Petards Group plc
Climate Impact & Sustainability Data (2014)
Reporting Period: 2014
Environmental Metrics
Social Achievements
- Over the past 18 months, Petards Joyce- Loebl, the Company’s operational unit located in Gateshead, has undergone considerable change in operating structure and personnel with approximately 35% either having moved on or been replaced and others taking broader roles and more responsibility coupled with accountability.
- The Group has established policies to comply with the relevant legislation and codes of practice regarding employment and equal opportunities.
Governance Achievements
- The Board supports the recommendations of the Financial Reporting Council’s revised Corporate Governance Code and believes in applying these in a sensible and pragmatic manner taking into account the size of the Group.
Climate Goals & Targets
Environmental Challenges
- Increased competition
- Future access to capital
- Fluctuations in financial results due to timing of large contracts
- Government expenditure impacting demand
- Dependence on key personnel
- Technological changes
- Currency risk
Mitigation Strategies
- Increasing geographic customer base and supplying a range of products and services to mitigate government expenditure risk.
- Incentivizing key employees.
- Investing in developing new products and services.
- Actively managing currency exposures with foreign currency instruments.