Vision 2030 Jan. 2012 | Page 47

well-located quality operations and good regional market positions with the potential to develop into integrated building materials businesses over time. In the mid-1990s, CRH applied this approach to its entry into the Polish market where it is now the leading integrated building materials company. In 2007 and 2008, CRH established two new platforms in China and India to ensure it is well placed to capitalise on economic growth in these key developing economies. While developing its business interests in emerging markets, CRH fully maintains its focus on the areas where it has long been a leader. In developed-world economies, CRH’s strategic focus is to continue to reinvest in its established platforms for operational efficiency, product quality and customer service, and to develop these businesses further. In Ireland itself, CRH’s commitment to world class operating standards is symbolised by the recent multi million euro investment at the Irish Cement plant in Platin, Co. Meath. Significant energy efficiencies, clinker factor improvements and emissions reductions are being achieved at the plant, which now produces lower carbon “green” cements. Corporate Social Responsibility is fully embedded as an integral component of CRH’s performance and growth strategy. This commitment is focused on four specific areas of business: corporate governance, environment & climate change, health & safety and social performance. In each of these areas, CRH has clearly defined Group policies, objectives, implementation programmes, review procedures and reporting mechanisms. CRH’s proven commitment to managing all aspects of operations relating to its many stakeholders in this ethical and responsible manner has resulted in its high ranking by leading Socially Responsible Investment rating agencies. CRH believes that meeting the expectations of stakeholders across the broad sustainability and corporate responsibility agenda is positive for its business and enhances its strong corporate performance. As regards climate change, CRH has committed to a 15% reduction in specific CO 2 cement plant emissions by 2015 compared with the 1990 specific emissions for the same portfolio of plants. In addition, many of CRH’s products are ideally suited to climate change mitigation and adaptation. The success of CRH is founded on the exceptional commitment and capability of its management and staff together with the culture of performance which characterises CRH throughout its widespread operations. With its geographic spread and a federal organisational structure, there is strong management commitment to both the local company and to the CRH Group. This is supported by best practice teams that share experience and know-how across products and regions. Such a “global but local” management philosophy motivates local entrepreneurship, while maintaining and benefiting from Group synergies. As an Irish success story, CRH takes pride in applying its strong corporate identity and culture across its operations and provides significant opportunities for Irish graduates to develop skills in the global market place. Ireland has proved to be the ideal base for CRH. As Ireland moves forward in the years ahead, CRH will maintain its focus on management development, operational excellence and commercial delivery to ensure its businesses throughout the world are strongly positioned to continue to deliver value for all stakeholders. 45