DOCSLIB.ORG

LBG 2018 Strategic Update

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
LBG 2018 Strategic Update STRATEGIC UPDATE 21 February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• 3#/4(03.5*'3061+/50#&+)+5+4'&4+.1-'-083+4,%6450.'3(0%64'&!(+/#/%+#-4'37+%'4 1307+&'3 • '7'3#)' 063 .6-5+$3#/& #/& .6-5+%*#//'- .0&'- +/%-6&+/) 5*' !=4 -#3)'45 &+)+5#- $#/, #/& $3#/%*/'5803,50$'5*'$'45$#/,(03%6450.'34 • /7'45 .03' 5*#/ ; $+--+0/ +/ 453#5')+% +/+5+#5+7'4 #/ +/%3'#4' 0( .03' 5*#/ 1'3 %'/5 0/ 5*' 13'7+064453#5'):50(635*'3'/*#/%'%6450.'3130104+5+0/4(635*'3&+)+5+4'5*'3061.#9+.+4' %#1#$+-+5+'4#4#/+/5')3#5'&(+/#/%+#-4'37+%'1307+&'3#/&53#/4(03.5*'8#:8'803, ':065%0.'4#/&(+/#/%+#-5#3)'54 • 3085*+/5#3)'5'&4').'/548+5*4530/)45#56503:130(+5)3085* • 1'3#5+/)%04540(-'445*#/;$+--+0/+/ 8+5*%045+/%0.'3#5+0+/-08 4#48''9+5 • 44'5 26#-+5: 3#5+0 0( #306/& $#4+4 10+/54 5*306)* 5*' %:%-' #/& -'44 5*#/ $#4+4 10+/54 &63+/)5*'1-#/1'3+0& • 530/)#/&461'3+033'563/4 < 1'3%'/53'563/0/5#/)+$-''26+5:(30. 0/#*+)*'3 %#1+5#-$#4' •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email protected]<>;[email protected]*?. =1.,*9*+252=2.<=8-.52?.;/>=>;.<>,,.<< 53#5')+%13+03+5+'4 '.1*?.2-.7=2/2.-/8>;<=;*=.02,9;28;2=2.</8,><.-87=1./27*7,2*57..-<*7-+.1*?28>;<8/=1.,><=86.;8/ =1. />=>;. />;=1.; .71*7,270 8>; 5.*-270 ,><=86.; .A9.;2.7,. />;=1.; -202=2<270 =1. ;8>9 6*A262<270 ;8>9,*9*+252=2.<*7-=;*7</8;6270@*B<8/@8;4270'.@25527?.<=68;.=1*7E +25528727=1.<.<=;*=.02, 272=2*=2?.<=1;8>01=1.95*79.;28-=1*=@255-;2?.8>;=;*7</8;6*=28727=8*-202=2<.-<2695.58@;2<4,><=86.; /8,><.-&/27*7,2*5<.;?2,.<9;8?2-.; '.@255-;2?.<=;870.;,><=86.;;.5*=287<129<=1;8>01+.<=27,5*<<9;898<2=287<@125.,87=27>270=89;8?2-. 8>;,><=86.;<@2=1+;2552*7=<.;?2,270*7-*<.*65.<<.A9.;2.7,.*,;8<<*55,1*77.5<%12<@25527,5>-. • ;.6*27270=1.7>6+.; -202=*5+*7427=1.&@2=189.7+*74270/>7,=287*52=B • >7;2?*55.-;.*,1@2=1&I<5*;0.<=+;*7,17.=@8;4<.;?270,8695.A7..-<*7- • -*=*-;2?.7*7-9.;<87*52<.-,><=86.;9;898<2=287< '[email protected].@=.,178580B=8-;2?.*--2=287*589.;*=287*5.//2,2.7,2.<=1*=@2556*4.+*74270<2695.*7- .*<2.;/8;,><=86.;<@125<=;.->,27089.;*=270,8<=<9>;<>270=1./8558@270272=2*=2?.< • -..9.;.7-=8.7-=;*7</8;6*=287=*;0.=2708?.; 9.;,.7=8/,8<=+*<. • <26952/2,*=287*7-9;80;.<<2?.68-.;72<*=2878/8>;-*=**7-%27/;*<=;>,=>;.*7- • =.,178580B.7*+5.-9;8->,=2?2=B269;8?.6.7=<*,;8<<=1.+><27.<< '. @255 -..9.7 ,><=86.; ;.5*=287<129< 0;8@ 27 =*;0.=.- <.06.7=< *7- +.==.; *--;.<< 8>; ,><=86.;<I +*74270*7-27<>;*7,.7..-<*<*727=.0;*=.-/27*7,2*5<.;?2,.<9;8?2-.;%12<@25527,5>-. • 27,;.*<27027*7,2*5"5*77270*7-#.=2;.6.7="#89.7+884*<<.=<+B68;.=1*7E +255287+B @2=168;.=1*7 [email protected]<287,><=86.;< • 2695.6.7=270*727=.0;*=.-"#9;898<2=287@2=1<2705.,><=86.;?2.@*7- •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email protected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
Load more

Recommended publications
  • 18 February 2019 Solvency and Diversification in Insurance Remain Key Strengths Despite Change in Structure
    FINANCIAL INSTITUTIONS ISSUER IN-DEPTH Lloyds Banking Group plc 18 February 2019 Solvency and diversification in insurance remain key strengths despite change in structure Summary RATINGS In 2018, Lloyds Banking Group plc (LBG) altered its structure to comply with the UK's ring- Lloyds Banking Group plc Baseline Credit a3 fencing legislation, which requires large banks to separate their retail and SME operations, Assessment (BCA) and deposit taking in the European Economic Area (EEA) from their other activities, including Senior unsecured A3 Stable the riskier capital markets and trading business. As part of the change, LBG designated Lloyds Bank plc as the“ring-fenced” entity housing its retail, SME and corporate banking operations. Lloyds Bank plc It also assumed direct ownership of insurer Scottish Widows Limited, previously a subsidiary Baseline Credit A3 Assessment (BCA) of Lloyds Bank. The changes had little impact on the creditworthiness of LBG and Lloyds Adjusted BCA A3 Bank, leading us to affirm the deposit and senior unsecured ratings of both entities. Scottish Deposits Aa3 Stable/Prime-1 Widows' ratings were unaffected. Senior unsecured Aa3 Stable » LBG's reorganisation was less complex than that of most UK peers. The Lloyds Lloyds Bank Corporate Markets plc Banking Group is predominantly focused on retail and corporate banking, and the Baseline Credit baa3 required structural changes were therefore relatively minor. The group created a small Assessment (BCA) separate legal entity, Lloyds Bank Corporate Markets plc (LBCM), to manage its limited Adjusted BCA baa1 Deposits A1 Stable/Prime-1 capital markets and trading operations, and it transferred its offshore subsidiary, Lloyds Issuer rating A1 Stable Bank International Limited (LBIL), to LBCM from Lloyds Bank.
    [Show full text]
  • Hsbc to Acquire Lloyds Banking Group Onshore Assets in the Uae
    Ab c 29 March 2012 HSBC TO ACQUIRE LLOYDS BANKING GROUP ONSHORE ASSETS IN THE UAE HSBC Bank Middle East Ltd (‘HSBC’), an indirect wholly-owned subsidiary of HSBC Holdings plc, has entered into an agreement to acquire the onshore retail and commercial banking business of Lloyds Banking Group (‘Lloyds’) in the United Arab Emirates (‘UAE’). The value of the gross assets being acquired is US$769m as at 31 December 2011. The transaction, which is subject to regulatory approvals, is expected to complete in 2012. HSBC’s largest operations in the MENA region are based in the UAE where HSBC enjoys a market-leading trade and commercial banking presence, in addition to the largest international retail banking and wealth management business. The business being acquired from Lloyds has approximately 8,800 personal and commercial customers and a loan book of approximately US$573m as at 31 December 2011. Commenting on the acquisition, Simon Cooper, Deputy Chairman and Chief Executive Officer of HSBC in MENA, said: “HSBC is the leading international bank in the UAE and the addition of Lloyds’ strong presence in retail and commercial banking is highly complementary to our business. The acquisition underscores the strategic importance of the UAE, and of the MENA region as a whole, to HSBC.” Media enquiries to: Tim Harrison + 971 4 4235632 [email protected] Brendan McNamara +44 (0) 20 7991 0655 [email protected] ends/more Registered Office and Group Head Office: This news release is issued by 8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com HSBC Holdings plc Incorporated in England with limited liability.
    [Show full text]
  • Natwest, Lloyds Bank and Barclays Pilot UK's First Business Banking Hubs
    NatWest, Lloyds Bank and Barclays pilot UK’s first business banking hubs NatWest, Lloyds Bank and Barclays have announced that they will pilot the UK’s first shared business banking hubs. The first hub will open its door in Perry Barr, Birmingham today. The pilot will also see five other shared hubs open across the UK in the coming weeks The hubs have been specifically designed to enable businesses that manage cash and cheque transactions to pay in large volumes of coins, notes and cheques and complete cash exchange transactions. They will be available on a trial basis to pre-selected business clients in each local area and will offer extended opening times (8am to 8pm) 7 days a week, providing business and corporate customers more flexibility to manage their day-to-day finances. The hubs will be branded Business Banking Hub and they have been designed to enable business customers from Natwest, Lloyds Bank and Barclays to conduct transactions through a shared facility. Commenting on the launch of the pilot, Deputy CEO of NatWest Holdings and CEO of NatWest Commercial and Private Banking Alison Rose said: “We have listened to what our business customers really want from our cash services. It is now more important than ever that we continue to offer innovative services, and we are creating an infrastructure that allows small business owners and entrepreneurs to do what they do best - run their business. I look forward to continued working with fellow banks to ensure the UK's businesses are getting the support they deserve." Commenting on the support this will provide businesses, Paul Gordon, Managing Director of SME and Mid Corporates at Lloyds Bank Commercial Banking said: “SMEs are the lifeblood of the UK economy.
    [Show full text]
  • Meet the Exco
    Meet the Exco 18th March 2021 Alison Rose Chief Executive Officer 2 Strategic priorities will drive sustainable returns NatWest Group is a relationship bank for a digital world. Simplifying our business to improve customer experience, increase efficiency and reduce costs Supporting Powering our strategy through customers at Powered by Simple to Sharpened every stage partnerships deal with capital innovation, partnership and of their lives & innovation allocation digital transformation. Our Targets Lending c.4% Cost Deploying our capital effectively growth Reduction above market rate per annum through to 20231 through to 20232 CET1 ratio ROTE Building Financial of 13-14% of 9-10% capability by 2023 by 2023 1. Comprises customer loans in our UK and RBS International retail and commercial businesses 2. Total expenses excluding litigation and conduct costs, strategic costs, operating lease depreciation and the impact of the phased 3 withdrawal from the Republic of Ireland Strategic priorities will drive sustainable returns Strengthened Exco team in place Alison Rose k ‘ k’ CEO to deliver for our stakeholders Today, introducing members of the Executive team who will be hosting a deep dive later in the year: David Lindberg 20th May: Commercial Banking Katie Murray Peter Flavel Paul Thwaite CFO CEO, Retail Banking NatWest Markets CEO, Private Banking CEO, Commercial Banking 29th June: Retail Banking Private Banking Robert Begbie Simon McNamara Jen Tippin CEO, NatWest Markets CAO CTO 4 Meet the Exco 5 Retail Banking Strategic Priorities David
    [Show full text]
  • Rating Action, Barclays Bank UK
    Rating Action: Moody's takes rating actions on Barclays, Lloyds, Santander UK, Nationwide and Close Brothers, following update to banks methodology 13 Jul 2021 London, 13 July 2021 -- Moody's Investors Service (Moody's) has today taken rating actions on Barclays, Lloyds, Santander UK and Close Brothers banking groups and on Nationwide Building Society, including the upgrade of the long-term senior ratings of Lloyds Banking Group plc and Close Brothers Group plc. The rating actions were driven by revisions to Moody's Advanced Loss Given Failure (Advanced LGF) framework, which is applied to banks operating in jurisdictions with Operational Resolution Regimes, following the publication of Moody's updated Banks Methodology on 9 July 2021. This methodology is available at this link: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1269625 . A full list of affected ratings and assessments can be found at the end of this Press Release. RATINGS RATIONALE Today's rating actions were driven by revisions to the Advanced Loss Given Failure framework within Moody's updated Banks Methodology: a revised notching guidance table, with thresholds at lower levels of subordination and volume in the liability structure have been applied to the UK banks and Additional Tier 1 (AT1) securities issued by banks domiciled in the UK have been included in the Advanced LGF framework, eliminating the previous analytical distinction between those high trigger instruments that were deemed to provide equity-like absorption of losses before the point of failure and other AT1 securities. Moody's removal of equity credit for high trigger Additional Tier 1 (AT1) instruments from banks' going concern capital means that affected banks have reduced capacity to absorb unexpected losses before the point of failure, everything else being equal.
    [Show full text]
  • Bankrolling the World
    Since 2005, the UK’s high street banks have poured at least £12 billion into coal mining. Much of this is ordinary people’s money. Stop By nancing this dirty industry, banks are complicit in pushing people off their land and destroying communities around bankrolling the world. Coal is extracted and exported for use elsewhere, while many of the affected communities are among the 1.3 billion people who have no access to electricity. coal Join with WDM in calling for banks to get out of coal. The facts: UK banks and coal mining 2005-2012 £4.0bn £3.1bn £2.1bn £1.9bn £900m RBS and NatWest: Barclays: HSBC: Standard Chartered: Lloyds Banking Group: Glencore Xstrata*, South Africa Bumi Resources, Indonesia Drummond, Colombia Borneo Lumbung, Indonesia Cerrejón, Colombia The RBS Group (including NatWest), is the Barclays has long been a target of public HSBC is the UK’s biggest bank and one of Standard Chartered is descended from the A large part of Lloyds Banking Group (inlcuding biggest fi nancier of coal mining in the UK. anger for its lack of ethics, from links to the top three banks in the world. It was ‘Chartered Bank of India, Australia and China’ Halifax and Bank of Scotland) is owned by the After the fi nancial crisis of 2008, RBS was Apartheid South Africa in the 1980s to the established in 1865 as the Hong Kong and and the ‘Standard Bank of British South UK taxpayer. Despite being smaller than the 84 per cent nationalised as part of the bank recent rate fi xing scandal.
    [Show full text]
  • FTSE Factsheet
    FTSE COMPANY REPORT Share price analysis relative to sector and index performance Bank Pekao SA GDR (REG S) TICKER Banks — USD 28 at close 21 April 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 21-Apr-2015 1D WTD MTD YTD Absolute - - - - Rel.Sector - - - - Rel.Market - - - - VALUATION Data unavailable Trailing PE - EV/EBITDA - PB - PCF - Div Yield - Price/Sales - Net Debt/Equity - Div Payout - ROE - DESCRIPTION Data unavailable The Bank is a universal commercial bank, offering a broad range of banking services on domestic and foreign financial markets, provided to retail and corporate clients, in compliance with the scope of services, set forth in the Bank's Articles of Association. Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Bank Pekao SA GDR (REG S) 21 April 2021 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) Data unavailable Lloyds Banking Group 34.6 Standard Chartered 28.4 Bank of Georgia Group 1.0 Banks 30.3 Lloyds Banking Group 22.6 TBC Bank Group 0.8 HSBC Hldgs 28.6 HSBC Hldgs 22.0 HSBC Hldgs 0.7 Close Brothers Group 21.4 Banks 18.0 Lloyds Banking Group 0.6 Barclays 21.1 Close Brothers Group 15.8 Banks 0.6 Investec 2.1 Bank of Georgia Group 7.4 Natwest Group 0.5 Metro Bank -0.7 Barclays 6.4 Barclays 0.5 Virgin Money UK -12.4 Metro Bank 0.0 Standard Chartered 0.4 Natwest Group -31.5 Virgin Money UK 0.0 Metro Bank 0.2 Bank Pekao SA GDR (REG S) -120.0 Bank Pekao
    [Show full text]
  • 2020-Bos-Annual-Report.Pdf
    Bank of Scotland plc Report and Accounts 2020 Member of Lloyds Banking Group Bank of Scotland plc Contents Strategic report 2 Directors’ report 10 Directors 14 Forward looking statements 15 Independent auditors’ report 16 Consolidated income statement 25 Statements of comprehensive income 26 Balance sheets 28 Statements of changes in equity 30 Cash flow statements 32 Notes to the accounts 33 Subsidiaries and related undertakings 122 Registered office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland No. 327000 Bank of Scotland plc Strategic report Principal activities Bank of Scotland plc (the Bank) and its subsidiaries (together, the Group) provide a wide range of banking and financial services. The Group’s revenue is earned through interest and fees on a broad range of financial services products including current and savings accounts, personal loans, credit cards and mortgages within the retail market; loans and other products to commercial, corporate and asset finance customers; and private banking. Business review In the year to 31 December 2020, the Group recorded a profit before tax of £883 million compared to £1,278 million in the year to 31 December 2019. Total income decreased by £886 million, or 15 per cent, to £5,147 million in the year ended 31 December 2020 compared to £6,033 million in 2019 with a £220 million decrease in net interest income combined with a reduction of £666 million in other income. Net interest income was £5,208 million in the year ended 31 December 2020, a decrease of £220 million, or 4 per cent compared to £5,428 million in 2019 reflecting the lower rate environment, actions taken during the year to support customers and reduced levels of customer activity and demand during the coronavirus pandemic.
    [Show full text]
  • Lloyds Banking Group PLC
    Lloyds Banking Group PLC Primary Credit Analyst: Nigel Greenwood, London (44) 20-7176-1066; [email protected] Secondary Contact: Richard Barnes, London (44) 20-7176-7227; [email protected] Table Of Contents Major Rating Factors Outlook Rationale Related Criteria Related Research WWW.STANDARDANDPOORS.COM/RATINGSDIRECT JUNE 5, 2020 1 THIS WAS PREPARED EXCLUSIVELY FOR USER CIARAN TRELLIS. NOT FOR REDISTRIBUTION UNLESS OTHERWISE PERMITTED. Lloyds Banking Group PLC Major Rating Factors Issuer Credit Rating BBB+/Negative/A-2 Strengths: Weaknesses: • Market-leading franchise in U.K. retail banking, and • Geographically concentrated in the U.K., which is strong positions in U.K. corporate banking and now in recession owing to the impact of COVID-19. insurance. • Our risk-adjusted capital (RAC) ratio is lower than • Cost-efficient operating model that supports strong the average for U.K. peers, which partly reflects the pre-provision profitability, business stability, and deduction of Lloyds' material investment in its competitiveness. insurance business. • Supportive funding and liquidity profiles anchored by strong deposit franchise. WWW.STANDARDANDPOORS.COM/RATINGSDIRECT JUNE 5, 2020 2 THIS WAS PREPARED EXCLUSIVELY FOR USER CIARAN TRELLIS. NOT FOR REDISTRIBUTION UNLESS OTHERWISE PERMITTED. Lloyds Banking Group PLC Outlook The negative outlook on Lloyds Banking Group reflects potential earnings pressures arising from the economic and market impact of the COVID-19 pandemic. Downside scenario If we saw clear signs that the U.K. systemwide domestic loan loss rate was going to exceed 100 basis points in 2020, and not be offset by the prospect of a quick economic recovery, we would likely lower the anchor, our starting point for rating U.K.
    [Show full text]
  • New Joiner Form
    NEW JOINER FORM For colleagues who wish to join Your Tomorrow (the Scheme) If you’d like to join the Scheme, complete this form to tell the Trustee how much you’d like to contribute to your account, and how you’d like to invest the contributions. Before completing this form, read ‘A Guide to Your Tomorrow’ and/or the Investments section of the Group Pensions website. Once you’ve completed the sections relevant to you in BLOCK CAPITALS and black ink, please sign, date and return to: Lloyds Pension Administration Willis Towers Watson PO Box 545 Redhill, Surrey RH1 1YX If you’ve any questions or require this document in large print, Braille or audio format, please contact the Scheme administrator: 01737 227 522 [email protected] Section A - Your details Title (e.g. Mr, Mrs, Dr): Telephone number: Forename(s): Email address: Payroll ID or Surname: National Insurance No.*: * This is a mandatory field. If you were previously a member of a Lloyds Banking Group Defined Benefit (DB) pension scheme and have opted out of that scheme, please provide your last day of membership (the effective date of the option to leave the scheme). You’ll find this information in the confirmation letter that was issued to you by the Scheme administrator of your DB pension scheme after you completed an Opt Out Form. Please note: it will take at least one month before your membership of Your Tomorrow starts. There may also be a qualifying period for some benefits. DD MM YYYY Completing this form is very important • You can choose the amount of contributions you wish to make; otherwise core contributions will be 3% of your basic salary and the company contribution will be 9%.
    [Show full text]
  • Lloyds Bank PLC, Bank of Scotland Plc and the Mortgage Business Plc (Together “The Banks”) a Financial Penalty of £64,046,800 Pursuant to Section 206 of the Act
    FINAL NOTICE To: Lloyds Bank PLC, Bank of Scotland plc, and The Mortgage Business Plc Reference Numbers: 119278, 169628 and 304154 Addresses: 25 Gresham Street, London, EC2V 7HN The Mound, Edinburgh, Midlothian, EH1 1YZ Trinity Road, Halifax, West Yorkshire, HX1 2RG Date: 11 June 2020 1. ACTION 1.1. For the reasons given in this Final Notice, the Authority hereby imposes on Lloyds Bank PLC, Bank of Scotland plc and The Mortgage Business Plc (together “the Banks”) a financial penalty of £64,046,800 pursuant to section 206 of the Act. 1.2. The Banks agreed to resolve all issues of fact and liability and qualified for a 30% discount under the Authority’s executive settlement procedures. Were it not for this discount, the Authority would have imposed a financial penalty of £91,495,400 on the Banks. 1 2. SUMMARY OF REASONS 2.1. Between 7 April 2011 and 21 December 2015 (the “Relevant Period”), the Banks breached Principles 3 and 6 of the Authority’s Principles for Businesses in relation to their handling of mortgage customers in payment difficulties or arrears. 2.2. The Banks did not fully rectify failings in their mortgage arrears handling activities during the Relevant Period, despite some of those failings having been identified from as early as April 2011, and despite subsequent identification of issues (in respect of poor customer treatment and inadequate systems and controls) by the Banks’ external consultants and the Authority. As a result, some of the failings continued for over four and a half years. 2.3. The Banks put a large number of customers (including those who were likely to be vulnerable) at risk of being treated unfairly.
    [Show full text]
  • ESG Report 2020
    ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT Lloyds Banking Group 2020 Lloyds Banking Group Environmental, Social and Governance Report 2020 1 INSIDE THIS REPORT About this report 2 About Lloyds Banking Group 3 Being a responsible business 4 Our purpose 6 Our approach to responsible business 7 and ESG performance Our Helping Britain Prosper Plan 10 Our COVID-19 response 12 Strategic review 2021 14 Helping Britain Recover 15 Our environmental and social performance 19 – Helping the transition to a sustainable 19 low-carbon economy (including TCFD disclosures) – ESG in lending and investment 36 – Championing Britain’s diversity 39 – Assisting our customers 44 APPENDICES – Supporting businesses and SMEs 45 – Helping Britain get a home 48 Appendix 1: ESG data sheet 65 Appendix 2: Equator Principles – Building financial resilience 50 Transaction Table 72 – Supporting our communities 54 Appendix 3: Our Helping Britain Prosper Plan full performance – Supporting our colleagues 57 report 2018–2020 73 – Conducting our business responsibly 61 Appendix 4: Principles for Responsible Banking Progress Report 74 Appendix 5: Global Reporting Initiative content index 81 Appendix 6: Sustainability Accounting Standards Board (SASB) 93 Appendix 7: Deloitte Independent Assurance Report 99 Lloyds Banking Group Environmental, Social and Governance Report 2020 2 About this report Our reporting is evolving This is our first Environmental, Social and Governance (ESG) We have continued to review and enhance Report. We have noted a shift in stakeholders increasing our methodologies and framework for The below symbols indicate reporting our ESG performance. This which underlying areas of ESG their focus on ESG performance when assessing the overall review has taken into account a range of performance support our societal success of a company.
    [Show full text]