Babcock International Group PLC 2023 AR2
The report highlights Babcock International Group PLC's strategic and financial progress during its second year of turnaround, achieving ten percent organic revenue growth and a significant reduction in net debt. The company successfully completed its portfolio alignment programme, concentrating over two-thirds of its revenue on defence. In sustainability, Babcock progressed its Plan Zero 40 strategy, submitting its interim and net zero carbon reduction targets to the Science Based Targets initiative (SBTi) for verification. Additionally, the company integrated ESG priorities into its performance framework, linking executive remuneration to carbon reduction and diversity targets.
Company: Babcock International Group PLC
Sector: Manufacturing
Country: United Kingdom
Year: 2023
Type: AR2
Pages: 256
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Babcock International Group PLC
Annual Report And Financial Statements
The report highlights Babcock International Group PLC's strategic and financial progress during its second year of turnaround, achieving ten percent organic revenue growth and a significant reduction in net debt. The company successfully completed its portfolio alignment programme, concentrating over two-thirds of its revenue on defence. In sustainability, Babcock progressed its Plan Zero 40 strategy, submitting its interim and net zero carbon reduction targets to the Science Based Targets initiative (SBTi) for verification. Additionally, the company integrated ESG priorities into its performance framework, linking executive remuneration to carbon reduction and diversity targets.
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Document Details
Report Year
2023
Reporting Period
Apr 1, 2022 - Mar 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees