A Gold Standard
8 June 2010
The Costain Group has achieved Gold standard in the field of
Corporate Responsibility (CR).
In this week's Financial Times Responsible Business Supplement,
it was announced that Costain had achieved a score of 93.1% - a
Gold banding in Business in the Community's (BITC) CR Index.
The BITC Index is the UK's leading voluntary benchmark of CR. It
helps companies to integrate and improve CR throughout their
operations by providing a systematic approach to managing,
measuring and reporting on business impacts in society and the
environment.
The Gold banding is awarded to companies which: "demonstrate
openness and transparency through effective public reporting of its
material, environmental and social issues, programmes and
performance. Gold companies also tend to expand and adapt their
risk management processes by incorporating relevant aspects of CR
risk and opportunity."
Stephen Wells, Costain Group Strategy and Business Development
Director, has executive responsibility for CR. He said: "This Index
includes many of our key customers such as EDF Energy, National
Grid, United Utilities, Severn Trent and Network Rail. Those
companies and many others understand how critical it is to have
credible and respected third party assessment of their CR
operation. BITC provides just that and we are delighted to have
achieved Gold.
"CR is of critical importance to Costain. It is at the core of
our culture, operations and overall performance. Everyone in
Costain has been committed to the CR cause and Catherine Warbrick,
our CR manager, has worked extremely hard to ensure we achieve our
targets. Now we must improve further this year."
Ends