Responsible Business Strategy
Our responsible business strategy is focused on five pillars: People; Community; Environment; Innovation and Supply Chain. For more details see the ESG section of the Annual report and accounts (starting page 42).
OXB’s ESG Committee is responsible for the governance and oversight of our ESG commitments.
The ESG Committee is responsible for tracking progress against the objectives and providing regular progress reports to the Corporate Executive Team every quarter. Progress updates are also shared in all-company meetings, and to the Board.
Values
OXB’s four values, “Responsible, Responsive, Resilient and Respect”, govern the way that OXB does business, how OXB works together, and the interactions OXB has with all its stakeholders.
OXB’s values and the associated behaviours are embedded throughout its people processes, including recruitment practices, seeking evidence that job candidates share the Group’s values upon appointment. The values are an important feature in the Group’s reward principles. Its performance management processes ensure that employee behaviours which align with its values are appropriately recognised and rewarded.
Our commitment to responsible business practices has been recognised with Prime status (as of 25 June 2021).
ISS ESG is the responsible investment arm of ISS and one of the world’s leading rating agencies for sustainable investments. Prime status is awarded to companies with an ESG performance above the sector-specific Prime threshold, which means that they fulfil ambitious absolute performance requirements. For more info: https://www.issgovernance.com/esg/ratings/
The Group’s commitment to responsible business practices were recognised with inclusion in the FTSE4Good index in June 2022. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
