Chairman's Statement on the Report 2010
The announcement of our new Value and Values strategy was certainly one of the year’s most important developments. It was significant because it signaled the end of the transformation of our portfolio – a complex period of integration and restructuring – and the dawn of a new era. One of accelerated and sustainable growth. These “Value” ambitions are underpinned by strategic “Values”, which ensure that growth will be achieved responsibly and sustainably.
Sustainability continued to be a high priority during 2010,emphasized by the integral role it has to play in our new growth strategy. We maintained our excellent performance and were again ranked as one of the leaders in our industry, demonstrating our commitment not just to growing, but to growing in the right ways. Our innovative pipeline also continued to produce a wide range of eco-premium solutions that have made an immediate impact, such as Dulux Weathershield SunReflect, a paint which lowers the temperature of external walls and reduces the need for air conditioning.
We also realize that there are areas where we need to improve.For example, we know we can do even better when it comes to safety and are making a concerted effort to achieve a top quartile performance. Similarly, our employee programs are being stepped up to improve engagement and encourage talent development. Creating an engaged workforce is central to our new strategy and we are working hard to stimulate a climate of confidence, cooperation and co-creation.
Visit the 2010 Report website for full details about our sustainability performance.