GROUP SUSTAINABILITY STATEMENT
Murray & Roberts has a proud history of more than a century as an engineering and contracting group and is today recognized as a multinational organization. Our purpose is to enable clients’ fixed capital investments that support the advancement of sustainable human development.
Our approach to sustainable value creation is embedded in our Values-led culture of Engineered Excellence. We design and deliver projects that are financially viable and that create value for the Group and all its stakeholders, whilst safeguarding environmental sustainability through increased awareness and responsible use of natural resources.
We maintain a high standard of corporate governance, integrity, and ethics, which are non-negotiable features in the pursuit of our value creation strategy.
We value the contribution from our stakeholders, which we believe is fundamental to the long-term success of our business. Our transparent reporting ensures that our stakeholders are kept informed of our business strategy and performance, as well as the progress we have made on our commitments.
These principles focus our approach to ensuring the sustainability of Murray & Roberts.
ESG BENCHMARKING EXERCISE
CEN-ESG, based in the United Kingdom, assessed the Group’s ESG performance and disclosure, providing a baseline for further improvement. Our governance disclosure was the strongest of the three categories, scoring well for remuneration disclosure, including our detailed compensation policy and linking ESG objectives to executive pay. Against our peers and clients, we scored higher for energy in the environmental category, and we achieved a robust score for the social category, relative to sector, peers and clients.
From this baseline, the Group will continue to align our practices, performance measures and reporting to relevant international accountability frameworks, to benefit both our commercial and ESG aspirations. With some improvements to the measurement and disclosure of our practices, we will exceed the global average in ESG performance for our sector. This will be a multi-year journey with some quick wins already identified.
Targeted areas for reporting improvement include supply chain, environmental and climate change, diversity and inclusion, communities and labour.
GROUP ESG PERFORMANCE
Initial group score above average industrials sector
OUR SUSTAINABILITY MANAGEMENT FRAMEWORK
Sustainability thinking is integrated in the way we deliver our projects and conduct our business, and we operate under high expectations and stringent ESG guidelines
Sustainability is central to our commitment to protect and deepen our reputation as a profitable, well-governed, ethical and responsible multinational organisation. Harmonising ESG imperatives with commercial opportunities is seen as an ethical obligation for the Group. It is also a requirement on which clients and funders insist, and is becoming an important source of competitive differentiation for our business platforms.
ESG is integrated into our decision-making processes as we strive to understand, measure and manage the full impact of each decision we make. The Group’s Sustainability Framework governs and focuses our approach to managing the pertinent risks and opportunities, impacts and outcomes related to ESG imperatives. Continual improvement of the Group’s standards, systems, practices and reporting in response to shifts in our operating context, and the needs and expectations of our stakeholders, embeds sustainable practices across our business platforms. Shared learning within and across our businesses supports consistency.
The framework provides the overarching approach to managing ESG across jurisdictions in which we operate, and commits us to:
- Creating sustainable value for shareholders, clients, employees, partners and suppliers, and the communities in which we operate.
- Understanding and mitigating our operational risks and taking advantage of opportunities for differentiation.
- Engaging with our stakeholders and taking their views and concerns into consideration when making strategic and operational decisions.
- Trust is created by organisational behaviours valued by stakeholders and is based on confidence in both character and competence.
- Applying global best practice in corporate governance.
PURPOSE-LED VALUE CREATION
Our business activities create socioeconomic value for communities and countries through job creation and access to infrastructure that supports human development, wealth creation and better living standards. Wherever we operate, we aim to partner with local companies to improve project delivery, gain access to local knowledge, and secure our reputation as a credible multinational. We look for the right local business partners who share our Values and complement our expertise.
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