BALFOUR BEATTY PLC.
BBY.LSE | Construction of buildings
Balfour Beatty PLC is a leading international infrastructure group. The company finances, develops, builds and maintains complex infrastructure such as transportation, power and utility systems, and social and commercial buildings. Balfour Beatty operates across the United Kingdom, the United States...Show More
Better Health for All
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Balfour Beatty constructs healthcare facilities, including temporary hospitals, demonstrating a strategic focus on health-positive impact.
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The company received one railroad safety violation in 2024.
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, but actively focuses on protecting the traveling public, recognizing 'Live Traffic' as a fatal risk, and implemented digital permits in 2024 which contributed to a 30% reduction in service strikes.
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They also utilize AI and human form recognition cameras to enhance work zone safety, claiming to lead the industry in safety performance.
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For a residential tower project, Balfour Beatty achieved a 65% reduction in construction waste and noise, and a 60% decrease in traffic loading, alongside a general focus on mitigating risks to the public from live traffic in work zones.
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During the COVID-19 pandemic, the company swiftly mobilized to deliver critical facilities, including the temporary NHS Louisa Jordan Hospital in Glasgow and 700 COVID-19 quarantine units in Hong Kong within 87 days.
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Balfour Beatty achieved ISO 45003 accreditation in December 2024, the first global standard for managing psychological health and safety at work, and won the 'Best Mental Health in the Workplace Strategy' Award in 2024.
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The company supports Mates in Mind, has trained approximately 600 mental health first aiders, delivered 10,000 'Start the Conversation' sessions, and held a Social Prescribing Festival for 1,550 community members on mental health and wellbeing.
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Fair Money & Economic Opportunity
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Balfour Beatty PLC is an international infrastructure group that finances, develops, builds, and maintains infrastructure.
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Its core business does not involve offering lending, deposit, or other consumer financial services. Therefore, all KPIs related to financial products, customer financial outcomes, or financial inclusion programs for external low-income, SME, or micro-segments are not applicable to the company's operations.
Fair Pay & Worker Respect
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Balfour Beatty's median gender pay gap was 22.6% in 2024, indicating women earned 77.4% of men's median pay.
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This represents a 7% reduction in the pay gap since reporting began in 2017/18.
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The company recorded four substantiated labor-law or human-rights violations in the past three years (2022-2024), including one employment discrimination, one wage and hour violation, one workplace safety or health violation, and one railroad safety violation.
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The company's Lost Time Injury Rate was 0.12 in 2020.
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Fair Trade & Ethical Sourcing
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No evidence available to assess BALFOUR BEATTY PLC on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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Balfour Beatty pleaded guilty to federal fraud charges in 2021, involving intentional falsification of records and deceptive practices against the US military, resulting in $65 million in fines and restitution.
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Following this, the company is under supervision for three years by an independent compliance monitor.
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Despite this, the company has a clear, comprehensive anti-corruption policy, communicated widely, with board and senior management leading implementation, and ethics and compliance training for all employees.
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The company operates an externally administered, widely publicized "Speak Up" helpline.
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In 2024, 495 Speak Up cases were received, an 11% increase from 2023, and 75% of responding UK and US employees felt empowered to raise concerns without fear of negative consequences.
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The company's audit procedures covered 98% of Group revenue.
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Kind to Animals
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No evidence was found in the provided articles pertaining to Balfour Beatty PLC's performance on the 'Kind to Animals' ethical value. The articles provided relate to Best Buy, not Balfour Beatty PLC.
No War, No Weapons
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Balfour Beatty is involved in the defense sector, delivering projects for the UK Ministry of Defence, including at the Atomic Weapons Establishment (AWE) and Babcock at Devonport.
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The company is also a construction partner for Rolls-Royce Submarines Limited's expansion in Derby, and has worked in operational nuclear environments like Sellafield.
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In the US, Balfour Beatty has been a partner in the Military Housing Privatization Initiative for over 20 years, constructing, renovating, and managing over 43,000 military homes.
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While these activities indicate involvement in defense and dual-use sectors, the provided articles do not offer specific quantitative data points, such as the percentage of revenue derived from these contracts or the scope of R&D investment in dual-use technologies, which are required to score the relevant KPIs.
Planet-Friendly Business
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Total Scope 1, 2, and 3 greenhouse gas emissions for 2024 were 5,896,829 tCO2e.
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The company's carbon reduction targets are validated by the Science Based Targets initiative (SBTi), including near-term (2030) and long-term (2050) targets, with interim milestones such as a 42% reduction in Scope 1 and 2 emissions by 2030 and a 25% reduction in Scope 3 purchased goods and services emissions by 2030.
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Balfour Beatty was not subject to any prosecutions by environmental regulators in 2024.
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The Group continues to set out its climate-related risk and opportunity disclosures aligned with the 11 core elements of the TCFD guidance.
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It utilizes IPCC AR6 SSP 2–4.5 and SSP1–2.6 projections for physical scenarios, and IEA World Energy Outlook 2021 Stated Policies and Sustainable Development scenarios for transition scenarios, aligning its decarbonisation pathway with a 1.5°C goal.
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Approximately 11.1% of its key UK supply chain partners have established their own science-based targets.
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The company currently does not offset any greenhouse gas emissions from its operations.
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Its net-zero target for Scope 1, 2, and 3 emissions is 2050, and for Scope 1 and 2 emissions is 2045.
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Respect for Cultures & Communities
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Balfour Beatty operates a confidential Speak Up helpline and portal, an external service administered by an independent company, available to business partners, third parties, and anyone with concerns
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. This mechanism covers issues including human rights breaches and environmental damage
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, treating all concerns confidentially
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and allowing anonymous reporting with a guarantee of no retaliation
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. There are no reported cultural appropriation incidents.
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Safe & Smart Tech
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Balfour Beatty invested £7.2 million in Microsoft 365 Copilot.
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The company processes personal data in accordance with the Data Protection Act 2018 and the General Data Protection Regulation (EU 2016/679).
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The £7.2 million investment represents approximately 0.177% of its £4.06 billion turnover in 2023.
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Its IT environment is described as compliant.
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Zero Waste & Sustainable Products
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Balfour Beatty diverts 99.5% of waste away from landfill.
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The company utilizes significant recycled content in its projects, with M25 schemes using 90-94% recycled aggregate
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and EcoSheetPiles made from 100% recycled materials.
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Balfour Beatty has implemented numerous waste reduction initiatives, including applying lifecycle principles, reducing materials through better design, eliminating single-use plastics in offices, and developing a circular economy. The company has set company-wide waste reduction targets with timelines, such as a 40% reduction in waste generated per £1 million of revenue by 2030,
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eliminating non-hazardous excavation waste to landfill in the UK by 2030,
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and achieving zero avoidable waste in the UK by 2040
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and in the US by 2050.
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It also achieved a previous target of a 40% reduction in waste generated per £1 million of revenue in the UK.
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All UK suppliers and subcontractors engaged to manage waste are subject to Supplier Sustainability Conditions.
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Furthermore, Balfour Beatty was not subject to any prosecutions by environmental regulators in 2024.
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Circular design principles are applied to several product categories, with the company implementing design-driven circular economy principles to eliminate waste and pollution, circulate materials at their highest value, and design for de-construction, rethinking processes from the design stage.
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