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Friday 22nd March 2013
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updated 2.38pm, Tuesday 5th May 2020
22 March 2013
The support services and construction giant's SustainAbilities plan, published this week, contains a series of targets for the next seven years.
The company said sustainability performance would be measured not only in financial terms but using 'four capitals' that capture the impact of its activities.
These four capitals are:
Interserve group finance director and head of sustainability Tim Haywood told FM World: "What I want to do is to give our non-financial measures the same rigour, discipline, plausibility and visibility as our financial measures.
"By 2018, our aim is to be reporting on all four capitals for half of our work."
He added: "It's easy to measure the cost, but what we want to be doing is agreeing on a metric to measure [the value] that that we can use in a business proposal."
Interserve's targets for 2014 include to provide 1,000 work placements to schoolchildren annually and to increase reuse of construction waste by 15 per cent.
By 2016, it plans to have 15 per cent of employees donating time to benefit local communities, and cut its office waste in half.
The firm wants to create 500 apprenticeships by 2018 alongside reducing voluntary employee turnover by 10 per cent.
By 2020, Interserve aims to invest 3 per cent of its profits into local communities and halve absolute carbon emissions.
Interserve aims to halve its carbon emissions by the end of this decade.
The support services and construction giant's SustainAbilities plan, published this week, contains a series of targets for the next seven years.
The company said sustainability performance would be measured not only in financial terms but using 'four capitals' that capture the impact of its activities.
These four capitals are:
- Natural capital - stewardship of energy and natural resources
- Social capital - health and wellbeing of employees and the community
- Knowledge capital - nurturing talent, enabling innovation and increasing the skill-base of society
- Financial capital - effective management of risk, reducing cost and realising new opportunities for growth.
Interserve group finance director and head of sustainability Tim Haywood told FM World: "What I want to do is to give our non-financial measures the same rigour, discipline, plausibility and visibility as our financial measures.
"By 2018, our aim is to be reporting on all four capitals for half of our work."
He added: "It's easy to measure the cost, but what we want to be doing is agreeing on a metric to measure [the value] that that we can use in a business proposal."
Interserve's targets for 2014 include to provide 1,000 work placements to schoolchildren annually and to increase reuse of construction waste by 15 per cent.
By 2016, it plans to have 15 per cent of employees donating time to benefit local communities, and cut its office waste in half.
The firm wants to create 500 apprenticeships by 2018 alongside reducing voluntary employee turnover by 10 per cent.
By 2020, Interserve aims to invest 3 per cent of its profits into local communities and halve absolute carbon emissions.
