING OPERATIONAL SUSTAINABILITY
Sustainable practices have always been embedded in our standard business operations. Beyond the 
benefit to the environment, these practices help our business become stronger and more resilient. We 
manage our daily performance with a keen focus on driving efficiencies and continuity in all facets of the 
business. For example: 
•	 Environmental compliance and waste management – Through our environmental compliance efforts 
and expertise we minimize waste by optimizing recycling, re-using materials, and reducing impacts on 
natural resources 
•	 GHG measurement and management – We are focused on better understanding and quantifying direct 
and indirect emissions while identifying reduction opportunities across our operations  
•	 Fleet management – We operate our fleet efficiently, leveraging telematics and logistics technology to 
reduce fuel use via route optimization, and seek to optimize our mix of vehicles 
Environmental Compliance and Waste Management 
Our Environmental Compliance team spearheads programs that include waste management, such as 
those covered by the U.S. Resource Conservation and Recovery Act (RCRA), along with all facets of 
environmental compliance to reduce our impact across a wide range of natural resources, including air, 
land, and water. The team also assists in training our operations staff on best practices to drive alignment, 
consistency, and accountability across all functions of waste minimization and elimination, including 
through recycling and reuse. 
Our national resources and support teams offer added value to our local branches giving them access 
to our enterprise-level hazardous waste disposal program and environmental compliance support visits. 
These programs not only help drive the right behaviors throughout our business but also help mitigate 
environmental and regulatory risk associated with inconsistent or incorrect actions. 
Looking ahead we are considering further enhancements to our waste, recycling, and re-use programs.
“We work together as a team 
to unlock the full sustainability 
potential of insulation to improve 
energy efficiency, reduce carbon 
footprint and contribute to 
interior comfort and health. This 
is achieved through our best-in-
class installation and distribution 
services.” 
Robert Buck
TopBuild President and CEO
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GHG Management
In 2021, we began quantifying our direct (Scope 1) GHG emissions to better understand the impact of 
our operations on the environment. Our direct emissions are comprised mainly of emissions from fuel 
combustion and hydrofluorocarbons (HFCs), which comprise a portion of the blowing agents used as 
a propellant for spray foam insulation. Emissions from fuel combustion are primarily generated by the 
vehicles we use to take our installation crews and materials to and from job sites and from the delivery 
vehicles used in our specialty distribution business. 
We calculated our emissions intensity by dividing direct emissions over revenue which showed a reduction 
of 40 percent over the last two years while our business has grown by 84 percent. This was achieved 
through a combination of increased fleet efficiency and reduced usage of HFC-containing spray foam 
while our fleet has grown in support of our growing business. 
*Excludes refrigerants, heating gas, 2020 data is metric tons CO2 and excludes CH4 and N2O
Emissions Source
2020
2021
2022
Fuel Combustion Emissions
86,661
97,027
119,491
Fugitive HFC Emissions
46,152
41,226
28,299
Total Direct Emissions (metric tons CO2e)*
132,813
138,253
147,790
Revenue (in thousands)
$2,718,038
$3,486,207
$5,008,744
Direct Emissions Intensity
0.05
0.04
0.03
DIRECT EMISSIONS INTENSITY
2020
2021
2022
0.05
0.04
0.03
(metric tons CO2e/revenue)
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Fleet Management
With more than 17,000 job sites visited on an average day, making sure materials and people get where 
they need to be efficiently, safely, and as sustainably as possible is our primary goal. Given that vehicle 
fuel usage is the main source of our direct emissions, we continue to look for ways to reduce this 
environmental impact, including through fleet management processes and technologies, delivery and 
transport productivity, and pilot adoption of lower-carbon vehicles.  
Focusing on Fuel Efficiency through Centralized Fleet Management 
Our fleet includes a diverse mix of 6,600 vehicles, ranging from commercial light and medium-duty vans 
and trucks at all of our locations, to large box trucks and semi-tractor trailers at our distribution branches, 
to passenger vehicles supporting sales and management personnel. 
To ensure fuel efficiency and trip productivity are consistently managed across our distributed footprint 
and broad array of vehicle types, TopBuild’s centralized fleet team has implemented telematics to optimize 
routes for efficiency and monitor driver road behaviors. Combined with our daily vehicle inspections and 
centralized maintenance management programs, TopBuild is able to use data to help reduce drive time, 
reinforce efficient driver actions, and ensure proper scheduled maintenance, all of which help reduce total 
fuel consumption and ultimately direct GHG emissions. 
Optimizing our Fleet 
Each year we also evaluate new vehicle offerings to determine which may help advance TopBuild’s 
ongoing commitment to reduce the environmental impact from our fleet. 
In 2022, we piloted the use of 11 Ford e-Transit vans to assess the potential viability of electric vehicles 
(EVs) in our operations. Pending manufacturer availability, we aim to expand our fleet electrification 
program in 2023 and 2024 by adding a pilot group of medium-duty box trucks.  
Recognizing that the market for electric commercial vehicles is in its nascent stages, we will continue 
to assess how electrification may help us optimize our fuel consumption, reduce GHG emissions, and 
improve fleet efficiency as availability improves. 
28
TruTeam
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2.5 hours 
average drive time per day
stationary 70% 
of the workday
OUR FLEET

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Social
Section 5
IN THIS SECTION
Developing and Engaging Employees
Prioritizing Employee Health and Safety
Fostering Diversity and Inclusion
Strengthening our Communities
SERVICE PARTNERS
29

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TopBuild is proud to be certified as a Great Place to Work®. We are even more proud that this recognition 
is based on the direct feedback of our employees, whose opinions and experiences help shape our 
decisions and practices. 80 percent of employees said TopBuild is a great place to work compared to 57 
percent of employees at a typical U.S.-based company. This overall sentiment is underpinned by positive 
survey results in specific areas including: 
We believe every employee plays an important role in creating a culture of belonging and an environment 
where we can all thrive, and we look forward to celebrating this achievement and to continuing to ensure 
TopBuild remains the best place to work for our team members.
Social
•	 Employees feeling they can be 
themselves in an inclusive environment
•	 TopBuild being a welcoming place for 
new hires
•	 Ability to take time off and have 
meaningful responsibility in roles
•	 Having a sense of pride in what is 
accomplished
30
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We continue to build a company where talented people perform meaningful work and where they know 
they can grow their careers, fulfill their potential, and have an impact – on the organization and beyond.
Our team of more than 13,000 talented employees is the key to our success.
From installers to delivery drivers, from warehouse/fabrication leaders to energy raters, from our office 
staff to sales professionals, and up to our senior leadership team, we value and respect each and every 
one of our employees. We are committed to being an employer of choice, fostering a diverse and inclusive 
workplace where professional development and safety thrive, and where our people are empowered and 
encouraged to give back to our communities. 
13,119
TOTAL EMPLOYEES
7,832
INSTALLERS 
47%
MANAGEMENT 
GENDER DIVERSITY**
63%
ETHNIC 
DIVERSITY
*As of December 31, 2022  **Branch center support/corporate office figures only
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WORKFORCE AT A GLANCE*

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DEVELOPING AND ENGAGING EMPLOYEES
Companies are facing one of the most competitive hiring environments in recent history. More than ever, 
it is important that we create a positive employee experience and are a company where people can see 
themselves building a rewarding career over the long term. In 2022, we continued to strengthen our talent 
programs by enhancing compensation and benefits and expanding our referral, intern, and management 
development programs. 
Compensation and Benefits
To support our position as an employer of choice, we offer competitive total compensation and a 
comprehensive suite of benefits that consider changing employee needs and that are affordable, complete 
and competitive. In 2022, we bolstered our compensation and benefits by improving total compensation, 
enhancing paid time off (PTO), and adding paid parental leave for eligible employees.
Select benefits include:
•	 Flexible scheduling
•	 Hybrid workplace options
•	 Tuition reimbursement
•	 Wellness program with incentives
•	 Matching 401k contributions
•	 Multiple dental and medical plan options
•	 Paid time off and holidays
•	 Employee referral program
Employee Engagement
TopBuild’s success as a company depends on the innovation, productivity, and engagement of our 
employees at every level. We also want our employees to be fulfilled in their work. To understand our 
employees’ needs, we must ask and listen to them.
100%
of employees working 
more than 30 hours 
per week have access 
to benefits
Asael M
TruTeam
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We are committed to supporting wellness programs to enhance the quality of life of all our 
employees. To help maintain a healthy workforce, we offer education on fitness, flexibility, 
hydration, and functioning in extreme temperatures. 
We offer comprehensive healthcare plans for employees and their families:
Tayfun B and Ethan J
TruTeam
EMPLOYEE HEALTH AND WELLNESS
•	 At-Work Weight Loss Programs
•	 Biometric Screenings: BMI, height and weight, 
blood pressure, cholesterol
•	 Employee Mental Health Assistance Plan
•	 Subsidized Fitness Center Memberships
•	 Tobacco Cessation Programs
Recognizing the importance of mental health, we offer an Employee Assistance Plan (EAP) 
to all employees on our benefits plan, along with their families. The EAP provides 24/7, 
confidential and free resources that support mental health. For many employees who join 
TopBuild via acquisition, this is typically an enhancement to their benefits. 
SUPPORTING MENTAL HEALTH
33

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Employee engagement is a critical focal point of our efforts. In addition to using a number of ongoing 
feedback channels, we undertake formal employee engagement surveys every two years. We seek 
employee input on a wide range of issues, from diversity and inclusion, to recruitment and onboarding, to 
training, support, and rewards. 
In our last formal engagement survey, employee responses were overwhelmingly positive, with the results 
indicating that most of our employees have high job satisfaction and view their work and our safety-first 
culture as integral to the success of TopBuild.
An important measure of our success is workforce wellness and satisfaction, and the extent to which 
all employees feel valued and heard. To keep ourselves accountable, we use results from a range of 
employee feedback channels, including regular engagement surveys as well as lifecycle surveys for those 
entering and exiting the company, as performance indicators. We use these insights to develop action 
plans to address areas for improvement.
Leadership Development
When it comes to the internal development of talent, we believe we are at the forefront of our industry. We 
pride ourselves on nurturing talent from within and enabling career advancement through upskilling and 
focused training.
Leadership Expectations
We seek to empower and foster leadership at every level of the organization. In 2022, we developed 
Leadership Expectations, a new model for leadership that builds on three core principles: Respect, Grow, 
Perform. 
•	 Respect: Promoting a respectful culture where we are united as one team and all employees feel 
valued and heard.
•	 Grow: Improving skills and contributions to the organization.
•	 Perform: Accomplishing goals and objectives through an organized effort of collaboration, 
accountability, and keeping true to our Core Values.
R
e
s
p
e
c
t
P
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o
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m
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Leadership Expectations outlines the behaviors that demonstrate how employees – from hourly team 
members to senior leaders – should behave on a day-to-day basis, sets the foundation to develop and 
evaluate talent, helps drive engagement and retention, and promotes an inclusive culture. 
The model is being formally implemented and embedded into all people practices throughout 2023.
Manager in Training Program
To build a pipeline of leadership talent, we recruit internally and externally into our Manager in Training 
(MIT) program, which fosters development of participants into leaders of our company and high 
performers in our industry. Launched in 2005, the program is high touch and laser focused on the skills 
needed to excel in management positions. Participants start in the field or warehouse, and for one to two 
years move throughout the business, learning all aspects of our operations while directly serving and 
supporting customers and suppliers. Upon completion of the program, graduates are promoted to branch 
leadership roles. At any given time, we have 15-20 active MIT participants. 
Since its founding in 2005, numerous employees have participated in the program. Many graduates are 
now serving in leadership roles, from Production Managers to VP of Operations. 
The MIT program also enhances our D&I efforts. In 2022, more than 50 percent of MIT graduates were 
women.
Employer of Choice for Direct Labor 
Installers are the lifeblood of our business. They comprise more than 60 percent of our workforce and 
often serve as the face of our company to customers. What’s more: competition for direct talent such as 
installers is fierce. 
We take proactive steps to recruit construction labor, targeting a wide array of candidates in the 
communities in which we operate, including veterans, refugees, and trade school students and graduates.
“I don’t think I’ve ever worked for 
a company that I have so many 
mentors that I feel I can look 
up to and feel so supported by 
while still feeling like I have the 
autonomy and authority to run 
with and make decisions that are 
going to better the branch.” 
Madison B
Asst Branch Manager 
Service Partners 
MIT Grad 2022
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2022 Product Expo
Service Partners 
Pottstown PA
“TopBuild took a risk on me and it’s paid off for both the Company 
and me. I’m grateful every day to work with my team and I always 
think about where I started. I’m grateful for TopBuild.”
Orlando D
Service Partners
36
Orlando’s story is one of personal perseverance and taking advantage of opportunities. In 
just six years Orlando went from contingent employee to the Branch Manager of one of the 
largest and highest performing Specialty Distribution branches. This is a testament to his 
drive and ability to grow as a leader.
TopBuild prides itself on cultivating an atmosphere where anyone can succeed and be given 
an opportunity to grow as a leader. Building leaders for the future is incredibly important and 
we are always looking for ways to develop leadership from within.

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We have had particular success with our Friends and Family Referral Program, which we created in 2020 
and expanded in 2022. The retention rate of installers hired through this program is nearly 10 percent 
higher than for installers recruited through other channels.
To attract and retain installers, we provide competitive compensation along with a full suite of benefits, 
bonus opportunities, and ongoing training and development. This is in contrast to many smaller 
installation firms, which often provide few benefits beyond monetary compensation. We also offer a clear 
career path with options to learn more about the business and to transition into leadership roles, including 
through the Manager in Training (MIT) program, or direct promotion as production managers. 
 
1,400+ 
installers hired and 
trained under our 
Friends & Family 
Program in 2022
Alberto A and Saul A 
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PRIORITIZING EMPLOYEE HEALTH AND SAFETY
Safety is not a choice. It is one of our core values and a top priority to our stakeholders, and we recognize 
its impact on the long-term success of our company. Our focus on safety is fundamental to our desire 
to run our company ethically and to support the work our employees do on behalf of our customers. 
We prioritize an organization-wide culture of safety that constantly innovates better and safer ways to 
work, continually emphasizes best practices, and recognizes ongoing improvements in our practices and 
performance. We believe that this is a key differentiator in our industry and our stakeholders agree.
Employing 13,000 individuals requires great care and responsibility. As part of the TopBuild family, we 
strive for zero safety incidents. We know we have hit our mark when employees return home safely to their 
families and loved ones at the end of the workday. 
In 2022, we reported our best year ever with regards to our safety and personal injury rate. We will 
continue to invest in safety training and management to improve incident tracking and to better assist us 
in predicting the potential for future incidents or concerns and developing additional prevention programs.
Safety-first Culture
Embracing our safety-first culture is both a company and an individual responsibility that we support at 
all levels of the organization. For example, our compensation program for all levels of leadership, from 
local managers to senior leadership, reinforces the importance of safety by tying a percentage of incentive 
compensation to the company’s safety performance. This helps to ensure that we are encouraging proper 
behaviors, driving accountability, and addressing safety incidents or concerns that may occur in the 
business.
We also promote a “speak up” culture so our team members feel empowered to actively raise health and 
safety concerns they may see in their workplace or on job sites. Our branch managers conduct regular 
safety support visits to job sites to ensure safety protocols and regulations are being followed. 
Claudio M
TruTeam
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HIGHLIGHTS OF OUR CONNECTED 
TO SAFETY LIFESTYLE CULTURE
•	 Making safety personal for each employee of the organization
•	 Zero-incident safety culture  
•	 Signed pledge and commitment to safety first, required of all field employees
•	 Weekly/monthly Tool-Box Talks, Near Miss discussions, incident reporting and construction safety trainings
•	 Technology-enabled processes and incident management
•	 Leadership and executive compensation linked to safety targets
•	 Safety committees with field and management representation
•	 Safety Team maintains industry recognized certifications in their field including CSP, ASP and CHST
•	 Daily claims reporting and transparency to all levels of the organization 
•	 TopBuild’s Calgary and Edmonton facilities were awarded Certificate of Recognition (COR) through Canada’s Alberta 
Province Partnerships in Injury Reduction Program. The Certificate of Recognition is a voluntary employer certification 
program intended to motivate employers to take a proactive role in occupational health and safety. The COR 
program recognizes and rewards employers who go beyond the current legal requirements, implement an effective 
occupational health and safety management system (OHSMS), and pass a certification audit to the standards set out 
by the Board.
Distribution International

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Safety Performance
Good safety management requires good data. In 2021, we invested in new safety management software 
to improve incident tracking, outcomes, investigations, and root cause analyses. Using this safety data, 
we gather actionable insights to better assist us in predicting the potential for future incidents or concerns 
and developing additional prevention programs. For example, safety analytics reports are made available 
to every business leader on a monthly basis. This information is then used to refine safety programs and 
training as needed.
To measure the performance of our safety program and practices, we incorporate OSHA-recognized 
safety analytics, including Total Recordable Injury Rate (TRIR) and Lost Time Case Rate (LTCR). The 
steady decline in TRIR and LTCR since 2018 is a key indicator of the effectiveness of our safety program. 
For 2022, the total incident rate incurred was 1.92, which remained well below the industry average of 
3.48. This marked the fifth consecutive year of improvements.
2018
2019
2020
2021
2022
LOST TIME CASE RATE
0.89
0.72
0.70
0.67
0.56
TOTAL INCIDENT RATE
2018
2019
2020
2021
2022
3.51
3.06
2.79
2.59
1.92
45%
decrease 
in Total Incident           
Rate since 2018
37%
decrease 
in Lost Time Case       
Rate since 2018
5
years
of consecutive 
improvements
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Safety Training
Safety begins with training and awareness. We strive to achieve continuous improvement in safety by 
providing our employees with ongoing, specialized safety training sessions, information, and programs.
Training commences at hiring and continues with regular sessions delivered to our workforce at various 
locations throughout the year. 
Training is provided live in-person, online, or on-demand with specific training assigned by job and work 
scope. Participants are then evaluated through written, verbal, or skill-based assessments, and their 
progress is monitored and reviewed. All safety training programs are available in languages specific to our 
employee base. 
All new hires must complete a standard safety curriculum, then we require a minimum number of hours of 
training annually thereafter. Beyond the minimum, we also offer a number of training opportunities for our 
field and other personnel to enrich their understanding and practice of health and safety principles in the 
construction industry. 
Safety Management
We have a formal health and safety management system that applies to all businesses, branches, 
and projects across the company, as well as certain central staff. Programs in our safety management 
system are based on relevant international, federal, and local laws and regulations, as well as applicable 
standards, including the American National Standards Institute (ANSI), technical body directives and 
guidelines from the National Institute for Occupational Safety and Health (NIOSH), OSHA, and the 
Canadian Centre for Occupational Health and Safety.
The TopBuild safety team is strategically placed throughout North America to provide 24/7 safety support 
to field branches. At any moment, our team can deploy and be on site within 24 hours.
Our safety organization outlines the policies and practices required across all locations, and in line with 
the relevant certifications, verifies and documents the status of management systems during scheduled 
audits.
100%
new hires complete initial 
safety course before 
starting work
17.4
average hours of safety 
training required in 2022
Fall Protection Demo
TruTeam
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New hires must pass a comprehensive 
practical safety evaluation demonstrating 
competency based on their job function 
including:
Jerome M 
TruTeam
SAFETY TRAINING 
FOR NEW-HIRE 
INSTALLERS
•	 DOT compliance
•	 Driver safety
•	 Fall protection
•	 Ladder safety
•	 Respiratory protection
•	 Scaffolding safety
•	 Stilt safety
•	 Use of Personal 
Protection Equipment
42

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Ana C and Lesly L
TruTeam
FOSTERING DIVERSITY AND INCLUSION
Fostering diversity and a sense of inclusion for all employees is one of our company’s top priorities, and 
was identified by our stakeholders as a material ESG topic. 
We embrace the characteristics and differences that make our employees unique, including gender, race, 
ethnicity, culture, sexual orientation, personal background and abilities, and more. By embracing these 
differences and helping our teams to understand how to drive collaboration by leveraging them, we are 
working to build an inclusive community at work where everyone feels safe to be themselves.  
A Culture of Fairness and Respect
We are committed to promoting fair and equal opportunity through our hiring practices and our culture of 
respect. Everyone plays a role in upholding this commitment. Managers are responsible for implementing 
our policies as part of their day-to-day management of employees. Employees are responsible for 
implementing our policies in their day-to-day work and interactions with colleagues and customers. To 
ensure that every employee embraces individual responsibility for building a more diverse and inclusive 
business, our expectations are articulated in a number of formal policies. 
Equal Opportunity Employer
We are committed to non-discrimination and non-harassment, and to treating people with respect and 
dignity in all aspects of employment, and employee and community relations.
Harassment-free Workplace
We are committed to providing a professional and productive work environment for our employees. We 
will not tolerate verbal or physical conduct (whether by employees or others) that harasses, disrupts, or 
interferes with another person’s work performance or that creates an intimidating, offensive, or hostile 
environment.
Human Rights Policy
We have adopted a formal Human Rights policy to further promote a workplace where employees know 
that their perspectives and contributions are heard and valued.
See the full list of policies on our website.
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D&I Programs and Supports
In addition to company policy, we bring our commitment to diversity and inclusion to life through a 
number of other efforts, including:
•	 a comprehensive Affirmative Action Plan to ensure we are targeting all candidate groups during the 
recruitment process and providing equal opportunities for all our coworkers
•	 salary banding that defines a salary range for each role based on market and internal value to drive 
pay equity across all employee groups
•	 biennial companywide anti-harassment training and frequent training on discrimination and 
unconscious bias in the workplace, and fair hiring and employment practices
•	 a Diversity and Inclusion Council and Employee Resource Groups (ERGs) 
•	 publicly pledging the CEO Action for Diversity and Inclusion 
Our efforts have proven successful. Today, 47 percent of our leaders (manager and above) self-identify 
as female, and 24 percent self-identify as non-white or undisclosed, a higher percentage of diverse 
employees by gender and ethnic/racial background than the construction industry average.
“I can walk around the building 
and can hear people speaking 
Spanish or I can see people with 
different color skin and a diverse 
environment which I think is very 
beneficial to TopBuild. People 
coming from different parts of the 
world, different cultures, different 
backgrounds, they give different 
perspectives.” 
Rodrigo K
TopBuild
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TopBuild
Total U.S. Workforce*
Construction Industry
WORKFORCE RACE RATIOS
Hispanic
WORKFORCE GENDER REPRESENTATION
White
Black
Male
Female
TopBuild
Construction Industry
44.8%
40.4%
18.6%
88.6%
77.0%
37.1%
7.8%
7.4%
12.7%
88.3%
89.6%
11.7%
10.4%
*Sums to >100% due to multi-racial reporting

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Women in Construction 
Of the millions of people working in construction, women comprise only about 11 percent. We are working 
to change that.
TopBuild is a proud partner and supporter of National Association of Women in Construction (NAWIC), an 
organization focused on strengthening and amplifying the success of women in the construction industry.
Click here to check out our 2022 Women in Construction campaign.
Employee Resource Groups
As we continue our Diversity and Inclusion journey, we have had increased employee interest in starting 
additional Employee Resource Groups (ERGs). These are groups that are employee created and led, and 
company supported with an executive sponsor and resources for each. Our two newest ERGs are:
•	 PRIDE @ TopBuild for those who identity as LGBTQ+ and their allies
•	 Women in Industry for female employees of TopBuild and their supporters 
These groups are intended to provide support, community, networking and mentoring opportunities.
“The longer I work for TopBuild 
I realize over and over again 
that I am where I should be. 
This company cares, is diligent, 
and empowering. There are 
so many perks to working for 
TopBuild. I am always learning 
new things, whether it be at the 
local level or corporate level 
everyone is always incredibly 
helpful and willing to extend a 
friendly hand. I’m beyond grateful 
for the opportunities that have 
come my way and excited for 
the possibilities in my future with 
TopBuild.” 
Evelin V
Office Manager, TruTeam
D&I Council Member
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Military Employee Resource Group (MERG)
Formed in 2022, TopBuild’s MERG supports and represents over 200 active and 
veteran military employees, as well as employees who are spouses, parents, 
children, or allies of military personnel and veterans, helping to provide:
•	 Career mentorship and personal development support
•	 Cross-functional relationship development at all levels
•	 Resume review and hiring support for managers in hiring veterans
•	 Veterans Administration Health Experience & Resources
•	 Educational opportunities
•	 Health and wellness, including mental health support
•	 A celebration of the commitment, service, and sacrifice of veterans and their families
Employee-led, this ERG is championed by Vice President of Fleet, Neil Hartzell, a veteran of the United 
States Air Force. 
Spotlight: From the Air Force to TopBuild: Veteran Joel L
We are proud to partner with organizations to support veterans’ transitions from service to industry. Joel 
L, a veteran avionics technician of the United States Air Force, and currently a Senior Fabrication Manager 
with Distribution International, shares his unique employee experience and his transition from the Military 
to TopBuild. 
Hear from Joel directly.
“The training from the Professional 
Military Education in leadership and 
management as both an enlisted 
member and as and an Air Force 
officer truly set the foundation for my 
ability to perform at the management 
level and ability to lead teams 
as a professional and drive high 
expectations.”
Joel L
Distribution International
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47
 
Left to Right: Todd B, Mason B, Robert Buck, Neil H, John S, Tim P

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STRENGTHENING OUR COMMUNITIES
Our communities are home to our customers, suppliers, employees, and their families. We want them to 
be great places to live, work, and play, and we take great pride in contributing to our communities and 
empowering our employees to make a difference wherever we operate. 
Community relations plays a vital role in attracting and retaining the best people and is consistent with our 
core values of Unity and Community. Creating positive and lasting impact in the communities we serve 
extends beyond providing employment and goods and services. It means supporting local programs that 
provide practical assistance where needed. 
We also provide opportunities for employees to donate time and resources to causes they are passionate 
about. 
Guided by a spirit of service, we support regional and national philanthropic organizations including: 
•	 Habitat for Humanity – One of our most impactful relationships is with Habitat for Humanity and we 
have hosted an annual fundraising event for this group each year for more than 7 years, raising a total 
of $3.8 million over that time.  In addition to monetary support, our teams in the field support families 
on their journey towards home ownership by donating material, volunteering their time at local Habitat 
Builds, and attending dedication ceremonies, where the impact of living our core values of Unity and 
Community is truly seen and felt. 
•	 Salvation Army – We are a sponsor of the Salvation Army’s Angel Tree program, providing new clothing 
and toys to families in need during the holiday season.
•	 NASCAR Foundation – We recently expanded our sponsorship commitment to fund and build playsets 
for pediatric cancer patients.
•	 Payit4ward – We sponsor Payit4ward’s annual summer Back to School Drive and for the last five years 
have provided supplies and backpacks to more than 3,000 children.
•	 American Red Cross – We regularly donate to the American Red Cross, helping to ensure that they 
have the necessary funding throughout the year to assist families recovering from natural disasters. 
In 2022, TopBuild matched employee giving and donated more than $35,000 for those affected by 
Hurricanes Ian and Nicole.
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“When I was presented with the opportunity to partner with my DI and Silvercote 
teammates to build a playground set for Lela, a beautiful child stricken with 
Cancer, I couldn’t volunteer fast enough. I can’t recall having the opportunity to 
do something so heartwarming in the 30+ years of my professional career.  I’m 
truly grateful and honored for the opportunity provided by TopBuild and their 
wonderful partnership with the NASCAR Foundation to build a playground set for 
such a deserving child and her wonderful family.”
Ron C
Distribution International
Nascar Foundation, Building Hope for Lela
Distribution International and Silvercote Teams
Left to Right: Brent G, Davy C, Stephanie R, Dan S, 
Todd H, Randy S, Ron C, Bayley Currey with Nascar, 
Bill J, Rafael M

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Governance
Section 6
IN THIS SECTION
Strengthening Business Resilience
Leading with Integrity
Upholding our Ethical Standards
Managing Risks for Resilience
Building Resilience in our Supply Chain
Protecting Data Privacy and Driving Cyber Security
ZAKARIYA D 
TRUTEAM
50

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STRENGTHENING BUSINESS RESILIENCE
The resilience of our business is critical to our stakeholders and remains a top aim of our ESG efforts. 
Through our core insulation business, we deliver improved energy efficiency, emissions reductions, and 
improved home and business comfort and air quality, providing a significant net environmental benefit. 
To execute successfully against this business model, we are focused on embedding ESG considerations 
– both risks and opportunities – into our broader business policies and planning, as well as our risk 
management processes. Underpinned by strong governance practices, this intentional integration 
supports our goals and strategy and enhances the resilience of our business.
LEADING WITH INTEGRITY
Board Leadership
Our Board of Directors is our governing body and is responsible for assuring we achieve profitable growth 
and conduct our business in an ethical manner. The leadership and oversight the Board provides results in 
accountability, trust, and transparency for our shareholders, employees, suppliers, and customers.
Our Board members believe that setting the tone at the top with a strong governance structure is critical 
to our long-term success. They have adopted Corporate Governance Guidelines that contain general 
principles regarding the responsibilities and function of our Board and Committees. The Guidelines 
set forth the governance practices with respect to leadership structure, meetings, access to senior 
management, director compensation, director qualifications, Board performance, management evaluation 
and succession planning, and enterprise risk management. 
Governance
TOPBUILD
BOARD OF DIRECTORS
Left to right: Robert Buck, Alec Covington, Ernesto 
Bautista III, Joe Cantie, Tina Donikowski, Deirdre 
Drake, Mark Petrarca, Nancy Taylor
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Board snapshot – strong governance is part of our culture:
•	 Board is composed of eight members, seven of whom are independent
•	 Average Board member tenure is less than four years
•	 Board members are elected annually
•	 The position of Chairperson of the Board and CEO are separate
•	 The Board has established three standing committees: Audit, Compensation, and Governance
•	 All members of the committees are independent directors
•	 Independent directors regularly meet in private sessions without management present
•	 The Compensation Committee regularly engages an independent compensation consultant
Board Oversight of ESG
The Board has retained oversight of the Company’s ESG practices rather than delegating oversight to a 
committee. In addition, each standing Committee has assumed ESG responsibilities under the Board’s 
oversight and Committee charters reflect such responsibilities.
0-3 years
4-7 years
8+ years
TENURE
5 years 
average 
tenure of 
directors
<55 years
56-64 years
65+ years
AGE
59 years 
average 
age of 
directors
Men
Women
GENDER
38% of 
directors 
are women
Black
Hispanic
Caucasian
ETHNICITY
25% of 
directors are 
ethnically 
diverse
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Executive Oversight of ESG
While the Board oversees our overall ESG strategy, the ESG Management Committee is responsible 
for executing that strategy, advancing our companywide culture of sustainability, and reporting on our 
progress to the Board. The ESG Management Committee is chaired by our Chief Executive Officer and 
includes our executive officers and other company leaders. Our Vice President of ESG is tasked with 
leading the development and implementation of ESG priorities across our operations and functions.
Executive Leadership  
TopBuild is led by a team of highly experienced executives who bring a diversity of perspectives and a 
wealth of experience from within and outside the company. Our team brings an average tenure of nine 
years at TopBuild – and a collective 200 years of industry experience. More than 40 percent of our top 
leadership team are diverse in gender or ethnic background.  
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Joined: 1997
ROBERT BUCK
President & Chief 
Executive Officer
2018
ROB KUHNS
Chief Financial       
Officer
2020
LUIS MACHADO
General Counsel & 
Secretary
2007
SRI PULLAREDDY
Chief Information       
Officer
2020
JENNIFER SHOFFNER
Chief Human 
Resources Officer
2019
ROBIN STENNET
Chief Growth
Officer
2009
JOEY VISELLI
Chief Operating
Officer
2015
JEFF FRANKLIN
President, Specialty 
Distribution
1999
RIP HUBBARD
Senior Vice President, 
Supply Chain
2015
STEVE RAIA
President, 
TruTeam
2015
TABITHA ZANE
Vice President, 
Investor Relations

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William S
TruTeam
UPHOLDING OUR ETHICAL STANDARDS
Our ethical standards strengthen resilience by building trust, managing risk, protecting reputation, 
improving employee engagement, and ensuring compliance with legal and regulatory requirements. Our 
values guide us in making the right decisions in all that we do. To uphold the trust our stakeholders place 
in us and reduce risks, we have also proactively built and actively maintain a culture of ethics, integrity, 
and legal compliance across our company. All employees must also align with our high ethical, legal, and 
professional standards in our interactions with each other, and with our customers, suppliers, and the 
public at large. 
Three important underpinnings of our ethical standards include our Code of Business Conduct and Ethics, 
training and awareness, and our ethics hotline. We also outline standards we expect of our suppliers, and 
publish a comprehensive set of policies that govern specific areas. 
Learn more about our policies.
Code of Business Conduct and Ethics
We require that our employees perform their duties and responsibilities in an ethical manner and in 
compliance with applicable laws and regulations in all places where we conduct business or interact with 
third parties. Our Code of Business Conduct and Ethics (the “Code”) applies to all of our employees 
and informs our expectations for the day-to-day conduct of our business. The Code is the foundational 
policy for ethics at TopBuild and provides guidance on our policies, the laws and regulations that affect 
our operations, and, along with our values, how to make sound business decisions in complex situations. 
Topics addressed by the Code include, for example, compliance with laws and regulations, avoiding 
conflicts of interest, and fair business dealings. As a condition of employment, we require all employees 
to review and comply with our Code of Business Conduct and Ethics, and all employees, other than direct 
labor, complete ethics training and a conflicts of interest questionnaire annually.
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Training and Awareness
A critical component to driving effective ethical behavior is continuous education of and communication 
to our employees about our ethics and values. We deliver and track mandatory recurring training on ethics 
topics, practices, and policies, addressing such issues as anti-bribery, fraud, anti-harassment, workplace 
violence, and performance.
Our internal audit team, in their ongoing audit function and under the leadership of our Director of Internal 
Audit, also checks overall compliance and safety training when conducting audit visits to our branch 
locations. When locations are reported to have potential compliance or safety concerns, we provide 
resources and education to support improvements or address any concerns.
Ethics Hotline
Employees are expected and encouraged to report any issues or concerns related to possible conduct 
inconsistent with the Code, applicable legal requirements, or our values. The Code outlines a number of 
channels for discussing questions or reporting concerns.
We also maintain a third-party Whistleblower and Ethics hotline and provide an email address and phone 
number to allow anonymous reporting of any issues or concerns, 24 hours a day, 7 days a week.
All reports are logged, investigated by the appropriate corporate function, or escalated to senior 
leadership or a third party, as required by our Compliance Reporting Policy. Investigations are closed in a 
timely manner and results are reported to the Board on a quarterly basis.
Employees can report good faith concerns and/or participate in internal investigations without fear of 
retaliation.
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MANAGING RISKS FOR RESILIENCE
A primary way TopBuild has always driven continuity and mitigated risk is through our robust Enterprise 
Risk Management (ERM) process, an important means of aligning and managing material risks across the 
enterprise, and ultimately, supporting the resilience of our business. 
As discussed in our annual report on Form 10-K, our ERM process identifies risks to our business. 
These risks include attracting, developing, and retaining top talent and labor, securing reliable access to 
materials that we distribute and install, Cybersecurity, M&A and other economic matters. Our scale and 
flexible business model offer supply access, hiring and retention advantages, and the ability to respond 
quickly to changing conditions, mitigating operational risks identified in a timely and efficient manner. 
We recognize that the nature and scope of business risks, including those relating to climate change, are 
constantly evolving. Our ERM process, established and overseen by our Board of Directors and executed 
by our leadership team, is built to assess evolving risks, including those identified in connection with our 
ESG analysis and reporting program.
For example, the ESG Management Committee brings together cross-functional leaders, including risk 
and audit, to understand emerging global risks and address them through ERM systems and processes. 
ESG risks will be specifically addressed on an ongoing basis as part of this process, with appropriate 
guidance and oversight from the Board.
In addition, our Board regularly reviews information regarding the company’s credit, liquidity, and 
operations, including the risks and potential ESG drivers associated with each.  
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Lesly L
TruTeam
BUILDING RESILIENCE IN OUR SUPPLY CHAIN 
The reliability of our supply chain is one of the most important elements of the resilience of our business. 
Given the importance of supply chain management and business resilience to our stakeholders, we will 
continue to focus on partnering with suppliers to enhance policies, standards, and disclosures to manage 
and mitigate business risk.
Supplier Practices
We hold our suppliers to the same high standards we hold ourselves, and have implemented clear policies 
and practices related to product safety and quality, as well as other factors related to our suppliers’ 
operations. We also work closely with suppliers to help ensure reliable and timely access to materials.
Our Supplier Business Practices Policy outlines our expectations of our supplier base with respect 
to ethical behavior, worker and product safety, working conditions, compliance with laws and regulations, 
and environmental standards relating to their operations. Our expectation is that goods produced for us 
come from facilities in which working conditions, environmental protection, and human rights practices are 
monitored and the supplier complies with laws, regulations, and policies applying to those areas.
All suppliers are expected to comply with our supplier policy. These standards apply whether the supplier 
is a TopBuild company, an affiliate, or a third party. 
Product Quality and Safety
To support implementation of the supplier policy and standards, and to mitigate risks related to product 
quality and safety, we have also outlined a series of standard Terms and Conditions in contractual 
agreements between suppliers and TopBuild and its subsidiaries. These Terms and Conditions are a strict 
requirement to do business with TopBuild. These include, but are not limited to, the following provisions:
•	 Total and full indemnity and defense obligations to TopBuild from all suppliers in the event of recalls, 
and issues with quality of materials or workmanship
•	 Payment credit for nonconforming supplies
•	 Certificate of Conformance, which requires that suppliers of building materials furnish a certificate of 
conformance to the attention of our Quality Assurance Manager on request, stating compliance to the 
specifications for the supplies and all purchase order requirements including our terms and conditions
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Lenwood M
TruTeam
•	 Recall responsibilities, which state that suppliers will be responsible for all processes and costs 
relating to any recall
•	 Limitations on our liability
•	 Specific limits on insurance coverage 
•	 Priority inspections and investigation
We also focus on working with suppliers with industry-leading practices and certifications related to 
quality (e.g., ISO9001), health and safety management (e.g., ISO45001), and environmental and energy 
management (e.g., ISO14001 and 50001), among others. In fact, all six of our largest suppliers maintain, 
or are in the process of seeking, relevant certifications from this list and beyond. Our Senior Vice President 
of Supply Chain and the Supply Chain Team make routine onsite visits to manufacturer plant locations to 
ensure that our relationships with our suppliers remain aligned with our corporate values.
In addition, our suppliers provide relevant formal documentation or certification about the environmental, 
health, and safety impacts of products, such as Environmental Product Declarations or GREENGUARD 
certifications.
In the case of prior non-conformance, suppliers have insured, indemnified, and defended us when put on 
notice. In the past five years, no material quality or defect claims have been reported in our financials.
To further reduce residual risk exposure in the case of product issues, we maintain an insurance program 
that provides excess coverage in the hundreds of millions of dollars.
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Reliability of Supply
Having reliable access to high-quality, safe products is critical to our business. To that end, we maintain 
a network of leading suppliers across our product lines and do not engage in contract exclusivity. As 
needed, we can shift our material suppliers should product defects, shortages, or quality issues arise. 
We work primarily with large manufacturers with proven track records, with the majority of our material 
purchases made with the top fiberglass batt and blown-in insulation manufacturers, and the top three 
spray foam insulation suppliers.
We also work closely with our suppliers to provide forecasts to mitigate variability in demand and support 
predictability. 
Selected Key Suppliers
For more information on our engagement with suppliers, please visit our Suppliers webpage, which 
includes our Suppliers Business Practices Policy, our processes to manage and comply with conflict 
mineral regulations, and other information that applies to our purchasing practices.
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PROTECTING DATA PRIVACY AND DRIVING CYBERSECURITY 
Cybersecurity threats and targeted cyberattacks pose a risk to global information technology systems, 
including ours. Our operations and in turn our business resilience, are dependent upon our information 
technology systems, including systems run by third-party suppliers, to manage our business processes 
including supply chain, customer orders, jobs, payroll, and all other business critical systems on a timely 
basis. Given the centrality of technology to our business, we maintain a constant focus on understanding 
and reducing risks related to digital threats. 
Our cybersecurity program is led by the Director of IT Security, who reports to the Chief Information 
Officer (CIO) with a mission to strengthen our data security and privacy practices to identify, address, and 
mitigate these risks and enhance the resilience of our business and processes. They are responsible for 
all facets of information security including network security, threat intelligence, vulnerability and identity 
management, response and recovery strategies, and continuous improvement across information security 
domains. To punctuate the essential nature of this work, the Board of Directors and executive team 
oversee the security program and review its status and progress against identified goals at scheduled 
meetings.  
To support our daily efforts, TopBuild has established security policies, processes, and defenses designed 
to help identify and protect against intentional and unintentional disruption of our information technology 
systems and operations. Our multi-faceted program includes:
•	 regular testing and tabletop and cybersecurity exercises
•	 ongoing systems audit and maintenance
•	 direct employee awareness and training
•	 a formal process for risk evaluation and setting of controls
•	 company policies and monitoring practices to protect our information and reduce data privacy and 
security risks 
•	 third-party specialists to routinely assess our systems, provide information about emerging risks, and 
recommendations for improvement
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TopBuild Home Services
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One of the most important lines of defense is to teach our employees how to spot and respond to 
potential digital threats. We work to reduce cyber risks by providing our employees with recurring 
education and training on how to protect company data, systems, and assets from avoidable 
cybersecurity threats, such as phishing. 
Our policies and programs have been developed based on best practices from multiple frameworks to 
define the elements most relevant to our business and have a set of controls that integrates guidance from 
the U.S. National Institute of Standards and Technology’s (NIST) cybersecurity framework.
We have built-in escalation paths with dedicated leaders and our legal team to quickly manage any 
incidents that may arise in the course of standard operations. 
We report material data privacy and information security breaches in our annual 10-K report. To date, we 
have not experienced a material information security breach.
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TopBuild’s 2022 ESG Report provides information on the management and performance of our commitments to 
address environmental, social, and governance priorities while building long-term value for our stakeholders. This 
report covers calendar year 2022 unless otherwise noted and references the relevant sector standards from the 
Sustainability Accounting Standards Board. 
We are committed to transparency in ESG reporting, and we are working to continually improve our reporting as our 
sustainability journey and industry best practices evolve.
To learn more about TopBuild, please visit our website at www.topbuild.com.
FORWARD LOOKING STATEMENTS
Statements contained herein reflect our views about future periods, including our future plans and performance, 
constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995.  Forward-looking 
statements can be identified by words such as “will,” “would,” “anticipate,” “expect,” “believe,” “designed,” “plan,” 
or “intend,” the negative of these terms, and similar references to future periods.  These views involve risks and 
uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results 
discussed in our forward-looking statements.  We caution you against unduly relying on any of these forward-looking 
statements.  Our future performance may be affected by a number of risks including but not limited to the material 
risks under the caption entitled “Risk Factors” in our most recent Annual Report, as filed with the SEC, as well as under 
the caption entitled “Risk Factors” in subsequent reports that we file with the SEC.  Our forward-looking statements in 
this report speak only as of the date of this report.  Factors or events that could cause our actual results to differ may 
About this Report
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emerge from time to time and it is not possible for us to predict all of them.  Unless required by law, we 
undertake no obligation to update any forward-looking statements as a result of new information, future 
events, or otherwise.  The Company believes that the non-GAAP performance measures and ratios that 
are contained herein, which management uses to manage our business, provide additional meaningful 
comparisons between current results and results in our prior periods. Non-GAAP performance measures 
and ratios should be viewed in addition, and not as an alternative, to the Company’s reported results 
under United States GAAP. Additional information about the Company is contained in the Company’s 
filings with the SEC and is available on TopBuild’s website at www.topbuild.com.
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Reporting Indexes
Accounting Metric
Reference
Amount of defect- and safety-related rework costs 
2022 ESG Report page 58
Total amount of monetary losses as a result of legal proceedings associated with defect- 
and safety-related incidents
2022 ESG Report page 58
(1) Total recordable incident rate (TRIR) and (2) fatality rate for (a) direct employees and 
(b) contract employees 
2022 ESG Report page 40
Description of policies and practices for prevention of (1) bribery and corruption, and (2) 
anti-competitive behavior in the project bidding processes
2022 ESG Report page 54
SUSTAINABILITY ACCOUNTING STANDARDS BOARD (SASB)
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GRI Standard
Disclosure
Location
GRI 2: General Disclosures
2-1 Organizational Details
2022 ESG Report pages 8-11
2-2 Entries included in the organization’s sustainability reporting
2022 ESG Report pages 8-11
2-9 Governance structure and composition
2023 Notice of Annual Meeting & Proxy Statement
2-10 Nomination and selection of the highest governance body
2023 Notice of Annual Meeting & Proxy Statement
2-11 Chair of the highest governance body
2023 Notice of Annual Meeting & Proxy Statement
2-14 Role of the highest governance body in sustainability reporting
2022 ESG Report pages 52-53
2-21 Annual total compensation ratio
2023 Notice of Annual Meeting & Proxy Statement
2-22 Statement on sustainable development strategy
2022 ESG Report page 6
2-23 Policy commitments
2022 ESG Report page 54
2-24 Embedding policy commitments
2022 ESG Report page 54
2-26 Mechanisms for seeking advice and raising concerns
2022 ESG Report page 55
2-29 Approach to stakeholder engagement
2022 ESG Report page 14
2-30 Collective bargaining agreements
Annual Report Form 10-K
GRI 3: Material Topics 2021
3-1 Process to determine material topics
2022 ESG Report page 16
3-2 List of material topics
2022 ESG Report page 17
3-3 Management of material topics
2022 ESG Report pages 17-18
GRI 301: Materials 2016
301-2 Recycled input materials used
2022 ESG Report page 22
GRI 305: Emissions 2016
305-1 Direct (Scope 1) GHG emissions
2022 ESG Report page 27
305-4 GHG emissions intensity
2022 ESG Report page 27
GRI 401: Employment 2016
401-1 New employee hires and employee turnover
Annual Report Form 10-K
GRI 403: Occupational Health and Safety 2018
403-1 Occupational health and safety management system
2022 ESG Report page 41
403-2 Hazard identification, risk assessment, and incident investigation
2022 ESG Report page 41
403-4 Worker participation, consultation, and communication on occupational 
health and safety
2022 ESG Report pages 38-41
403-5 Worker training on occupational health and safety
2022 ESG Report page 41
403-6 Promotion of worker health
2022 ESG Report pages 32-33
403-8 Workers covered by an occupational health and safety management system
2022 ESG Report page 41
403-9 Work-related injuries
2022 ESG Report page 40
GRI 404: Training and Education 2016
404-2 Programs for upgrading employee skills and transition assistance programs
2022 ESG Report pages 34-35
GRI 405: Diversity and Equal Opportunity 2016
405-1 Diversity of governance bodies and employees
2022 ESG Report page 44, 52
GLOBAL REPORTING INITIATIVE (GRI)

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Endnotes
1 UN Environment Programme
2 EcoBatt® batts and rolls - Transparency Catalog
3 GreenGuard Certification I UL
4 Environmental Product Declaration - HFO/HFC
5 Environmental Product Declaration - HFC
6 U.S. Department of Energy, Insulation Materials
7 TimberHP Sustainable Financing Framework
8 Bureau of Labor and Statistics for NAICS 23831 (2021)
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© 2023 TopBuild Corp.