Melrose Industries PLC 2015 AR2
The report highlights Melrose Industries PLC's exceptional performance in 2015, dominated by the successful disposal of the Elster business to Honeywell for £3.3 billion, which returned £2.4 billion in cash to shareholders. Following the sale, the company's continuing operations consist of Brush, which faced challenging market conditions but implemented cost-reduction measures and completed a new manufacturing plant in China. The company also transferred major pension obligations to Honeywell, significantly reducing its net pension deficit. Additionally, the report details the group's corporate social responsibility initiatives, including a 40% reduction in Brush's accident frequency rate and the disclosure of global greenhouse gas emissions.
Company: Melrose Industries PLC
Sector: Manufacturing
Country: United Kingdom
Year: 2015
Type: AR2
Pages: 156
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Melrose Industries PLC
Annual Report
The report highlights Melrose Industries PLC's exceptional performance in 2015, dominated by the successful disposal of the Elster business to Honeywell for £3.3 billion, which returned £2.4 billion in cash to shareholders. Following the sale, the company's continuing operations consist of Brush, which faced challenging market conditions but implemented cost-reduction measures and completed a new manufacturing plant in China. The company also transferred major pension obligations to Honeywell, significantly reducing its net pension deficit. Additionally, the report details the group's corporate social responsibility initiatives, including a 40% reduction in Brush's accident frequency rate and the disclosure of global greenhouse gas emissions.
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Document Details
Report Year
2015
Reporting Period
Jan 1, 2015 - Dec 31, 2015
Fiscal Year
2015
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Women on Board
Women in Management
Employees