The Board is committed to the promotion of strong ethical, environmental and corporate social responsibility principles. This is a fundamental element of “The Marshalls Way.” We do the right things, for the right reasons, in the right way. By being transparent in our dealings, whether they be financial, social or environmental, we seek to inspire trust with all our stakeholders.
We recognise the need to have sustainable products and services and to consider the long term impact of every decision the Group makes. We are focused on playing our part in addressing the risk of climate change and the protection of the environment and we are engaging with our stakeholders to ensure they also put sustainability first. Our ESG agenda is supported by a detailed framework based on the United Nations Global Compact and comprehensive policies.
Our ESG agenda supports capital projects which improve operational efficiency and better utilisation of resources and raw materials. The investment of our new stone processing sawmills are a good example of this and our procurement process is focused on sourcing ethical and sustainable materials. We are committed to reducing the environmental impact of our products, reducing packaging and the recycling of water at our sites.
Marshalls’ governance framework supports the principles of integrity, strong ethical values and professionalism.
The Board recognises that we are accountable to shareholders for good corporate governance and seeks to demonstrate our commitment to high standards of governance that are recognised and understood by all.
Good governance depends on good and effective leadership and a healthy corporate culture, supported by robust systems and processes and a good understanding of risk and risk appetite. Our policies and processes have been applied and developed during the year in a way that remains consistent with our values and strategy, focusing on engagement, operational improvement, reward and incentive structures, ensuring progress can be measured and monitored appropriately and promoting a business that is resilient, responsible and alive to opportunity.