Corporate Responsibility
The SIG Board believes that the progressive integration of Corporate Responsibility ("CR") across the Group and the inclusion of broader social and environmental issues into its decision making will help us to achieve our business goals and act as an essential building block for growth in Shareholder value.
SIG continues to be a constituent member of the FTSE4Good Index of socially responsible companies, and recognises its corporate responsibilities to its Shareholders, employees, customers and suppliers and is committed to good practice in all its activities. The Company continues to develop its approach to CR and is pleased to be able to inform its stakeholders of the measures which it is taking to continue to improve its CR performance reporting.
Through the CR Committee set up in 2009, the SIG Board takes regular account of the significance of social, environmental and ethical matters to the business of the Group and it has in place a comprehensive risk management and internal control process which identifies and assesses the significant risks to the Company's short and long term value arising from such matters. The Board recieves a report on CR issues at each of its Board meetings and reviews CR strategy. CR issues also form part of the overall internal control process and are covered in the training of Directors.
As a founder member of the Association for the Conservation of Energy, SIG is active in promoting and encouraging the raising of mandatory standards of thermal insulation.
SIG has in place a Group-wide Ethics Policy, which sets out a number of fundamental principles that all Group companies are required to follow. In addition we have in place a Group-wide Anti-corruption Policy and Ethical Trading and Human Rights Policy. These policies underpin our CR programme and support our business integrity.
The three year rolling CR plan, maintained by the CR Committee, continues to inform the objectives and target actions of the Group and drives continual improvement of its CR performance. The objectives provide valuable key performance indicators for the Group to focus its CR efforts and work to continually improve the Group's index ratings.
The Group's CR credentials proved key to its commercial aspirations in 2010 providing access to tender lists for major contractors through formal assessment and Pre-qualification Questionnaires.
SIG has retained externally verified certification under ISO 14001:2004 (Environment) and OHSAS 18001:2007 (Health and Safety). This certification covers all of the Group’s UK sites with Moody International and BSI being the appointed Assessors.