We have a mature and proactive governance environment at Smiths. Exacting standards, robust processes and our commitment to transparency safeguard our market positions and reputation and mean that stakeholders can have confidence and trust in our company. The ESG double materiality assessment we undertook recently underlined the criticality of governance topics and validated the focus we place on them.
Delivering ESG performance
Governance and delivery of ESG are integrated and embedded into our business. Our collaborative organisation model harnesses the knowledge and skills of the whole Group to drive and deliver innovation, effective execution and best practice.
Behaving ethically and legally
Behaving ethically and with integrity is a fundamental part of our culture. We also operate in some highly regulated markets and sectors which require strict adherence to local and international industry regulations. Our Code of Business Ethics outlines the standards of behaviour to which we all commit. It is a practical guide to what ‘doing the right thing’ looks like when conducting business and relationships legally, ethically and with integrity.
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Effective long-term decision making and transparency
Good quality, ethical and effective decision-making enables us to build a sustainable business and create long-term value for all our stakeholders.
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Managing risk and maintaining strong and effective controls
Continual assessment and management of risks, and assurance through internal controls, is an integral part of day-to-day operations at Smiths. ESG matters are fully integrated into our Enterprise Risk Management (ERM) process and are identified and managed in the same way as other Group risks.
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Sustainability reporting and performance
We transparently report our performance and fully support emerging sustainability reporting obligations with which we are preparing to comply.
DownloadESG policies
Our mandatory ESG policies provide clear guidelines for behaviour and decision-making at Smiths.
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UN Sustainable Development Goals
Our business activities and the way we operate enables us to contribute in a meaningful way to seven of these critical global goals.
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