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Corporate responsibility report 2006 > Chief Executive's introduction
Corporate responsibility report 2006
Chief Executive's introduction
Smiths at a glance
Managing corporate responsibility and business ethics
Proper and respectful treatment of employees
High standards for health and safety in the workplace
Respect for the environment
Contributing to the communities in which we live and work
Assurance statement
Summary financial performance
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Chief Executive's introduction
Welcome to the first consolidated corporate responsibility report from Smiths. Over the last few years we have reported on some corporate responsibility issues in our annual report and accounts, and produced separate environment, health and safety reports. Our aim in this consolidated format is to demonstrate how the principles enshrined in our Code of Corporate Responsibility and Business Ethics (the Code) are implemented consistently across the business, helping everyone at Smiths to do business the right way.
The Smiths 12 principles outlined in the Code
  1. Compliance with national laws and regulations
  2. Fair and vigorous competition in the marketplace
  3. Integrity and ethical conduct as the standard for individual and corporate business behaviour
  4. Fair and honest treatment of suppliers and customers
  5. Proper and respectful treatment of employees
  6. High standards for health and safety in the workplace
  7. Respect for the environment
  8. Contributing to the communities in which we live and work
  9. Engaging appropriately with government departments and agencies
  10. Respect for human rights
  11. Prudent and transparent public accounting and reporting
  12. A culture of compliance throughout the entire Smiths organisation – from the Chief Executive to the newest employee
Reporting on our principles
We are proud of our reputation and will report progress on all our principles. However, having only recently launched the Code, we have some way to go before we have comprehensive data from across the business on all twelve principles. Notwithstanding, in this first year, we are focusing on those responsibilities on which we have something significant to report – our employees, health and safety, the environment, and the communities in which we operate.

In the coming year we will be continuing our dialogue with key stakeholders across Smiths to develop a better understanding of our corporate responsibilities. Building on this understanding, we will, in future years, report on more of the responsibilities outlined in the Code and on our progress.

Corporate responsibility in 2006
Whilst we were very pleased to be included in the Global 100 Most Sustainable Corporations in the World, we know that there is more work to be done. This report gives us an opportunity to share highlights of the work and activities from around the Smiths world and I hope you enjoy reading it.

 
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