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Ethics

Balfour Beatty employs over 30,000 people worldwide, each one an ambassador for the company. The company's expectations of all employees are clearly and explicitly communicated.

In short, Balfour Beatty people are expected to understand and abide by the company's core values and its principal commitments. To work hard, be reliable, conscientious and approachable. To be proud of their company and motivated to contribute to and share in its success. In return, they are supported by the company in their efforts to do their jobs to the best of their ability.

There is a Group-wide whistle blowing policy in place. During 2006, eight cases were raised and these have been addressed and successfully concluded. The Forum, established in October 2004, is an alliance of UK business institutions, organisations and businesses with interests in the domestic and international infrastructure, construction and engineering sectors.

Business Conduct Guidelines were produced in 2006. These explain, in detail, required behaviour. In 2007, all Group employees will receive training on these guidelines to ensure that they are fully embedded in the organisation.

Stakeholder Codes of Practice All operating company managers through the Group have a code of practice in respect of how they are expected to manage their relationships with all key stakeholder groups, including their employees.

In respect of employees, these requirements cover recruitment objectives, processes and systems, and to always operate within appropriate legal and regulatory frameworks. It also requires managers to evaluate the performance of every employee, resolve any employee disputes at the earliest possible stage and to communicate openly, regularly and accurately with all employees.

Further, it requires managers to behave ethically in all respects, including honouring agreements and to act, always, in a non-discriminatory manner. These principles cover the full life-cycle of the company's relationship with its people from recruitment to retirement.

There is a Group-wide whistle blowing policy in place. During 2006, eight cases were raised and these have been addressed and successfully concluded.

We are members of the Institute of Business Ethics and work closely with the Anti-Corruption Forum. The Forum, established in October 2004, is an alliance of UK business institutions, organisations and businesses with interests in the domestic and international infrastructure, construction and engineering sectors.

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