Our strategy must be directed towards creating a sustainable business. For Rolls-Royce that means driving profitable growth whilst achieving a positive economic, social and environmental impact. We will deliver better power to our customers, use innovation to secure a better future, and build on today’s achievements to develop a better business, ready to meet the challenges ahead.
The Board and management are united in this endeavour. We invest significantly in research and technology to allow us to develop increasingly more efficient power systems and continue to mitigate our environmental impacts.
To retain our world-class position we recognise that we need world-class people. We work actively to support Science, Technology, Engineering and Maths (STEM) teaching in schools and have strong partnerships with universities around the world, recognising that we will need more and more skilled engineers in the future as we continue to grow. We also place a high priority on the training and professional development of our own people.
We are consistently striving to improve our operational performance. Fundamental to a healthy company are strong ethical standards and behaviours, supported by good governance. This year, I have merged the work of the separate safety and ethics committees into one broader-based safety and ethics committee that will give greater focus to our sustainability agenda.