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Home/About Us/Corporate Responsibility

Corporate Responsibility

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.

People

  • 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

Environment

  • 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

Ethics

  • 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

Social

  • 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 employees’ 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

Corporate Responsibility Policy in full

For our stakeholders this means:

  • 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.

Link to Meggitt’s Corporate Responsibility Committee, terms of reference.

For more details, please see our latest annual report