Climate Change Data

Westminster Group PLC

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Working towards ISO 14001 – Environmental Management
  • Reducing energy, water, and resource consumption as well as greenhouse gas emissions
  • Recycling packaging material
  • Recycling equipment and parts where possible
  • Use of electric vehicles where possible
  • Reducing travel by continuing with remote meetings

Social Achievements

  • Support and assistance provided in many regions of operation
  • Support for the Westminster Group Foundation
  • Structured systems to support staff and provide training programs
  • Flexible working arrangements, including home working
  • Free refreshments, gym time, and medical support
  • Team building and social events

Governance Achievements

  • Adoption of the Quoted Companies Alliance (QCA) Corporate Governance Code 2018
  • Strict policies for all compliance risks and regular policy reviews
  • Regular staff training on anti-bribery, sanctions/controls, and stock market requirements
  • Comprehensive anti-bribery policy and procedure
  • Annual anti-bribery webinar for all Directors and staff

Climate Goals & Targets

Short-term Goals:
  • Develop existing corporate social responsibility and governance activities into a more formal and focused ESG strategy

Environmental Challenges

  • Global economic turmoil and financial uncertainty leading to delays in contract awards
  • Slippage of a multi-million-pound Technology project due to a country's budget constraints
  • Continued delay in the ratification of the DRC contract
  • Delay in the West African Port project due to land issues
  • Strained relationship with local partners regarding the Ghana port project
Mitigation Strategies
  • Cost reductions and regular risk assessments
  • Processes and safe working practices, including home working
  • Developing a more formal and focused ESG strategy
  • Building more core business in the UK and developed world areas
  • Exploring debt funding and leasing providers to transition large-scale projects to a longer-term revenue model
  • Expanding the global footprint through the development of the agent network and strategic joint ventures
  • Mitigation strategies developed by the Risk Committee

Supply Chain Management

Responsible Procurement
  • Choosing the best products that meet customer requirements
  • Exclusive supply arrangements for specific products
  • Advantageous supply arrangements with leading suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA Corporate Governance Code 2018, ISO 26000 (reference document)

Certifications: ISO 9001 (Quality Assurance), Working towards ISO 14001

Sustainable Products & Innovation

  • Solar street lighting
  • Oil leak detection