Corporate Responsibility
Overview
The issues of sustainability, climate change and corporate responsibility
affect us all and, as a global group, we are committed to ensuring that we
make a positive contribution through our engagement with society and
to minimising any negative environmental or social impacts from our
operations. Acting with respect for the various communities in which
we operate is central to the way in which we do business, and we believe
that acting in a responsible manner is key to delivering sustainable value
for our shareholders.
Core principles
Improve awareness and disclosure of Corporate Responsibility
(CR) activity both internally and externally.
Ensure continued transparency and accountability in reporting the Group’s performance.
Objectives
Use the UBM Wiki to share knowledge, drive good business
practice and increase employee awareness of our CR activities.
Measure, monitor and report on progress towards our CR goals.
Reorient our charitable giving to make a direct contribution, in cash and in kind, to those areas where we can actually deliver value to charitable groups through the exercise of our core capabilities.
We believe that to be truly effective corporate responsibility should be embedded in the business culture at all levels. In order to reflect the diverse CR priorities of our businesses – which have been reshaped into smaller, more specialised business units during the past two years – we reconstituted our steering group during 2009, drawing together employees from across all businesses, to establish the core principles which guide our CR activities. Each division is responsible for the development and implementation of CR initiatives in line with our core principles, their own business needs and in relation to the specific communities within which they operate, subject to the underlying principle that their approach to corporate responsibility should focus on support for the business strategy and the mitigation of risk.
Knowledge and experience is shared through the steering group, and our core principles, CR objectives, activity and successes are reported on the UBM Wiki ensuring visibility right across UBM.
Remuneration policy for senior management is aligned with stakeholders’ interests and is described in the Directors’ Remuneration Report on pages 40 to 47. Bonus targets for senior management include measures aimed at developing and progressing corporate responsibility activity.
