Proactively build your talent network across ANZ within the Energy, Renewables and Sustainability sectors. How to convert thinking into action by outlining the indicators needed to measure and drive change in the race to deliver net zero. Social Corporate Responsibility: the new Directive expands the number of companies subjected to the sustainability reporting framework and the non-financial requirements. July 2015 - June 2016 Files. The dual challenge of supplying energy to a growing population, while addressing the risks of climate change, is one of the greatest challenges the world is facing today. And Im excited about the investment were going to be making to accelerate that shift.. Collaboration is central to our approach. Responsibilities And Accountabilities . The terms of the Minera deal were not disclosed. We put sustainability at the heart of everything we do. Only then can the journey to reduce the carbon intensity of industrial processes happen without impacting productivity or financial performance. Find Worleys Sustainability Report 2020 here. As part of an effort to extract minerals in more sustainable ways by using new technologies, Worley has acquired Minera Mining Technologies. Make sustainability criteria and UN Global Compact principles part of goals and incentive schemes for CEO and executive management team. The consensus target is $11.29, signalling 0.9% upside to the last share price. He is the former Director of the Master of Science in Organization program at Pepperdine Graziadio Business School and served as past chair for the Academy of Management's Organization Development and Change Division. From contributing to our communities across the globe to delivering customer projects that make a positive impact. Worley's Executive Group Director Sustainability Sue Brown. As the world seeks to urgently reduce greenhouse gas emissions to net zero, our role is clear. We like the companys focus on sustainability, which should reap benefits as the energy transition accelerates, he said. All Rights Reserved. Christopher G. Worley is a research scientist at the Center for Effective Organizations at the University of Southern California Marshall School of Business and an assistant professor in Pepperdine University's Master of Science in Organization Development program.Edward E. Lawler III is the director of the Center for Effective Organizations and distinguished professor of business, also at . The way we use water and produce waste is one of our material impacts on nature. Striving towards a waste-free future, some . And the scale and pace of change needed is extraordinary, presenting unique challenges for the worlds biggest energy, chemicals and resources businesses. Helping our customers meet the demands of the global energy transition. Without it, nothing else matters. As part of an effort to extract minerals in more sustainable ways by using new technologies, Worley has acquired Minera Mining Technologies. Sustainable economic growth will be essential to deal with these increasing challenges as the world recovers from the pandemic. Nearly 9 in 10 (87%) consumers said that they feel it is important to reduce waste and recycle more at home over the next five years. Macquarie assesses cost savings and constant currency revenue growth rather than the mix of business are the likely drivers of a better second half compared with the first. Our ESG data center provides information on our performance against our materiality issues. Citigroups Dan Levy is among the most bullish analysts, rating Worley a buy with a target price of $12.28 per share in the belief that fiscal 2021 will mark the bottom of the companys earnings curve. In its investor briefing the company has emphasised a longer-term energy transition outlook, expecting $128-469bn . WHO WE ARE. A case study by Ericsson showed that Boliden Aitik mine in Sweden cut more than $2.5 million off operating costs using automation. UBS analyst Nathan Reilly forecasts Worleys fiscal 2022 earnings before interest, taxation and amortisation will rise 14 per cent to $534 million, mostly due to cost-cutting but warns some project deferrals are likely to continue over the next 12 months. Under the new structure, ACE will own 51% Copyright 2023 C-Suite Compass LLC. The joint venture will develop and run both recycling facilities as greenfield projects. The Sustainability Performance Target Minimum Score Condition will be met if Edenred reaches at least 2 out of 3 of the above mentioned KPIs. Participation and leadership by employers organizations (international and national) to jointly address challenges related to labour standards in the countries of operation, possibly in a tripartite approach (business trade union government). Our commitment to People, Planet and Sustainability is demonstrated in Worley's broader ambitions in the energy transition space extend from early-stage concept and feasibility through to delivering full EPC and EPCM packages. audits/screenings) for compliance within the companys sphere of influence, Undertake awareness-raising, training and other types of capacity building with suppliers and other business partners, Any relevant policies, procedures, and activities that the company plans to undertake by its next COP to fulfill this criterion, including goals, timelines, metrics, and responsible staff, Analyze each segment of the value chain carefully, both upstream and downstream, when mapping risks, opportunities and impacts, Place responsibility for execution of sustainability strategy in relevant corporate functions (procurement, government affairs, human resources, legal, etc) ensuring that no function is conflicting with company sustainability commitments and objectives, Align strategies, goals and incentive structures of all business units and subsidiaries with corporate sustainability strategy, Assign responsibility for corporate sustainability implementation to an individual or group within each business unit and subsidiary, Design corporate sustainability strategy to leverage synergies between and among issue areas and to deal adequately with trade-offs, Ensure that different corporate functions coordinate closely to maximize performance and avoid unintended negative impacts, Leadership review of monitoring and improvement results, Grievance mechanisms that are legitimate, accessible, predictable, equitable, transparent, rights-compatible, a source of continuous learning, and based on engagement and dialogue (BRE4 + ARE4), System to monitor the effectiveness of human rights policies and implementation with quantitative and qualitative metrics, including in the supply chain (BRE3 + ARE3), Monitoring draws from internal and external feedback, including affected stakeholders, Process to deal with incidents the company has caused or contributed to for internal and external stakeholders (BRE 4 + ARE 4), Outcomes of integration of the human rights principles, Process to ensure that internationally recognized human rights are respected, Internal awareness-raising and training on human rights for management and employees, Allocation of responsibilities and accountability for addressing human rights impacts, Internal decision-making, budget and oversight for effective responses to human rights impacts, Process and programs in place to support human rights through: core business; strategic philanthropic/social investment; public policy engagement/advocacy; partnerships and/or other forms of collective action (BRE 6 + ARE 6), On-going due diligence process that includes an assessment of actual and potential human rights impacts (BRE 2 + BRE 3 + ARE 2 + ARE 3), Operational-level grievance mechanisms for those potentially impacted by the companys activities (BRE 4 + ARE 4), Processes to provide for or cooperate in the remediation of adverse human rights impacts that the company has caused or contributed to (BRE 3+ BRE 4 + ARE3 + ARE 4), Commitment to comply with all applicable laws and respect internationally recognized human rights, wherever the company operates (e.g., the Universal Declaration of Human Rights, Guiding Principles on Human Rights) (BRE1 + ARE1), Integrated or stand-alone statement of policy expressing commitment to respect and support human rights approved at the most senior level of the company (BRE 1 + BRE5 + ARE 1 + ARE 5), Statement of policy stipulating human rights expectations of personnel, business partners and other parties directly linked to operations, products or services (BRE 1), Statement of policy publicly available and communicated internally and externally to all personnel, business partners and other relevant parties (BRE 1 + BRE 5 + ARE 1 + ARE 5), Outcomes of integration of the Labour principles, System to track and measure performance based on standardized performance metrics, Dialogues with the representative organization of workers to regularly review progress made and jointly identify priorities for the future, Audits or other steps to monitor and improve the working conditions of companies in the supply chain, in line with principles of international labour standards, Process to positively engage with the suppliers to address the challenges (i.e., partnership approach instead of corrective approach) through schemes to improve workplace practices, Reference to principles of relevant international labour standards (ILO Conventions) and other normative international instruments in company policies. Our environmental management approach is guided by an understanding of the potential environmental and socioeconomic impacts of our operations and a commitment to develop, maintain, and . Worley Limited Sustainability-Linked Bond Framework Second-Party Opinion (2021). Former Group President Sustainability at Worley. As a leader in sustainability solutions to the energy, chemicals and resources sectors, we have the opportunity to preserve and improve the state of the environment in our project work. CHRIS ASHTON Worley's five-year senior unsecured bond comes with a sustainability performance target of reducing its absolute scopes 1 and 2 emissions by at least 57,177t carbon dioxide equivalent by FY2025, compared to its 2020 baseline. We strive to be an industry leader in health, safety and environmental performance. Transform our culture by providing our people with opportunities to learn, develop and drive sustainable solutions with our customers and suppliers. The energy transition isn't just about alternative fuels, power generation, or use, or storage. Worley's EUR 500 Million Sustainability-Linked Eurobond Offer; Worley's EUR 500 Million Sustainability-Linked Eurobond Offer. . Worleys inclusion on the DJSI is a recognition of the hard work and focus of our people on delivering a more sustainable world with our customers, partners, and communities globally, said Sue Brown, Executive Group Director Sustainability at Worley. If it misses this target, Worley will pay investors a 25-basis point penalty at maturity or on early redemption. OUR THINKING. Posted 4:30:26 PM. Calibration of Sustainability Performance Target (SPTs) Worley has established an SPT to reduce absolute Scope 1 and 2 emissions by at least 57,177t CO2-eq. Citi takes the opportunity to revise growth projections for the energy segment in FY21-25 because of strong oil prices, noting thesegment comprises around 47% of revenue and the backlog has increased to $14.1bn as of the end of March, up 4% since December. Worley is a leading global provider of professional project and asset services in the energy, chemicals and resources sectors. The CSA consists of a rigorous questionnaire assessing both public and non-public data submitted by participating companies. Worley is a leading global provider of professional services in the energy, chemicals and resources sectors. The 19th century saw the discovery of oil and gas. Bloomberg. Weve been recognized as a global leader through our inclusion in S&P Dow Jones Sustainability Index 2022 Review. Accelerating the deployment of technology. The company also won 40 projects over the same period for hydrogen and envisages a US$200bn addressable market by 2040. 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