Audit Committee Overview
BAE SYSTEMS
| Responsible & sustainable operations
Our Operations
Our Suppliers
•
.
Employee safety & wellbeing are our priority
Our productivity rate was 27% higher than UK national average in 2018 (1)
We engage with over 22,000 suppliers worldwide
We contributed £9.3 billion to the UK's GDP in 2018 and helped create over 120,000
FTE jobs (1)
A workplace culture
upholding high
standards of ethics,
safety and inclusion
Positively contributing
to social & community
impact
Responsible
supply chains & open
innovation
Our Actions & Progress
• Speak-up policy with >160 Ethics officers and a 24-hour
Ethics helpline
• Detailed policies on bribery and anti-corruption and
industry-leading standards
• Executive sponsored Employee Resource Groups to
support inclusion
⚫ c.700 apprentices and 500 graduates in UK in 2019; engaging
children and young adults in STEM subjects
• Community Investment Policy - contributed >£11m to local,
national and international charities in 2019
• Support through technology, materials, and facilities for Covid
Response
Supplier relations governed by our Responsible Supplier
Principles & Product Trading Policy that specifically considers
Human Rights impacts
• Funded 50+ innovative SMEs to access and mature future
capability for our business
Our Commitments
Year on year reduction in
safety incidents (linked to
Exec remuneration)
Roll out annual Business
Conduct scenario-based
training to all employees
Increase representation of
women and other
minorities
Extend supplier audit
program to further embed
Supplier Principles
(1) Source: Oxford Economics - The contribution of BAE Systems to the UK Economy - published September 2019
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