From intergrated annual report for year ended 31 December 2017
Bell Equipment values its stakeholder relationships and appreciates the need and responsibility to create mutual value through nurturing enduring and sustainable partnerships with its stakeholders. The board retains oversight of stakeholder management, while implementation and monitoring of stakeholder engagement is devolved to the various management teams within the group. Each of the group’s operations engage with their diverse range of stakeholders based on the group’s core values of respect, honesty and integrity.
The Bell Equipment brand is the essence of who it is in the market place. Bell Equipment uses its brand to differentiate itself through its people-centric approach to business and by promoting the 1-BELL philosophy internally and nurturing it externally, thereby adding value to all of its stakeholders.
Effective stakeholder engagement is the core element of a sustainable enterprise and as such this report incorporates key sustainability elements. Bell Equipment has identified its material stakeholder groups and prioritised their concerns as part of its risk management activities. The group’s stakeholder engagement strategies, systems and processes continue to be enhanced to enable Bell Equipment to better understand
and respond to its stakeholders’ legitimate concerns and to form collaborative partnerships to find solutions to collective challenges. By delivering products that provide long term affordability, performance, efficiency and reliability to customers, whilst decreasing negative environmental impacts and increasing economic sustainability for the group, Bell Equipment is ensuring the sustainability of its business
and the success of its stakeholders.
Bell Equipment’s approach to corporate sustainability has been enhanced by focusing on the six capitals and understanding the value created by the group through the use of these six capitals.
Through carefully identifying the interests and expectations of each stakeholder group Bell is able to create value through the use of the relevant capital/s, thereby striving to ensure sustainability of its business.
The use of six capitals in respect of stakeholder engagement is further illustrated in the following tables and information.