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CIMIC Group Limited Annual Report 2016 |
Sustainability Report
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The Group’s key risks, including those arising due to externalities such as the economic, natural and social operating environments, are
set out in the table in the Operating and Financial Review Section in this Annual Report, together with the Group’s approach to managing
those risks.
These technical webinars reached over 1,100 employees across the Group either during the live broadcast or by being accessed on-line at
a later date. The majority of these were delivered by EIC Activities staff. One was a guest webinar by Sedgman and others included
presenters from other Operating Companies, demonstrating the degree of collaboration occurring across the Group.
QUALITY
Delivering projects that meet our clients and other stakeholder requirements is the result of good planning and skilful execution.
Everyone has accountabilities in this regard.
The Group has people in pure quality and systems roles with direct accountability for ensuring compliance with ISO 9001:2008 Quality
Management Systems. These people also coordinate with key stakeholders and subject matter experts to improve our procedures so we
work more efficiently and develop effective controls to ensure that work is done in compliance with quality requirements. The Group’s
quality certification includes:
•
Thiess – AS/NZS ISO 9001 (DNV-GL Quality System Certification);
•
CPB Contractors – AS/NZS ISO 9001:2008 (SGS Quality System Certification);
•
Leighton Asia – ISO 9001:2008 (India, Singapore, Malaysia, Indonesia - Lloyd’s Quality System Certification, Hong Kong – HKQAA
Quality System Certification, Philippines – Bureau Veritas Quality System Verification); and
•
Sedgman – ISO 9001
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.
CREATING VALUE
The direct economic value that CIMIC generated and distributed over the past 3 years is set out below.
Economic value created ($m)
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2016
2015
2014
Economic value generated: Revenue
10,847
13,273
16,780
Economic value distributed
(10,488)
(12,685)
(16,194)
Of which: Operating costs
(7,456)
(8,824)
(11,170)
Employee wages and benefits
(2,432)
(3,059)
(4,362)
Payments to providers of capital
(412)
(580)
(636)
Payments to governments
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(188)
(221)
(22)
Community investments
(0.3)
(0.8)
(4.3)
Economic value retained
359
588
586
Other shareholder return information can be found in the Operating and Financial Review section of this Annual Report and in the
Remuneration Report. But value is more than purely dividends and share appreciation for shareholders. CIMIC creates value in other
ways that have significant benefits to communities and society:
•
the infrastructure and property projects we construct for clients (roads, railways, hospitals, schools, offices, gas plants, wind farms,
water recycling plants, telecommunications lines, etc) are fundamental to improving the productivity of economies and the quality of
people’s lives;
•
contract mining produces resources (coal, iron ore, nickel, copper, gold, diamonds) which are critical for economic development and
prosperity, and help to generate royalties and tax income for governments, stimulate local communities, and generate well paid and
secure employment;
•
our operations and maintenance services are integral to the upkeep of critical infrastructure – we help keep the lights on, trains
rolling, water flowing and motorways tolling;
•
by engaging many thousands of sub-contractors to provide services to our projects, and the payments we make, we provide
employment opportunities and foster local suppliers, many of them in regional and remote communities; and
•
the innovation of our people leads to safer construction techniques for the industry and new services which can be exported to other
markets, ultimately earning income for the country.
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Certification covers Sedgman’s Brisbane, Gold Coast and Santiago offices and Townsville workshop locations for the following scope: concept
development, feasibility, minerals processing and materials handling design, engineering, fabrication, installation, and repair and maintenance services to
the resources sector. Additional locations and services will be considered for certification in the future.
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Restated for 2014 for comparison to reflect continuing operations after disposals. This calculation follows the formula set by the GRI.
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The Group incurred tax expenses of $430.4 million in 2014 and $135.1 million in 2013 due to the profits on sale and income from its discontinued
operations.
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