Melrose Industries PLC 2020 AR2
The report highlights Melrose Industries PLC's performance during the challenging 2020 fiscal year, which was heavily impacted by the COVID-19 pandemic. Despite a decline in statutory revenue to £8.8 billion and a statutory operating loss of £338 million, the company generated record adjusted free cash flows of £628 million, representing a 6% increase from 2019. Melrose made significant progress in reducing the GKN UK defined benefit pension scheme deficit by over 80% since acquisition. On the sustainability front, the Group achieved an 11% reduction in greenhouse gas emissions across its facilities compared to 2019 and continued investing in key green technologies, such as GKN Aerospace's H2Gear hydrogen propulsion project.
Company: Melrose Industries PLC
Sector: Manufacturing
Country: United Kingdom
Year: 2020
Type: AR2
Pages: 111
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Melrose Industries PLC
Annual Report
The report highlights Melrose Industries PLC's performance during the challenging 2020 fiscal year, which was heavily impacted by the COVID-19 pandemic. Despite a decline in statutory revenue to £8.8 billion and a statutory operating loss of £338 million, the company generated record adjusted free cash flows of £628 million, representing a 6% increase from 2019. Melrose made significant progress in reducing the GKN UK defined benefit pension scheme deficit by over 80% since acquisition. On the sustainability front, the Group achieved an 11% reduction in greenhouse gas emissions across its facilities compared to 2019 and continued investing in key green technologies, such as GKN Aerospace's H2Gear hydrogen propulsion project.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees