Costain has launched Costain Cares, a new operational drive to build a longer-term sustainable business that creates greater economic, environmental and social value.
The company said that Costain Cares would address further the developing needs of stakeholders and increase the speed and scale of change towards a responsible business. At the same time, it would enhance performance in every facet of Costain’s operations.
The new initiative will define what the Company does, from building relationships with stakeholders, to securing new orders from major customers and delivering profitable solutions through innovation.
The company said that Costain Cares would not only guide the business, but would also enable the Company to measure performance continually through third party assessment and set strategic goals for the future.
Costain Cares comes after a period of detailed stakeholder engagement - the company has listened to the views of customers, communities, colleagues and shareholders. Costain said the process had highlighted the issues that are paramount and where it must focus to enable the company to fulfil its potential.
Commenting on the new initiative, Andrew Wyllie, Costain’s Chief Executive, said:
“Costain Cares will establish a new level of competitiveness. It will shape the future of our business and drive actions on a day-to-day basis.”
Catherine Warbrick, Costain’s Corporate Responsibility Director, said:
“Costain Cares is about an enhanced level of commitment to our stakeholders. We will focus on the issues they really care about, and set more ambitious performance levels against which they can hold us to account.
"We are now raising the bar even further, as we work closely with our stakeholders to achieve our vision of being one of the UK’s leading solutions providers.
Business in the Community (BITC), the business-led charity, has published research showing that FTSE350 companies which consistently manage and measure their corporate responsibility outperformed their FTSE 350 peers on total shareholder return (TSR).
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