Corporate Responsibility

Commitment to sustainable business

Corporate responsibility remains an important area of focus for Vitec. This is reflected by our employees who understand the importance of the right values and behaviours  when carrying out their roles at Vitec. It involves dealing with all our stakeholders – including customers, suppliers, shareholders, local communities in which we operate and with our own employees. The values and behaviours of our employees underpin our Business Model to ensure Vitec’s long-term success.

The Vitec Mindset

We have a clear purpose that is supported by five values, namely:

To provide vital products and services that enable the capture and sharing of exceptional images.

> Product excellence – everything we make and do is exceptional

> Customer focus – we are nothing without our customers    

> Creative solutions – we are constantly looking to break new ground

> Collaboration – we work better when we work together                      

> Integrity – what you see is what you get

The Board has overall responsibility for corporate responsibility and considers and approves our key policies, including our Code of Conduct, Environmental Policy and Health and Safety Policy. These policies set a standard for all businesses and employees worldwide. All of these policies are available on our website and are central to our approach on corporate responsibility.

The Board has delegated the coordination of our corporate responsibility efforts to me and, with the Operations Executive and senior management, we focus our efforts on the areas of business ethics, employees, community and charity, and environment. The size of our Group dictates that our approach to corporate responsibility must be flexible and pragmatic, focusing our resources where necessary to comply with legal requirements and to support our purpose. The Board and Operations Executive regularly consider the Group’s reputation and measures progress against our corporate responsibility objectives. Examples include: monthly health and safety performance reviews to learn important lessons in this vital area; whistleblowing reports independently investigated, with action taken where necessary; and regular training of employees ensuring the right corporate culture and good governance.

In 2017, we plan to recommunicate our Code of Conduct to all employees and to our major suppliers and customers to ensure that our supply chain is robust and that there are no reputational issues associated with it. We will undertake further training of our employees in this area to ensure our values are well understood. We will also publish our statement in compliance with the UK’s Modern Slavery Act that will confirm our commitment to ensuring that our supply chain is free from matters relating to slavery and human trafficking and reinforces our zero tolerance approach. We will continue our review of  health and safety procedures to improve working practices and to ensure a safe and healthy working environment for all our employees and third parties on our sites. We will continue to focus on diversity, talent development and succession planning to ensure we have the best talent and resources to deliver on our strategic objectives. Progress against each of these will be reported on in the 2017 Annual Report.

Stephen Bird
Group Chief Executive

CR Report

Click on the link below to read the Corporate Responsibility section of our Annual Report 2016.

> Download the CR Report PDF

Governance

Chairman John McDonough responds to questions on Vitec's corporate governance.

> Find out more

FTSE4Good

FTSE Group confirms that The Vitec Group plc has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index company FTSE Group, FTSE4Good is an equity index series that is designed to facilitate investment in companies that meet globally recognised corporate responsibility standards.

Companies in the FTSE4Good Index Series have met stringent environmental, social and governance criteria, and are positioned to capitalise on the benefits of responsible
business practice.

> Visit the FTSE website

Business Ethics

> Find out more

Environment

> Find out more

Employees

> Find out more

Communtiy

> Find out more

Code of conduct

> Find out more