Headquartered in the UK, Meggitt PLC is a global engineering group specialising in smart engineering for extreme environments – components and sub-systems providing critical functionality in challenging market applications within civil aerospace, military and energy markets. Our products are on more than 71,000 aircraft, hundreds of turbines and oil and gas platforms, as well as thousands of land vehicles worldwide. We employ around 11,000 people across over 45 manufacturing facilities in Europe, North America and Asia. Organisationally, our business is divided into four divisions, which are described in more detail elsewhere on our website.
Our supply chains are diverse, both geographically, and in the nature of the suppliers we work with, in Europe, the US and Asia. We have a direct supply chain that exists to support the production of our engineered products, supplying services and parts such as machining, electronic and hydraulic components, seals and gaskets and carbon components. We also have an indirect supply chain for the things that do not go directly into our products, servicing the operational needs of our manufacturing facilities and offices.
Our Code of Conduct states that Meggitt PLC and all subsidiary companies will conduct business fairly, impartially, and in full compliance with all applicable laws and regulations. We are firmly committed to integrity, honesty and respect for others in all our business relationships, including those with customers, suppliers, communities where we conduct business, and amongst employees. This means that all our businesses, wherever they are located in the world and wherever they have dealings in the world, are required to respect people and to value their diversity.
Our Corporate Responsibility Policy states that Meggitt PLC recognises the important responsibility it has to balance the interests of its shareholders, employees, customers, suppliers, and the wider community and recognises that the responsible and sustainable development of our business is very important for its long term success. The policy commits us to ensuring that (i) Meggitt and our employees do not engage in practices such as slavery, human trafficking, forced labour and child labour and do not violate applicable laws and regulations relating to slavery, human trafficking, forced labour and child labour; and (ii) that we take all reasonable measures to ensure that our suppliers and other entities acting on our behalf do not engage in practices or violate applicable laws and regulations relating to slavery, human trafficking, forced labour and child labour.
Our business is principally involved in the delivery of highly technical and complex engineered products to predominantly long-established, primarily global companies or governmental customers, and we believe our exposure to the risks of modern slavery is low within our industry. However, this assessment will be kept under review and if circumstances change, we will review our approach accordingly.
The above statement sets out the steps taken by Meggitt PLC and its subsidiary companies Meggitt (UK) Limited and Meggitt Aerospace Limited under the Modern Slavery Act 2015. It was approved by the Board of Meggitt PLC, Meggitt UK Limited and Meggitt Aerospace Limited on 21 February 2019 for the financial year ended 31 December 2018 and signed by Tony Wood, Chief Executive.