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Please see Our Climate Action for more information.
Total electrical power use / consumption In renewable energy certificates) was 56,961,323 kWh (205 trillion joules).
Employee training on ethical standards All of our employees (both full- and part-time, directors and contract employees) are required to complete compulsory annual ethics training.
Please see our Code of Business Conduct and Transparency, Awareness and Oversight sections for more information.
■ Freedom of association ■ Collective bargaining ■ Working hours, minimum living wages, acceptable living conditions and maximum working hours ■ Child labour, forced labour, human trafficking and slavery ■ Environmental standards.
We are committed to providing transparency on our climate change risk management, governance and performance.
The Task Force on Climate-related Financial Disclosures (TCFD) has developed voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to stakeholders.
For more information on our climate strategy, please see our www.CDP.net.
Our materiality is determined and monitored by our Enterprise Risk Management (ERM) framework and reported to our governance functions at both Board level and Executive Leadership Team (ELT).
Our business strategy is informed by our enterprise risk management findings.
Our risk management framework is comprised of six stages: 1) Identification, 2) Assessment, 3) Analysis, 4) Mitigation, 5) Monitoring and 6) Evaluation.
In understanding the substantive impact of each risk, the assessment is completed using a global scoring matrix for probability, commercial impact, schedule impact, reputational impact, and manageability.
Risk analysis based on the assessments establishes the most substantive and provides a basis for prioritizing efforts and allocating resources for managing risks.
The specific analysis undertaken of each risk is a strategic internal matter not for widespread publication.
Threats: International agreements and national, regional and state legislation and regulatory measures or other restrictions on emissions of greenhouse gases could affect our clients.
Such legislation or restrictions could increase the costs of projects for us and our clients or, in some cases, prevent a project from going forward, thereby potentially reducing the need for our services that could in turn have a material adverse effect on our operations and financial condition.
We cannot predict when or whether any of these various legislative and regulatory proposals may become law or what their effect will be on us and our customers.
Mitigation: We maintain a watching brief across all our sovereign areas of our operations using a number of electronic trackers, search alerts and professional institutional briefings to anticipate and respond to emerging regulation and policy changes related to sustainability, compliance and climate related matters.
Active and passive measures are in place to support legal changes.
Climate activities by competitors are gathered and analyzed.
Relevant developments are highlighted and escalated to the Sustainability Manager within Corporate as a common single source of truth.
Alternatively, these regulatory measures could also increase market and existing customer demand for our sustainable solutions, such as energy efficiencies, energy transition, decarbonization and climate and sustainability advisory services.
Threats: Continued attention to issues concerning climate change or other environmental matters may result in the imposition of additional environmental regulations that seek to restrict, or otherwise impose limitations or costs upon, the emission of greenhouse gases.
International agreements and national, regional and state legislation and regulatory measures or other restrictions on emissions of greenhouse gases could affect our clients.
Additionally, emerging regulations and legislative changes may affect us directly and impose significant operational costs.
investors or shareholders for our potential failure to mitigate climate change and or provide insufficient or inaccurate details on our climate related disclosures.
Mitigation: Development of robust data collection systems and controls to ensure accurate and auditable climate related disclosures across the value chain.
Opportunities: We are supporting and guiding our customers’ decarbonization, emission reduction and energy transition objectives with capital from these markets.
Reputation Threats: Investor and societal expectations with respect to environmental, social and governance matters have been rapidly evolving and increasing.
We risk damage to our reputation if we do not act responsibly in key areas including environmental stewardship.
A failure to adequately meet stakeholders’ expectations may results in loss of business, diluted market valuation, an inability to attract and retain customers and talented personnel, increased negative investors sentiment toward us and/or our customers, and the diversion of investment to other industries, which could ...
Threats: Climate change related events, such as increased frequency and severity of storms, floods, wildfires, droughts, hurricanes, freezing conditions and other natural disasters, may have an immediate impact on our business, financial condition and operations.
We are proactively seeking measures to mitigate our business risks associated with climate change, as we recognize that there are innate climate related risks regardless of where and how we conduct our businesses.
As such, a potential disruption to our and our customer's businesses from a natural disaster may cause us to experience work stoppages, project delays, financial losses and additional costs to resume operations such as increased insurance costs or loss of coverage, legal liability and reputational damage.
Mitigation: We currently measure climate and weather-related impacts on our operations by sector and by country.
These are rolled up into an overall Health, Safety, Security and Environment (HSSE) dashboard with trend analysis being performed by at least two areas of our business.
This provides increased visibility for forecasting potential issues by geography and industry type.
■ Increasing Sustainable Travel: ■ Commit to reducing business travel by 1.
Updating our Travel Policy to reduce extraneous air travel 2.
short-haul flights ■ Encouraging sustainable employee commuting by: 1.
Providing more public transport incentives such as discounts and benefits for rail, bus and carpooling 2.
Installing more electrical vehicle charging stations to our offices globally 3.
Educating employees on the importance of green driving ■ Increasing the use of renewable energy by year 2025 by: 1.
Becoming an equity investor in renewable energy projects 2.
Entering into long-term power purchase agreements and renewable energy certifications ■ Increasing KBR’s green vehicle fleet by 1.
Increasing the ownership / use of electric / hybrid or hydrogenpowered vehicles by ensuring any new vehicle purchases are green 2.
Threats: Chronic risks related to longer-term shifts in climate patterns may have a long-term impact on our business, financial condition and operations.
As such, a potential disruption to our and our customer's businesses from these changing climate patterns may cause us to experience work stoppages, project delays, financial losses and additional costs to resume operations such as increased insurance costs or loss of coverage, legal liability and reputational damage.
Mitigation: Chronic physical risks are identified at a project level and by accessing historical data on our HSSE dashboard.
Opportunities: This is often client driven and we now offer our clients the ability to embed adaptation and resilience into the front end of project design and delivery.
VRF Value Reporting Foundation The statements in this report that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws.
These statements are subject to numerous risks and uncertainties, many of which are beyond the company’s control that could cause actual results to differ materially from the results expressed or implied by the statements.
These risks and uncertainties include, but are not limited to: the significant adverse impacts on economic and market conditions of the COVID-pandemic and the company’s ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company’s ability to ma...
The company’s most recently filed Annual Report on Form Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that the company has identified that may affect its business, results of operations and financial condition.
Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
We are Allied Universal – the world’s leading security and facility services company.
Operating in workforce of approximately 800,000* keep people safe every day, so that communities can thrive.
We lead the industry by providing proactive and innovative business solutions through cutting-edge technology so that our customers can focus on their core business.
We are committed to delivering the highest quality services, contributing to building safe and sustainable communities, generating social value through our services, and being a trusted business partner.
and we are delighted with the performance and progress of the combined group.
In North America, we operate our business chiefly under the Allied Universal brand.
Our international business operates chiefly under the G4S brand.
Together, we are one Allied Universal global group.
In today’s world, we believe there is no greater purpose than keeping our customers, employees, and the communities we serve safe.
• Making positive social and economic contributions in our communities.
Building a company that creates significant and sustainable value for our key stakeholders.
Our CARING culture puts people and SAFETY first.
We deliver through TEAMWORK and always act with INTEGRITY.
The success of our business is driven by our people.
The success of our people is driven by our culture.
Our values are the backbone of our organization.
Therefore, we prioritized the review and development of a new set of company values for the Allied Universal global group.
We are proud to share our combined company values.
These new values and company guiding statements will be launched in July comprehensive communications and awareness program.
Our guiding statements and values emphasize our global commitment and reflect our reasons for being.
• Allied Universal is the world’s leading provider of mission-critical security services.
• Recruit, train and supervise employees in six continents.
• Provide a range of security technology services, including systems integration, remote monitoring and access control.
SUSTAINABILITY As CEO of one of the world’s largest private employers providing security and facilities services across the globe, I understand the obligations we have to our employees, customers and the wider communities in which we live and serve.
In Allied Universal’s first environmental, social and governance (ESG) report, we commit to working ethically and sustainably and describe some of the ways in which our colleagues around the world are delivering on this promise.
Our commitment to operating ethically and responsibly – Critical to business strategy That promise is critical to the ongoing success of Allied Universal.
It underpins what, where and how we do things – and for whom.
of choice, providing rewarding employment and career development opportunities by investing in industry-leading employment practices.
Our values and our approach to embedding ESG strategies into our business model are key differentiators for Allied Universal, especially in developing markets.
They help us attract and retain employees, win and keep customers and to attract appropriate investment in our organization – all of which are key to supporting our sustainable business performance.
A complex integration – Learning from each other The acquisition of Gwas an important milestone for Allied Universal.
The integration of two leading companies provides challenges and enormous opportunities, and I have enjoyed working with Ashley Almanza, Executive Chairman of Allied Universal International, and our leadership teams throughout the integration process, as we establish Allied Universal as the global leader in our industr...
sharing our experiences and adopting the best from both organizations.
The integration process is complex and will continue throughout into 2023, but we have already made significant progress.
They are the standards we set for ourselves and are reflected in our behaviors and actions.
To ensure that we continue to do business in the right way, I urge colleagues to stand up and speak out if they see or suspect wrongdoing or behavior which is not in line with our values or standards.
Colleagues and other stakeholders are able to raise any concern about ethical wrongdoing without fear of retaliation.
is zero harm Our goal is zero harm and safety will always be our top priority.
Over the past ten years our safety performance has improved significantly.
However, sadly, in lives while carrying out their duties, and our thoughts remain with their families.
In the last witnessed an increase in violent crime, particularly in regions where the economic effects from the Covid-19 pandemic have hit hardest.
I condemn these unprovoked and senseless acts of violence which cause intentional harm to our employees – colleagues who were doing their jobs and deserved to return home safely at the end of their shifts.
We will continue to work with the authorities to bring the perpetrators to justice and to increase our efforts to prevent future crimes.
Our colleagues in Afghanistan and Ukraine We are deeply saddened by the tragic and appalling events in Ukraine.
Since Russia’s invasion earlier this year, our priority has been to ensure the safety and security of our colleagues and customers in Ukraine and to provide essential financial and logistical support where we are able.