Corporate Responsibility
This report summarises the improvements we have made during 2010 and sets out what we plan to achieve during 2011. Corporate responsibility and sustainability (CR&S) is a key driver of shareholder value requiring integration into all that we do. As Chief Executive Officer, I ensure that the Board is kept informed of our progress and takes account of any material issues during its annual risk assessment.
Most notably during 2010 we launched the Excellence in Delivery (EiD) programme which will transform Cobham by streamlining our operations and enabling our people to delight our customers. As part of this programme we are integrating CR&S into every aspect of our business. I am very encouraged by the results to date.
We are proud of our company and the products and services that we provide – they keep people safe and improve communications. Our CR&S programmes are designed to improve our performance in a responsible, sustainable manner and look forward to sharing with you our progress in the next report. In the interim, I welcome your feedback.
Andy Stevens
Chief Executive Officer
At Cobham we recognize that acting responsibly and sustainably creates value. We are working to make this part of everything we do. We will achieve this through improving key stakeholder relationships, finding innovative uses of our technology for positive social and environmental impact, striving for the highest ethical standards, developing our people, pursuing zero harm and engaging in our communities.
Against a tougher economic backdrop in 2010 we made progress towards our goals in a number of key areas including:
Benchmarking ourselves using the Business in the Community Corporate Responsibility Index
Researching our key stakeholder groups
Commencing the Excellence in Delivery programme to deliver value for customers and making Cobham a better place to work for its employees
- Completing the appointment of ethics officers in all our business units and ethical awareness training for 99% of our employees
Continuing to invest in developing leadership and mission critical workforce talent programmes
Rolling out our standardised safety, health and environment management approach
Conducting a strategic review of the Group’s community involvement activities.
During 2011 we will build on this work with a focus on integrating CR&S into our standardised operating processes.
James Streater
Director, Corporate Responsibility and Sustainability