Page 104 - Sigmaroc Annual-Report 2023

SIGMAROC ANNUAL REPORT 2023 STRATEGIC REPORT
Our ESG Journey
Social
Pillar
Key Focus Area
Link to UN SDG
Targets
How did we do
Focus for 2024
Social
Ensure people leave work in the same or better condition than when they arrived.
Goal 3: Good health & wellbeing
Goal 8: Decent work & economic growth
Total injury frequency rate and harm injury frequency rate reduction year on year.
Increase workforce engagement and retention.
Increase board diversity.
Improved safety performance with a notable 31% and 25% reduction in SHIFR and LTIFR respectively. This data is not just limited to employees,
but included all those that work on our sites including contractors.
172 site safety audits conducted by Group Health & Safety Director.
Initiation and roll out of PEPtalk across UK business.
Completion of initial Front Line Supervision initiative
to ensure Supervisors
spend optimal time managing safety, quality and productivity.
Supervisor training to at least IOSH Managing Safely level.
Increase Group audit team across the platform.
Continual roll out of supervisor alignment programme for Health & Safety.
Continued focus on 3 core Health & Safety areas: Structure & Compliance; Proactive Prevention; and Learn & Improve.
Continue to work with government agencies, education establishments and communities to offer long term employment opportunities.
Support the physical and mental health of our employees and their families.
Goal 3: Good health & wellbeing
Attract, train, retain and engage our workforce.
Goal 4: Quality education
Goal 8: Decent work & economic growth
Be a good neighbour; source local, buy local, sell local, invest local.
Goal 11: Sustainable cities & communities
Governance
Pillar
Key Focus Area
Link to UN SDG
Targets
How did we do
Focus for 2024
Governance
Promote QCA and Corporate Governance Codes.
Goal 16: Peace, justice & strong institutions
Continue to implement, and transparently disclose, compliance and matters relating to ESG.
Maintain ongoing compliance in a dynamic environment across multiple jurisdictions.
Appointment of Tom Jenkins as Head of Investor Relations.
Formalisation of Formity across the Group to ensure governance training and compliance.
Engagement of CEN-ESG to conduct gap analysis and peer review report that identified opportunities to improve our policies and governance.
Completion of first TCFD report.
100% compliance target on Formity training and acknowledgement for Group polices across the Group.
Creation of dedicated ESG Board Committee.
Quarterly ESG reporting to Board and ESG Committee.
Continued interaction with institutional investors’ ESG & Stewardship analysts to ensure compliance with reporting requirements.
Ensure proactive Board oversight and independence of committees.
Goal 16: Peace, justice & strong institutions
Focus on Risk Management and mitigation, including cyber.
Goal 16: Peace, justice & strong institutions
Ensure transparency on reporting and Tax.
Goal 16: Peace, justice & strong institutions