Development which meets the needs of the present generations without compromising the ability of future generations to meet their own needs. Why do we want it? Sustainable Development is the best way forward for SOM because: • we welcome the opportunity to contribute to society; • it corresponds with our values and core purpose; • it will help us evolve our business portfolio on line with society’s expectations; • it provides us with the best opportunity for sustained success. How do we do it? We apply the sustainable development management framework to all operations. We employ the seven principles of sustainable development to all decision-making processes. We set targets for improvement, and measure and report performance. We encourage contractors to manage their business in line with this policy. We include sustainable development performance in staff appraisals and recognize its achievement. Our Objectives • To promote sustainable development in SOM. • To consider sustainable development in all business decisions. • To promote sustainable development among our stakeholders. • To engage stakeholders for their input in our long-term plans. The Seven Principles of Sustainable Development at SOM The seven sustainable development principles relate to areas where we need to plan and measure continuous improvement in order to achieve business success and meet our stakeholders’ expectations. None are new to the way we work, but taken together they help us integrate economic, social and environmental aspects of our business and find a balance between our long and short term goals. 1 To generate robust profitability 2 To deliver value to customers 3 To protect the environment 4 To manage resources 5 To respect people 6 To work with stakeholders 7 To benefit communities Our commitment to Sustainable Development • To encourage local employment and to develop the skills of local people – including higher technical and management skills – where possible, without compromising operating standards. • To continue to improve HSSE standards for all our operations, focusing particularly on road safety. • To support the government in its aim to diversify the economy through the development of tourism. |