Issued by BAE Systems
We are progressing our net zero ambition and are developing milestones in line with the UN Race to Zero via the Business Ambition for 1.5°C pathway.
We are a business that operates responsibly and sustainably, addressing our material Environmental, Social and Governance (ESG) risks and opportunities via our sustainability agenda.
Our sustainability agenda supports our Purpose and aligns stakeholder priorities with the Group’s ESG risks and opportunities. Our objectives go hand in hand with our focus on improved performance and we continue to increase our ambitions and accelerate our progress in this area.
We are working towards a consistent, aligned framework and strategy from the Board through to the shop floor. A well-understood and clear programme is critical as we progress towards our targets and look to retain and recruit the very best talent to drive strong operational performance and value for our customers and shareholders.
While ever-evolving, ESG themes are not new to us, as we have been addressing them for many years with a robust operational framework and review process in place.
We all recognise the ESG agenda is broad, with many criteria and changing priorities. Through engagement with our stakeholders, we focus on the ESG areas which are most material to our sector, our communities and our business. We then apply a collective focus in addressing and managing the associated risks with our customers and supply chain.
From a materiality perspective, during 2021 we engaged with internal and external stakeholders regarding material sustainable issues for the Group. This materiality process confirmed that the Group is addressing and managing, via its sustainability agenda, the material ESG issues.
From a governance and reporting perspective, we have once again reported against the Sustainability Accounting Standards Board (SASB): 2021 Disclosures.
Our 2021 highlights include:
For more information on the 2021 Annual Report click here.
For more information on Sustainability click here.
At BAE Systems we serve, supply and protect those who serve and protect us, in a corporate culture that is performance driven and values led. We employ a skilled workforce of 90,500 people in more than 40 countries. We help our customers to stay a step ahead when protecting people and national security, critical infrastructure and vital information. We also work closely with local partners to support economic development through the transfer of knowledge, skills and technology.
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