GRI Compliance / Economic

Indirect Economic Impacts 2016

For Management Response click here.

For Reporting Boundaries and Methodologies click here.

REFEstadoDisclosureOur Response

GRI 203-01

Full Disclosure

Infrastructure investments and services supported

  1. Extent of development of significant infrastructure investments and services supported.
  2. Current or expected impacts on communities and local economies, including positive and negative impacts where relevant.
  3. Whether these investments and services are commercial, in-kind, or pro bono engagements.

In 2019 Babcock opened a new office on Bristol Business Park replacing existing Bristol offices, Building 100 and Aztec West.

Phase 2 office development continues to progress well, in accordance with budget and programme. The Babcock fit out for Building 2 has been fully developed, priced, approved and instructed, with progress on site to programme and with no material issues. It is now planned to commence moving staff to the new facility from January 2023, with completion of the relocation programme by 31 March 2023.

The proposed RN3 multi-story car park at Camels Head Gate in Devonport is currently in phase 1 of a 2 phase implementation programme and the benefit will be a consolidated parking provision at Camels Head Gate for the 10 Dock project, along with a new Occupational Health facility and Dockyard Pass office.

GRI 203-02

Partial Disclosure

Significant indirect economic impacts

  1. Examples of significant identified indirect economic impacts of the organization, including positive and negative impacts.
  2. Significance of the indirect economic impacts in the context of external benchmarks and stakeholder priorities, such as national and international standards, protocols, and policy agendas.

Babcock has a diverse array of indirect economic impacts associated with our community engagement, such as volunteering, corporate sponsorships and university partnerships.

In the UK we are proud to be a major employer of service leavers, veterans and reserves. We currently employ 186 service leavers and 322 veterans in the business. We support the UK’s Armed Forces and reservists and continue to actively back our reservist employees. We have approximately 43 volunteer and 12 regular reserves and around 14 uniformed cadet instructors in the business.

We recruited 263 apprentices globally during FY22, bringing the total number of apprentices to 1,024 across the business. In the last year we improved our STEM recording. Commitments to STEM and the communities in which we operate translates into 160 newly trained STEM ambassadors, bringing our total to over 738 ambassadors across the business and 30,000 students engaged in our STEM activities

Babcock continues to actively support Indigenous students to increase their career opportunities, through sponsorship to Engineering Aid and Yalari in Australia, and encouraging curiosity about STEM subjects in younger children in New Zealand through employee volunteering at local schools. This year, Babcock Canada renewed our commitment to the Phase II stage of the Canadian Council for Aboriginal Business’ (CCAB) Progressive Aboriginal Relations (PAR) programme. Our contribution is aligned with external stakeholder priorities.

Further examples of how we engage with local communities can be found on our website.