Stephen Bird, Group Chief Executive, explains how Vitec tackles social, ethical and environmental issues and our ambitions for the future.
Over a three-year period, my aim is for Vitec to positively impact one disadvantaged person for every
Vitec employee in the communities in which we operate.
Stephen Bird, Group Chief Executive
During 2018 we acquired three new businesses which add significant value to our overall strategy and now, more than ever, Vitec is becoming increasingly geographically and demographically diverse. This is an exciting time for technology in the “image capture and content creation” market, and our products are being used by a wider range of customers through a wider variety of mediums. Vitec’s adaptability and ability to move quickly means that we will continue to evolve as the demands and expectations of our customers change.
We are a small company, but with a global footprint, and we take our corporate responsibility extremely seriously. Our strategy looks at the ability to grow organically as much as possible; how we can improve our margins, for example by creating operating efficiencies throughout our Divisions; and to have a clear M&A strategy through which we serve the needs of our exacting customers. This strategy affects everything we do – how we do business, who we do business with, where we operate, the communities we are embedded in and is also reflected by our employees who understand the importance of the right values and behaviours when carrying out their roles at Vitec.
Our Code of Conduct is key in our Business Model to ensure Vitec’s long-term success. In early 2018 we updated our Code of Conduct, as well as our Health and Safety and Diversity Policies. In 2017, we issued for the first time, our Statement on the UK Modern Slavery Act 2015, which confirms our zero-tolerance approach to ensure our supply chain is free from slavery and human trafficking.
I know how much our employees value giving back to the communities where we all work and live, and at the same time, social, ethical and environmental issues are more important than ever to the society we live and work in.
Although Corporate Social Responsibility (“CSR”) activities are prioritised and implemented by each Division, the Group strategy is to focus all CSR activities on investing in projects where the power of images specifically, or the creative arts more generally, can be used to help underprivileged people.
Over a three-year period, my aim is for Vitec to positively impact one disadvantaged person for every Vitec employee in the communities in which we operate. So, 1,800 students or young people by 2021, or 600 each year. We will report on progress with this in future annual reports.
All over the world, our people have given their time and money for people in need. You can read about these initiatives and more in the Annual Report.
Group Chief Executive