Promoting a culture of responsibility, transforming Smiths into a world-class organisation and delivering operational efficiencies to enhance margins form key elements of our six-point business strategy. Behaving ethically, working safely, reducing our environmental impact, attracting and developing our people and contributing to our communities creates long-term value for our shareholders and our wider stakeholders.
As a global technology company operating in highly regulated sectors and interacting with stakeholders across the globe, we insist on the highest standards of behaviour. Our Code of Business Ethics sets out 12 broad principles for how we do business, based on the common values of integrity, honesty, fairness and transparency.
It provides the framework for our management of a range of CR issues, including our five priority areas: ethics, the environment, health and safety, our people and the communities in which we operate.
Operating within the Code enables us to meet our obligations to our stakeholders and delivers real business benefits. For example, it protects our reputation and ability to grow, helps us to win business from customers who value strong CR performance, enhances our efficiency and enables our people to work productively in a safe and ethical environment.
Many of our products also benefit the environment and contribute to the safety, health and security of people around the world – Smiths Detection’s security scanners play a vital role in helping to prevent terror attacks, while John Crane’s seals help its customers to reduce their environmental impacts.
We manage our business with a robust set of systems and policies. Many of our businesses are certified to international standards for health and safety and environmental management systems.
Our environment, health and safety policy and our energy and greenhouse gas policy set out our commitments and principles in these areas. These systems and policies help us to continue to improve our performance well into the future.
Smiths continues to be awarded membership of the FTSE4Good Index which recognises companies that meet globally recognised corporate responsibility standards. While we are not complacent about the ongoing work required, we were pleased to receive this external recognition of our corporate responsibility initiatives and business ethics programme.
Read more about our CR approach, strategy and performance in our 2016 CR report.
Our approach is based on our Code of Business Ethics, which applies to all our business and people around the world.
We are committed to upholding high ethical standards wherever we operate around the world. This commitment includes maintaining all internationally-recognised human rights, such as the United Nations Guiding Principles on Business and Human Rights, and ensuring our operations and supply chains are free of human trafficking and slavery.
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