Interserve, the FTSE 250-listed construction group, has announced in its annual report that its SustainAbilities plan has brought about positive progress.
SustainAbilities is a comprehensive, business-wide sustainability plan that sets targets for 2020. It is also helping Interserve manage risk in its operations and increase opportunities for profitable growth.
The report provides the first set of performance data to compare with the 2013 baseline.
It demonstrates progress, with Interserve having met or exceeded its initial set of 2014 targets in areas such as sustainable procurement, provision of school work placements, local employment rates and more.
It also highlights the main challenges and areas where improvements still need to be made as Interserve progresses towards its 2016, 2018 and 2020 sustainability targets.
Some key developments in 2014 included:
- Across the Interserve business, local recruitment systems and processes were introduced to ensure better levels of local recruitment. Additionally, local employment targets were introduced to larger Interserve contracts.
- Some 61% of Interserve’s supply chain spend over the period was with small and medium-sized companies.
- Interserve provided 1,076 work placements for school children.
- Some 320 apprentices and graduates are now enrolled on Interserve early career programmes.
- Sustainability targets have been set for 762 senior managers as part of their personal appraisal targets. Additionally, from 2015, elements of Interserve’s chief executive’s and chief financial officer’s performance pay will be linked to achieving sustainability targets.
Group finance director and head of sustainability Tim Haywood said: “With public trust in business at very low levels, it is all the more important that companies share and celebrate the positive impact that they are having.
“Our second annual SustainAbilities progress report, which we have released today, reflects our wide-ranging social, environmental and community achievements.”