Sustainability Is at the Heart of Our Business
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Sustainable business The health and safety of our employees is of paramount importance, and we work hard to ensure all our people get home safe every day. I was therefore deeply saddened by the death of one of our colleagues in January, following an incident involving inspections on an armoured vehicle. This tragic incident serves to strengthen our focus on ensuring that we have a world class safety culture. Our delivery programmes are by their very nature long term, and we are committed to investing in our people throughout their careers in order to ensure we have the right people in place now and in the years to come. In support, we continue to invest in technical Archie Bethel CBE apprenticeships, graduate schemes, Chief Executive management training and talent development programmes. We are also committed to providing a fair, equal and inclusive environment for all of our people. We run employee Sustainability is at the Diversity & Inclusion networks across our operations, and we ask for employee feedback through sector questionnaires heart of our business and Group-wide focus groups to ensure we actively address questions and concerns. Sustainability is a key part of our Our STEM Ambassadors have been continuing their volunteer outreach planning, our operational delivery and activities in local schools and colleges, to our approach to through-life support. engage and inspire the next generation. Local initiatives are a key feature of the It’s about thinking and acting for the value that Babcock brings, not just to our long term – for all our stakeholders. customers and employees but to the wider community. We actively engage with communities in which we operate, The global sustainability agenda is Environmental responsibility to become a part of the environment and increasingly important to our customers, Incorporating sustainability into our to enhance social cohesion. our employees and our shareholders, and everyday operations is key to ensure Governance we take our responsibility to operate successful, long-term delivery outcomes, ethically and deliver in a sustainable and we have a responsibility to leave a Babcock has always been and will always manner seriously. positive impact on our environment. be committed to doing business honestly Sustainability is an integral part of our and openly. We hold our leaders to We recognise the impact of CO2 and account for ensuring their businesses business. We think and act for the long other greenhouse gases on our term, and we are a trusted partner to our operate according to the standards environment, and we are committing to we expect. customers. We also work closely with our reducing the impact associated with our suppliers to ensure the same standards own energy usage. Our Group-wide Code of Business apply throughout our supply chain. Conduct lays out our policy of strict We will continue to enhance the use of ethical conduct, highlighting the As we display in case studies throughout technology to reduce our current this report, our businesses actively assess fundamental importance of conducting footprint. We are also addressing water all business activities to the highest the impact that our operations have on and waste management activities, and our wider stakeholder base. standards of honesty and integrity. are working with our supply chains to A key contributor to our ability to deliver This year, we have enhanced our promote sustainable delivery. effectively is our corporate values, Group-wide approach by introducing a expressed in being babcock (see page Social responsibility new role – Group Head of Sustainability 43), which underpin our activities so that – and I am delighted to champion the We rely on the support and collaboration we operate in a safe, respectful and Sustainability agenda at Board level. of local communities, small businesses trusted environment. and our people where we live and work. 36 Babcock International Group PLC Annual Report and Accounts 2020 Strategic report Non-financial information statement Reporting on material yet non-financial measures is important in understanding the performance, opportunities and long-term sustainability of generating value for all our stakeholders. We address the disclosure of non-financial information in the following pages and throughout the Strategic report. The content of the non-financial information disclosure has been expanded from previous years as we are providing greater transparency into our policies, standards and governance approach to operational activities. We are committed to increasing this transparency over the upcoming years and have structured the sustainable business report to provide insights based on global standardised reporting standards in three key areas: Environment, Social and Governance. Governance Reporting requirement Policies and standards Additional information Page Environmental matters Health, Safety and Environment Policy* Clean inputs 40 Energy Policy* Responsible consumption 41 Procurement Environmental Policy* Health, safety and environmental risk 87 Employees Code of Conduct** People and potential 44 Health, Safety and Environment Policy* Gender diversity and pay gap 46 HR Matters Policy* Corporate integrity 49 being babcock (see page 43) Women in Babcock 52 Joint Ways of Working Charter People risk 88 s172(1) statement 30 Remuneration 121 Financial statements Note 25 - Share based payments 199 Human rights Code of Conduct** Corporate Integrity 49 Supplier Code of Conduct** Diverse and robust supply chains 50 Modern Slavery Statement** Social matters Anti-Bribery and Corruption/ People and potential 44 Ethical Policy** Corporate integrity 49 Code of Conduct** Community engagement 7, 47 Diversity and Inclusion Charter* s172(1) statement 30 Canada Indigenous Peoples Policy* Anti-bribery and Anti-Bribery and Corruption/ Diverse and robust supply chains 50 corruption Ethical Policy** Corporate integrity 49 Whistleblowing structure Principal risks and management controls 80 Supplier Code of Conduct** Governance statement 96 Description of principal Principal risks and management controls 80 risks and impact on business activity Business model Our business model 14 Non-financial KPIs Delivering on our strategy 21 * Available to employees through the Babcock intranet but not published externally. ** Available on the Babcock website and available to employees through the Babcock intranet. Babcock International Group PLC Annual Report and Accounts 2020 37 Sustainable business continued ESG strategy We are committed to delivering in a sustainable way for all our stakeholders. Saving lives and enabling our customers to increase the performance, efficiency and lifespan of their critical assets and services are inherently sustainable activities. We augment our operational delivery by minimising the impact of our operations on the environment, focusing on the safety of our people and ensuring a positive impact in communities in which we operate. This year we have introduced a new we can demonstrate the ways in which crucial to our future. We aim to Group-wide ESG strategy. Although a our actions actively contribute toward communicate these metrics in significant number of activities take place these global objectives. association with global standards and within contract teams and business units, industry specific disclosures. We are also seeking to enhance this Group-wide strategy enables us to transparency, including providing insight This strategy is championed by the Group leverage the experience and scale of into our governance, processes and Chief Executive and signed off by the the organisation, to more effectively metrics. These metrics are being Board. Operational metrics and key areas contribute to the communities in which established across each of our key of focus are reviewed at Executive we operate and the environment in Sustainability principles, and will enable Committee meetings. which we live. us to clearly articulate the impact our We are aligning our activities to the UN activities and operations have on the Sustainable Development Goals so that environment and the people who are so Our sustainability charter The safety and We use innovative wellbeing of our solutions to reduce people is our priority. our energy needs, We encourage a while focusing on diverse and inclusive E cleaner energy and n employee base nd v other natural a Cl where each person l le l ea ir resources. a op tia in n o i e n p feels respected and c P te u n o t s m o p able to fill their S e potential. n We integrate t t c environmental y o R n t e i n sustainability into our e s n s p m u u programme design, o m e n m We play an active g p optimise use of s a m i t b g part in our local i o o resources and l n e C n communities to e minimise waste enhance through increased development and re-use and recycling. inspire the next ro D l b iv ia u e rc generation. st rse e s a m ity up nd Com r pl teg We believe that y ch in ains ethical behaviour underpins our We partner with our sustainability activities. supply chains to G e We establish robust identify innovative overnanc processes and controls solution and ensure to identify timely delivery of opportunities and quality products and manage corporate services. risks. 38 Babcock International Group PLC Annual Report and Accounts 2020 Strategic report Sustainability Alignment Focus areas at Babcock to UN SDGs Environmental Clean inputs Clean electricity, alternative energy Responsible C02e outputs, water consumption consumption, waste disposal