We acknowledge our responsibility to shareholders, employees, customers, suppliers, pension scheme members and the wider community to conduct our operations in a safe, responsible and sustainable manner.
We recognise that the responsible and sustainable development of our business is important for our long term success. We take a focused approach towards corporate responsibility to create value for Meggitt and our stakeholders.
Our approach helps us to manage our businesses more efficiently, which in turn helps us to mitigate risks, reduce costs and support the communities in which we operate. Principal areas of responsibility that we have identified which are of particular relevance to our business include our people, the environment, anti-corruption matters and supporting the communities in which we operate.
Our values and commitments in these areas are reviewed regularly to take into consideration the changing expectations of society. Our commitments in these areas are set out in our Corporate Responsibility Policy and are summarised below.
Commitment to create a more inclusive and diverse organisation
Gender pay gap data for the UK published in line with legislation
Board approval of a revised Health & Safety Policy
Continued promotion of our safety culture through behaviour based safety training across all of our sites
Absolute decrease in our GHG emissions
2% reduction in GHG emissions relative to revenue
New performance targets set for environmental metrics in addition to GHG emissions
Environmental auditing program expanded to include internal assess and assist teams to help us review compliance more frequently
Report on our commitments under the Modern Slavery Act
Commitment to reduce the number of commercial intermediaries in our supply chain to mitigate against potential risks of corruption and bribery
Continued support of initiatives focused on promoting science, technology, engineering and mathematics education
Continued support of the local communities where our sites are based
We are committed to:
Upholding sound corporate governance principles
Supporting the Ten Principles outlined in the United Nations Global Compact, relating to human rights, labour, the environment and anti-corruption
Upholding our employeesâ human rights
Encouraging dialogue with employees
Supporting our local communities
Minimising the environmental impact of products and processes and maintaining internationally accredited environmental management systems
Conducting business relationships in an ethical and responsible manner
Acting as a responsible supplier and encouraging our contractors and suppliers to do the same
Complying with the Modern Slavery Act 2015
Improving our financial, social and environmental performance
Complying with relevant national laws and regulations
Providing a supportive, rewarding and safe working environment
Delivering comprehensive training for employees
Developing communication and collaboration tools
Maintaining modern, safe and efficient operational practices
Contributing to the social and economic enrichment of local communities, focusing particularly on activities related to education
Having effective risk identification and mitigation across all areas of the business
Conducting independent audits in compliance areas
Adopting robust internal and external reporting and controls and ensuring financial probity
Supporting Business in the Community, the British business community outreach charity, where members work together to tackle a range of issues that are essential to building a fairer society and a more sustainable future.