“ Business sustainability is often described as resiliency over time. Our consistent focus remains on creating long-term value for shareholders through a strong and sustainable business.”
More now than ever, we understand that how we deal with our customers, our employees, our suppliers, the communities in which we operate and our impact on the environment is fundamental to achieving our plans and delivering performance. It is our belief that strong success can only be delivered through a sustainable business, which is why at Babcock we uphold the strictest standards of business ethics, deliver a competitive talent development programme and put safety at the forefront of everything we do.
Babcock is the UK’s leading engineering support services organisation with a growing, international footprint. We deliver in a range of markets and countries, operating and supporting complex infrastructure, equipment and training programmes. We are therefore required to consider a wide and complex range of stakeholders, interests and concerns. We look to do this by maintaining three overarching, underpinning and interlinking pillars of sustainability: profit and performance; people and potential; and environment and ethics.
We believe that we can sustain the long-term future of our business in ways that also serve the interests of individuals and local economies, for example: through apprenticeships, graduate schemes, training and general career development and succession opportunities across the Group. We work hard to protect the health and safety of our employees and others and to avoid or keep to a minimum any adverse effect of our operations on the surrounding environment. How we go about delivering our commitment to sustainability is discussed further in this report, and additionally in the sustainability section of each of our divisions’ operational reviews.
Our Group-wide Code of Business Conduct, supplemented by appropriate guidance and training, is not only the right approach to doing business in itself but is also intended to support long-term success by minimising financial risk and sustaining our reputation.
Our ability to attract, recruit, retain and develop the people we need now and in the future is also fundamental to that long-term success. Recruitment campaigns and initiatives in the apprentice and graduate programmes as well as talent development and management training schemes are intended to underpin the long-term success of the future of the Company. Last year we demonstrated Babcock’s commitment to diversity by hosting the Women In Science and Engineering (WISE) event in Rosyth, recognising the invaluable contribution made by women in engineering. Initiatives like these and our continued commitment to enhance our highly skilled and diverse workforce are intended to anchor us in a position to achieve and sustain our strategic aims.
Peter Rogers CBE