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Today's guest is Sue Brown, Executive Group Director of Sustainability at Worley.. As a leading global provider of professional project and asset services in the energy, chemicals and resources sectors, Worley is on the frontlines of doing the actual work to engineer and build everything we're going to need for the clean energy transition, and they're doing so across industries and the globe. But this isn't our first energy transition. The achievement of the SPT will contribute to SDG 9. Sustainability work involves emissions control, materials used in the energy transition such as copper, energy efficiency, electrification, decarbonisation infrastructure and, of course, renewable energy construction. Make sustainability criteria and UN Global Compact principles part of goals and incentive schemes for CEO and executive management team. The boss of global engineering group Worley cannot hide his enthusiasm over the future of energy. whistleblower mechanisms) for reporting concerns or seeking advice regarding environmental impacts, Assessments of lifecycle impact of products, ensuring environmentally sound management policies, Support by the organizations leadership for anti-corruption (B4), Carrying out risk assessment of potential areas of corruption (D3), Human Resources procedures supporting the anti-corruption commitment or policy, including communication to and training for all employees (B5 + D8), Internal checks and balances to ensure consistency with the anti-corruption commitment (B6), Management responsibility and accountability for implementation of the anti-corruption commitment or policy (D7), Communications (whistleblowing) channels and follow-up mechanisms for reporting concerns or seeking advice (D9), Internal accounting and auditing procedures related to anticorruption (D10), Actions taken to encourage business partners to implement anti-corruption commitments (D6), Publicly stated formal policy of zero-tolerance of corruption (D1), Commitment to be in compliance with all relevant anti-corruption laws, including the implementation of procedures to know the law and monitor changes (B2), Policy on anti-corruption regarding business partners (D5), Statement of support for international and regional legal frameworks, such as the UN Convention against Corruption (D2), Detailed policies for high-risk areas of corruption (D4), Leadership review of monitoring and improvement results (D12), Outcomes of integration of the anti-corruption principle, Public legal cases regarding corruption (D14), Use of independent external assurance of anti-corruption programmes (D15), Align core business strategy with one or more relevant UN goals/issues, Develop relevant products and services or design business models that contribute to UN goals/issues, Adopt and modify operating procedures to maximize contribution to UN goals/issues, Pursue social investments and philanthropic contributions that tie in with the core competencies or operating context of the company as an integrated part of its sustainability strategy, Coordinate efforts with other organizations and initiatives to amplifyand not negate or unnecessarily duplicatethe efforts of other contributors, Take responsibility for the intentional and unintentional effects of funding and have due regard for local customs, traditions, religions, and priorities of pertinent individuals and groups, Publicly advocate the importance of action in relation to one or more UN goals/issues, Commit company leaders to participate in key summits, conferences, and other important public policy interactions in relation to one or more UN goals/issues, Develop and implement partnership projects with public or private organizations (UN entities, government, NGOs, or other groups) on core business, social investments and/or advocacy, Join industry peers, UN entities and/or other stakeholders in initiatives contributing to solving common challenges and dilemmas at the global and/or local levels with an emphasis on initiatives extending the companys positive impact on its value chain, Publicly recognize responsibility for the companys impacts on internal and external stakeholders, Define sustainability strategies, goals and policies in consultation with key stakeholders, Consult stakeholders in dealing with implementation dilemmas and challenges and invite them to take active part in reviewing performance, Establish channels to engage with employees and other stakeholders to hear their ideas and address their concerns, CEO leads executive management team in development of corporate sustainability strategy, defining goals and overseeing implementation, CEO publicly delivers explicit statements and demonstrates personal leadership on sustainability and commitment to the UN Global Compact, CEO promotes initiatives to enhance sustainability of the companys sector and leads development of industry standards, Make sustainability criteria and UN Global Compact principles part of goals and incentive schemes for CEO and executive management team, Board of Directors (or equivalent) assumes responsibility and oversight for long-term corporate sustainability strategy and performance. Worley has 5 employees across 121 locations and $9.7 b in annual revenue in FY 2022. It's driven by the urgent need to address climate change, and the development of cheaper, low emissions technologies. 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. 4d. by 2030 for Scope 1 and 2 Because every day I get to help a company of 51,000 people get one step closer to net-zero emissions.. Minera plans and develops technology programs for mining operations that fit within their current processes and can help them improve on their existing technology. Worley has made a firm commitment to support the energy transition, and central to this is ensuringSee this and similar jobs on LinkedIn. The company also works with equipment manufacturers and outside technology providers to design and deploy the platforms. Engineering firm Worley has released its Sustainability Report 2020, which highlights strong progress on delivering sustained economic, social, and environmental progress for communities across the world by deploying the latest digital and sustainability innovations for its customers. Worley in the news Keep up to date with all the latest news, events and groundbreaking projects from our operations around the globe. This role will join our project execution . Morningstar analyst Mark Taylor, who has a fair value estimate of $12 on Worley, said that the improvement in the groups profit margins, which rose to 6.1 per cent in the second half of the financial year from 4.6 per cent a year earlier, reflected cost-cutting as well as the focus on sustainability. Mr Ashton has promised to give shareholders more detail on Worleys targets for making money from sustainability projects at an investor day in December. How can you be a part of the energy transition journey at Worley?Our people tell their stories. By assuming Worley can achieve a 5% share of the sustainability market, Macquarie crunches some big numbers, estimating a revenue opportunity equivalent to around current annual revenue of $9bn. While differing slightly regarding the areas of importance in terms of energy transition, most brokers agree expenditure will be material and ramp up significantly, and Worley can capture a large share. The joint venture will develop and run both recycling facilities as greenfield projects. Help using this website - Accessibility statement. We provide strengthened ESG business governance through our framework. And transforming the way we design, build, and operate assets to ensure were delivering a more sustainable world. 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. 2020/09/17 Time period. Follow Worley onFacebook, Twitter, LinkedIn and YouTube. We expect them to leverage their existing relationships with upstream operators to win sustainability work, as traditional energy operators ramp up their energy transition efforts., Morgan Stanley analyst Adam Martin, who has lowered his price target on Worleys stock to $11 per share from $11.30 per share previously but kept an equal weight rating, says the challenge for investors in the near term is gauging whether sustainability projects are growing fast enough to apply a higher multiple than the long-run average of the company.. Worley's Executive Group Director Sustainability Sue Brown. Worley Acquires Minera to Improve Mining Sustainability. Social Corporate Responsibility: the new Directive expands the number of companies subjected to the sustainability reporting framework and the non-financial requirements. We're moving towards net zero and addressing global energy security and sustainability challenges. Our long-term commitment to sustainability can be found in our reports archive and policies and statements. 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). And now after achieving a 54% reduction in emissions, we are accelerating our efforts an raising the bar to achieve Net-Zero operations by 2030, in line with Science Based Targets. Considering this complexity, its important that we prioritize and manage our water use based on material impact. Under the new structure, ACE will own 51% Copyright 2023 C-Suite Compass LLC. And were supporting our people and communities to ensure an inclusive transition. For more information, visit Worley.com. Worley is a leading global provider of professional project and asset services in the energy, chemicals and resources sectors. Worley is committed to making a difference and we currently have exciting projects delivering energy transition . We put sustainability at the heart of everything we do We work with business to develop the right strategy, log in to a digital future, secure and safeguard social license, enhance local . The 18th-century industrial revolution saw us switch from wood to coal for energy. Environmental Leader is a registered trademark of C-Suite Compass LLC. Worley has made a firm commitment to support the energy transition, and central to this is ensuring Project Delivery adheres to cost, schedule and quality and meets appropriate legislation and standards. Automated systems can help lower energy and fuel use and predict potential interruptions in operations. Sustainalytics considers the SPT to be aligned with the Issuer's sustainability strategy and . A secondary role will include proposal generation and technical expertise in support of sales opportunities. . At Worley, we are driven by a common purpose, delivering a more sustainable world. From Ambition to Reality 2. Delivering a more sustainable world. As leaders in energy, chemicals and resources, we have a responsibility to shape and support the future of our markets in sustainable development. 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 . Supporting Spain's sustainability journey through floating offshore wind. Worley has made a firm commitment to support the energy transition, and central to this is ensuring Project Delivery adheres to cost, schedule and quality and meets appropriate legislation and standards. Copyright 2022 Sustainalytics. Worley Sustainability Report 2021.pdf (English) Worley Annual Report 2021.pdf (English) . Her interests include bridging sustainability research and industry practice. 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. Creating a greener and more equitable world, the Miller Worley Center for the Environment prepares environmental leaders for today and the future by promoting a culture of environmental sustainability and justice on campus and beyond. Fast. Sustainability solutions. Group Director, Sustainability and Energy Transition Leadership. . 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