UN SDGs
In conjunction with the development of our materiality assessment, we have reconfirmed our commitment to prioritising the pursuit of our four overarching sustainability principles, and illustrated their alignment with those UN Sustainable Development Goals (SDGs) and their underlying targets that fit our business model, the businesses that we currently own, the sectors in which they operate, and their key stakeholders.
We have identified the specific UN SDGs and underlying targets where the Group makes the biggest direct contribution. We will continue to further align those targets with our businesses’ activities and our new sustainability reporting framework.
The integration of UN SDGs and their targets into our business model links our sustainability objectives with those of society and aligns our value creation strategy with our stakeholders.Below, we have summarised our relevant UN SDGs, their respective targets, and examples of how we and our businesses are contributing to them:
Our ESG activities are aligned to the following UN SDGs
Good Health & Wellbeing
Gender Equality
Affordable and Clean Energy
Decent Work and Economic Growth
Industry, Innovation and Infrastructure
Climate Action
Our Sustainability goal
Health and Safety
Our Key Sustainability actions
- Drive our businesses to ensure the highest standards of health, safety and wellbeing for their people, as well as the protection of human rights, and encourage positive contributions to the communities in which they operate.
Our Sustainability goal
Our People
Our Key Sustainability actions
- Promote inclusion and diversity at all levels.
Our Sustainability goal
Environmental Leadership
Our Key Sustainability actions
- Drive divisional management teams to improve their operational, resource and energy efficiency to minimise the impact of their businesses’ operations on the environment, including Greenhouse gas emissions, waste disposal, and water usage.
- Align with recognised frameworks such as SASB, the TCFD and CDP to increase transparency of actions as a core driver for change.
Our Sustainability goal
Our People
Our Key Sustainability actions
- Drive our businesses to ensure the highest standards of health, safety and wellbeing for their people, as well as the protection of human rights, and encourage positive contributions to the communities in which they operate.
- Implement effective policies and procedures, supported by local management accountability and a culture of strong awareness, training and investment in employees, to drive health and safety best practice.Â
- Ensure the pension schemes that we inherit are managed prudently and effectively for both employees and retirees, and where relevant seek to create better funded schemes with more prudent targets under our stewardship.Â
- Promote inclusion and diversity at all levels.
- Promote fair employment and skills development.
- Ensure that our people have a voice and can inform executive decisions.
- Direct, oversee and challenge divisional management teams in implementing and enforcing effective compliance policies and business practices.
- Ensure each division conducts business with integrity and in a responsible, ethical and sustainable manner.
- Ensure the highest standards of product safety, and encourage our businesses to protect the ultimate wellbeing of their end-users by adhering to market standards and best practice.
- Respect labour and human rights and support our businesses’ suppliers to respect these principles throughout their supply chains.Â
- Protect information security and data privacy.
- Carry out prudent and responsible financial and tax planning and management and pay tax responsibly when due.Â
- Maintain sensible and sustainable leverage to support investment.
Our Sustainability goal
Divisional Overview
Our Key Sustainability actions
- Invest in research and development (“R&D”) to support and harness product innovation and quality within our businesses, to help their customers deliver on their commercial and environmental goals and to help find effective solutions to assist them in combatting climate change.
- Drive divisional management teams to improve their operational, resource and energy efficiency to minimise the impact of their businesses’ operations on the environment, including Greenhouse gas emissions, waste disposal, and water usage.Â
- Align with recognised frameworks such as SASB, the TCFD and CDP to increase transparency of actions as a core driver for change.
Our Sustainability goal
Environmental Leadership
Our Key Sustainability actions
- Drive divisional management teams to improve their operational, resource and energy efficiency to minimise the impact of their businesses’ operations on the environment, including Greenhouse gas emissions, waste disposal, and water usage.
- Invest in research and development (“R&D”) to support and harness product innovation and quality within our businesses, to help their customers deliver on their commercial and environmental goals and to help find effective solutions to assist them in combatting climate change.
Consulting our stakeholders
Every few years Melrose conducts a materiality analysis to learn what topics are of most interest and concern to our stakeholders. The topics inform the priorities we set for our focus areas.
View our materiality assessment