Creating value and the proper evaluation of our costs and risks are a crucial business activity. Sustainability issues must be integrated into these processes to fully evaluate our operations.
Details of how we have generated value for our customers and our approach to risk management is summarised in our Annual Report and Accounts:
• See the Risk Management section on page 28 of our Annual Report 2005;
• Also see our Chief Executive’s Review.
Some examples of mitigating risk and creating value through opportunities through our business operations include:
• At the Paddington Walk Project where continual dialogue takes place with communities on providing safe, secure and affordable accommodation. All Carillion Building Projects are also members of the Considerable Constructors Scheme (CCS) and performance is consistently above the industry average;
• Another example is of the Piccadilly Place project where a 3 storey and basement car park was built. Extensive discussions took place with all local authorities and bodies, as there was a main aquifer across the site, which nobody was aware of therefore the risk of polluting the aquifer, existed; and
• Our Building Schools for the future and urban regeneration bids are opportunities. We talk to clients about understanding our impacts in these areas and about changes in legislation.
