Targets and Objectives

Our sustainability strategy is underpinned by targets and key performance indicators.

We already have well established systems for measuring our performance, but we need to develop them further. A key conclusion from the group workshop sessions was that if we are to make solid progress towards making ours a sustainable business, we need to refine our measures of performance, set more challenging targets and measure our achievements against them.

We introduced a group safety target last year and a number of additional group level targets have been set out in our Sustainability 2017 Vision. Our group targets are:

Achieve a zero ‘greater than three day accidents’ safety target.
Implement ISO 14001 (environmental management system) at all manufacturing sites by 2010.
Achieve carbon neutrality.
More than double our earnings per share by 2017.
Achieve zero waste to landfill by 2017.
Halve the key resources we consume per unit of output by 2017.

Given that Johnson Matthey’s businesses are quite diverse, developing meaningful targets and KPIs that are applicable across the group is not straightforward. The group targets we have set to date are relevant to all our businesses and give each one the flexibility to deliver improvements that are pertinent to their sustainability goals.

In addition to implementing the group targets, our businesses have started to develop their own individual targets as part of their annual sustainability plans. This bottom up approach is expected to produce further aggregated targets for the group as a whole, and we will provide an update on our progress in next year’s report. We will also look to identify the common ground in our businesses where additional group targets could be developed in the future.