Our approach to reporting, disclosure and transparency
During World Green Building Week it is pertinent to draw attention to Multiplex’s ongoing Environmental Social Governance Reports (ESG), or “Positive Impact” Reports, which detail our ESG related activities in any given year. Since 2017, Multiplex has been completing ESG reports on an annual basis.
Prior to this, between 2011 and 2016, they were released bi-annually. Completion of separate ESG reports is not a mandatory requirement, however, it enables us to comply with a range of ESG disclosure requirements and — crucially — highlight our achievements and aims within the business from an environmental, social and governance perspective. This transparency enables our stakeholders to clearly understand our ESG impact, be that positive or negative, and what we are doing as a company to improve our performance over time. Accountability is non-negotiable when it comes to building credibility, and we are keen to impress upon our stakeholders how genuine we are at Multiplex in our desire to improve on our ESG impact. It is for this reason that we include our latest performance data in our ESG reports — this clearly demonstrates how we are promoting best practice within the company, whilst also acknowledging areas which require further improvement and proactivity on our part.
Our latest Europe report, launched on Wednesday 22nd September 2021, presents our achievements between January 1, 2020 and December 31, 2020, unless noted otherwise. Within the 2020 report we have also launched Creating Sustained Value, our new ESG strategy for embedding environmental and social considerations across all our projects and supply chain from 2021 and beyond. This strategy is based on eight integral pillars, four environmental and four social, which are as follows: responsible and circular resourcing; building in sustainability; net positive biodiversity and air quality; climate action; respecting our neighbours; socio-economic value; diversity, inclusion and respect; health, safety and wellbeing. These are the foundations which allow us to create sustained value as a company.
We recognise the opportunity we have to positively influence both our clients and supply chain, and the seismic impact we can have when our values are aligned. With this in mind, it is imperative that we foster collaborative relationships with all of our stakeholders, and work together to find ways to optimise the design, procurement, delivery and operation of our buildings to generate sustainable results — for our planet, people and from an economic perspective — the triple bottom line. At Multiplex we believe that disclosures concerning ESG impact are only going to become more common throughout the industry, whether that be on a legal or voluntary basis. We also believe that our own performance around ESG matters will, rightly, become more scrutinised.
Multiplex is a forward thinking company, and in anticipation of this shift, we are striving to improve the quality and volume of the performance data provided annually in our Positive Impact Report. It is in everyone’s interest for leading contractors to become more transparent with regard to ESG practices. We are currently legally required to complete the following items annually: Section 172 Report; Modern Slavery Statement; Gender Pay Gap Report; Streamlined Energy and Carbon Reporting (SECR). We are also required to report against the following voluntary standards after making commitments to them previously: World Green Building Council’s (WGBC) Net Zero Carbon Buildings Commitment (NZBC); Science Based Target Initiative (SBTi); SteelZero; Task Force on Climate-related Financial Disclosures (TCFD); Global Reporting Initiative (GRI); Sustainability Accounting Standards Board. In order to meet our obligations, we aim to expand on all of the above in our annual Positive Impact report. In addition, we also include information on other ESG items which are material to our stakeholders. Where the above disclosures are in separate reports, we will provide links to these within the main Positive Impact report to provide a more holistic overview of our achievements.
We hope you enjoy reading our 2020 Positive Impact Report. If you have any questions, please reach out to Joshua Davies, Senior Sustainability Manager via the contact form.