Creating shared value
The concept of shared value underpins our whole approach to sustainability. It is about investing in the future for our business and society.
Sustainability is not a choice or something that is ‘nice to have’ – it is crucial to securing the future of our company and for creating shared value for our consumers, our shareholders and our stakeholders.
Our sustainability agenda was first developed in 2007. In 2014, we sharpened our approach further with the development of our new sustainability agenda focused on three key areas. These were identified, through a detailed materiality process, as having the greatest significance to our business and our stakeholders.
Our approach is based on transparent independently assured reporting, stakeholder engagement, a detailed materiality process and sound governance procedures.
We have been producing independently assured reports since 2001 and believe this long history of reporting demonstrates a serious commitment to corporate responsibility and sustainability. Read more about how we report and go to sustainability reporting to download our latest reports.
Our process for stakeholder engagement includes independently assured and facilitated dialogue sessions and long-term partnerships, as well as regular engagement as part of our day-to-day business. Read more about stakeholder engagement.
We use a materiality process, including stakeholder dialogue and research, to identify the key areas that have the greatest significance to our business and our stakeholders. This determines our sustainability agenda and the content of our reporting. Read more about materiality.
Effective governance is critical to ensuring we manage our sustainability impacts, and our wider business, responsibly. It includes governance committees and having clear policies, principles and standards that we live up to. Read more about CSR governance and our policies, principles and standards.