Priorities

We take our responsibilities to the environment and the communities in which we operate very seriously. These are often referred to as Corporate Social Responsibility or CSR. We believe that these responsibilities can impact positively on profitability, returns to shareholders, reputation and growth. High standards of responsibility are, in our view, compatible with growth and business efficiency. We put particular emphasis on ensuring that our management of social, environmental and economic issues is aligned and integrated with the overall management of the business and we call this 'responsible business'.

We fully endorse and align our responsible business programs with our parent company’s, IMI plc, own responsible business policy.

Cannon Equipment, along with our parent company IMI, plc has identified four key priorities within our overall approach to Responsible Business. We are accelerating our efforts to work in ways that are more sustainable, ensuring that we take account of all stakeholders, including future generations.

Our priorities are:

1. Continually improving our working practices to minimize health and safety risks. We encourage best practice throughout our business and monitor performance through a set of Corporate Health and Safety requirements and systems of guidance and auditing. We utilize relevant key performance indicators to help us track our progress.
2. Understanding and meeting our customers' Responsible Business (CSR) priorities. Our operations seek to understand the whole business environment experienced by our customers, including their social and ethical responsibilities and priorities.
3. To manage the particular challenges relating to manufacturing facilities in low-cost countries. We ensure that all our facilities operate in accordance with our policies on health, safety and the environment, employment practices (particularly child labor), pay, benefits and working conditions, improper gifts and payments, and also set standards on these matters that suppliers too are required to meet, in line with the UN Global Compact. We have developed a supplier evaluation tool to ensure that performance is reviewed in a systematic way.
4. To maximize energy efficiency. Each of our facilities is required to set targets aimed at minimizing emissions that have global warming potential and also reducing the associated costs. In addition, all of our businesses are continually seeking to develop ways in which our products and services can become even more energy efficient and/or help our customers become more energy efficient.