Corporate Social Responsibility
We believe that being a responsible business through the effective management of social, ethical, health and safety and environmental matters is key to our success. It benefits our operational effectiveness, builds on the trust of our stakeholders and protects our reputation.
Sustainability is an integral part of our business model and strategy. Achieving a positive impact around the world lies at the heart of our commitment to CSR and it represents a valuable opportunity to ensure that Rotork continues to be successful in the long term. We are committed to embedding CSR values across all our processes and ways of working.
Rotork has been a member of the UN Global Compact since 2003 and continues to be included in the FTSE4Good index where we maintain an above average score in the global rankings, UK rankings and industry sector rankings.
We believe that the approach that we take to CSR helps to meet the expectations of our stakeholders and contributes to the success of our corporate strategy by promoting an effective and sustainable business.
Our Executive Chairman chairs the CSR Committee and reports on progress to the Board. The CSR Committee is a management committee which has four sub-committees with each representing one of the areas of CSR described opposite.
Presentations or reports are given by the chairs of the four sub-committees to the Board on activity and progress in their areas of CSR during the year.
Ethics and Values
Ethics and values are fundamental to the way in which we do business. Respecting internationally proclaimed human rights, promoting an open and honest culture, having a zero tolerance to bribery and corruption worldwide, and selecting suppliers with sound reputations in the marketplace are important principles for the Group to adhere to. More details of the Group’s ethics and values can be found on pages 42 to 43 of our Annual Report or download our ethics and values statement here.
We consider it important to contribute to and engage positively in the communities in which we operate, and to be a good community neighbour around the world. One of our corporate values is to produce a positive and beneficial impact in the areas in which we operate. Further details on community involvement can be found on pages 44 to 45 of our Annual Report.
Helping the environment
Rotork is fully committed to reducing its impact on the environment by preventing pollution in all countries in which it operates, and to make sure it is compliant with any legal and regulatory requirements. Our compliance contributes to sustaining the environment and brings cost savings by reducing the consumption of energy, water and waste and recycling. The environmental programme is described in more detail on pages 46 to 49 of our Annual Report.
Health and Safety
The health and safety of all employees and contractors is of paramount importance in providing a safe working environment. Our fundamental principle, ‘if you cannot do a job safely, we will not do the job’, is actively promoted to everyone. This ensures that our people remain safe, and we enhance the effectiveness of our workforce by reducing the risk of injury and costs associated with injury or illness. The Group’s approach to health and safety can be found on pages 50 to 51 of our Annual Report.