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The Board of Breedon Group plc have provided a statement under s172(1) of the Companies Act 2006 which can be found on pages 95 to 99 of the 2024 Annual Report. The statement identifies key examples of decisions taken by the Board, how stakeholders were considered in that decision making process and how these decisions are connected to our business model and overall corporate strategy.
See below for the statements made by the Boards of Directors of certain Breedon Group companies regarding the performance of their duties under s172(1) (a) to (f) of the Companies Act 2006.
The Board of Breedon Cement Limited is of the opinion that it has acted in a way which would be likely to promote the success of the Company for the benefit of stakeholders through the decisions it has taken in the year to 31 December 2024.
Stakeholder engagement provides the Board with insight as to what matters most to our stakeholders. The board values the feedback that this engagement provides which allows us to build trust, balance interests, needs and concerns, and make better decisions for all those affected.
The Board recognises the critical role stakeholders play in the long-term success of the Company and is committed to building sustainable and resilient relationships with them.
The Board considers the Company to have four distinct groups of key stakeholders. These groups and examples of how the Board has considered their interests in the year are set out below:
Colleagues - Improved engagement with colleagues ensures we develop, motivate and retain our valued workforce while promoting and attracting new colleagues who want to work for us. All colleagues are offered a fair benefits and compensation package relative to their role and level in the organisation.
Customers and suppliers - Engaging with our customers helps us deliver excellent customer service and build relationships to enable us to get the right product, to the right place, at the right time for the right price. Engaging with our suppliers helps us deliver a sustainable supply chain and circular economy. The Company recognises the significant role its suppliers play in continuing our success. We endeavour to maximise value from our suppliers and work with them to support the delivery of our customers’ needs.
Communities - Positive engagement with our communities ensures that we understand and take into account their concerns and needs so that we can address these and improve the communities that we live and work in. Our businesses have active liaison programmes with the communities in which they operate, and they seek to take into account their interests and concerns in their operational activities.
Regulators, local government, and industry associations - Through our engagement we are able to respond and contribute to sector needs and requirements, deliver on compliance and regulatory standards, and have input in their development. We are committed to adherence of our legal and regulatory obligations. We actively support our industry representatives in pursuing the best regulatory regime for our business.
The Board of Breedon Trading Limited is of the opinion that it has acted in a way which would be likely to promote the success of the Company for the benefit of stakeholders through the decisions it has taken in the year to 31 December 2024.
Stakeholder engagement provides the Board with insight as to what matters most to our stakeholders. The board values the feedback that this engagement provides which allows us to build trust, balance interests, needs and concerns, and make better decisions for all those affected.
The Board recognises the critical role stakeholders play in the long-term success of the Company and is committed to building sustainable and resilient relationships with them.
The Board considers the Company to have four distinct groups of key stakeholders. These groups and examples of how the Board has considered their interests in the year are set out below:
Colleagues - Improved engagement with colleagues ensures we develop, motivate and retain our valued workforce while promoting and attracting new colleagues who want to work for us. All colleagues are offered a fair benefits and compensation package relative to their role and level in the organisation.
Customers and suppliers - Engaging with our customers helps us deliver excellent customer service and build relationships to enable us to get the right product, to the right place, at the right time for the right price. Engaging with our suppliers helps us deliver a sustainable supply chain and circular economy. The Company recognises the significant role its suppliers play in continuing our success. We endeavour to maximise value from our suppliers and work with them to support the delivery of our customers’ needs.
Communities - Positive engagement with our communities ensures that we understand and take into account their concerns and needs so that we can address these and improve the communities that we live and work in. Our businesses have active liaison programmes with the communities in which they operate, and they seek to take into account their interests and concerns in their operational activities.
Regulators, local government, and industry associations - Through our engagement we are able to respond and contribute to sector needs and requirements, deliver on compliance and regulatory standards, and have input in their development. We are committed to adherence of our legal and regulatory obligations. We actively support our industry representatives in pursuing the best regulatory regime for our business.
The Board of Whitemountain Quarries Ltd is of the opinion that it has acted in a way which would be likely to promote the success of the Company for the benefit of stakeholders through the decisions it has taken in the year to 31 December 2024.
Stakeholder engagement provides the Board with insight as to what matters most to our stakeholders. The Board values the feedback that this engagement provides which allows us to build trust, balance interests, needs and concerns, and make better decisions for all those affected.
The Board recognises the critical role stakeholders play in the long-term success of the Company and is committed to building sustainable and resilient relationships with them.
The Board considers the Company to have four distinct groups of key stakeholders. These groups, and examples of how the Board has considered their interests in the year, are set out below:
Colleagues - Improved engagement with colleagues ensures we develop, motivate and retain our valued workforce while promoting and attracting new colleagues who want to work for us. All colleagues are offered a fair benefits and compensation package relative to their role and level in the organisation.
Customers and suppliers - Engaging with our customers helps us deliver excellent customer service and build relationships to enable us to get the right product, to the right place, at the right time for the right price. Engaging with our suppliers helps us deliver a sustainable supply chain and circular economy. The Company recognises the significant role its suppliers play in continuing our success. We endeavour to maximise value from our suppliers and work with them to support the delivery of our customers’ needs.
Communities - Positive engagement with our communities ensures that we understand and take into account their concerns and needs so that we can address these and improve the communities that we live and work in. Our businesses have active liaison programmes with the communities in which they operate, and they seek to take into account their interests and concerns in their operational activities.
Regulators, local government, and industry associations - Through our engagement we are able to respond and contribute to sector needs and requirements, deliver on compliance and regulatory standards, and have input in their development. We are committed to adherence of our legal and regulatory obligations. We actively support our industry representatives in pursuing the best regulatory regime for our business.
