Sustainability
Overview
SGH has a proud and long heritage in supporting the communities that we operate in and providing for the safety of our people. Our businesses have long histories, with WesTrac’s origins dating back more than 100 years, Boral's more than 70 years, and Coates' more than 130 years. To retain a licence to operate we must serve our customers, employees, communities, and shareholders effectively.
We pride ourselves on a disciplined approach to capital allocation, but we also recognise that our long-term investment success is a product not only of how we manage our businesses but also how we conduct ourselves and operate in the broader community.
Our Sustainability Reports detail our approach to Sustainability and provide information on the aspirations, actions and outcomes for each of our ten material ESG issues, as well as disclosures aligned to the TCFD framework.
Click here for our FY24 Sustainability Report, embedded at pages 20-45 of the FY24 Annual Report
Click here for our FY23 Sustainability Report, embedded at pages 24-51 of the FY23 Annual Report
Click here for our FY22 Sustainability Report
Click here for our FY21 Sustainability Report
Material Issues
Over the course of FY21 SGH undertook a series of exercises to ascertain the environmental, social and governance issues that are most material to our businesses.
In recognition of our diversified model, the materiality exercises were conducted at the level of our operating businesses, WesTrac and Coates (now updated for Boral), and then aggregated to reflect areas of commonality. The materiality exercises were informed by consultation with a wide range of internal and external stakeholders, including operations and front-line team members, executives, suppliers, investors and non-governmental organisations. All exercises were open-ended to allow the full range of potential sustainability-related issues to be unearthed.
Issues were then prioritised using two key dimensions as a guide: which ESG issues our businesses have the most significant impact on; and which ESG issues most influence our stakeholders’ assessments and decisions relating to our businesses.
Ten issues emerged from this process as the most material issues for us to focus on across SGH. While specific actions and targets on each issue will differ for each of our businesses, a common aspiration is shared for each across SGH.
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1. Safety: We aspire to be recognised by our teams, customers and regulators for safety excellence. |
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2. Energy & Emissions: We aspire to play a leading role in each of our sectors in meeting the Paris Agreement’s goal to limit global temperature rises to well below 2oC. |
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3. Waste & Water: We aspire to play a positive role in helping Australia reduce its reliance on landfill and attain more sustainable water outcomes. |
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4. Materials: We aspire to be a leading Australian corporate contributor to the circular economy. |
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5. Technology & Innovation: We aspire to bring the benefits of technology and innovation, including digital, to our teams and customers. |
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6. Diversity: We aspire to have 25 per cent female participation in our workforce by 2025. |
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7. Employment: We aspire to be an employer of choice across all categories of employment, known for fairness, empathy, development and contribution. |
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8. Training: We aspire to engage, educate, develop and inspire our people. |
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9. Indigenous Inclusion: We aspire to make a meaningful contribution to the full realisation of the rights of Aboriginal and Torres Strait Islander peoples in the communities we operate in. |
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10. Local Communities: We aspire to be an engaged and constructive participant in the communities in which we operate. |
Sustainability in our Businesses
SGH is an Australian focused diversified operating company, with market leading businesses across Industrial Services, Energy, and Media. Each of our businesses has a tailored Sustainability Strategy, available below.
Click here to link to WesTrac’s Sustainability site
Click here to link to Coates’ Sustainability site
Click here to link to Beach’s Sustainability site
Click here to link to Seven West Media’s Sustainability site
Click here to link to Boral’s Sustainability site
Other Information
In addition to our annual Sustainability Report, SGH also makes available the following further information for our stakeholders that is relevant in understanding our approach and achievements.
Click here for SGH’s Modern Slavery Statement
Click here for SGH’s Tax Transparency Report
Click here for SGH’s GRI Content Index
Click here for SGH’s Diversity and Equal Employment Opportunity Policy
Click here for SGH’s Fraud & Corruption Policy
Click here for SGH’s Workplace Gender Equality Agency reporting
Click here for SGH’s Environmental Policy