Sustainability Report - Leighton Asia

More documents

Recommendations

Info

Be commercially competitiveWe work efficiently, respond to our markets,optimise profits, deliver on time and maximiselocal expertise.PracticeAt Leighton Asia, we aim to work to peak efficiency to optimisestakeholder and shareholder profits by delivering on time underthe guidance of the local expertise we employ at each project,this in accordance with company practice.With a primary focus on providing professional project delivery,we systematically manage projects to maximise value for allstakeholders, comply with relevant laws and contractualobligations, assigning sufficient resources to provide the desiredlevel of service to clients and achieve required standards.To this end we provide appropriate training for employees andsubcontractors to improve service to clients and projectdelivery. We set targets and review results on a regular basis toensure continuous performance improvement and to ensure thatour quality management system is in accordance withISO 9001:2000.Value workshopsOur core values are at the very heart of, and form thefoundation of, a corporate philosophy that has witnessed thegrowth and success of the company across the region. Thesevalues define an understanding of who we are, how we behaveand what we do. We have identified major behaviours for thesecore values and how they correlate with our strategic intents,namely, local knowledge, international experience and focuson success.To this end, we have identified representatives from eachregion as Value Champions to further promote our core valuesand corporate philosophy. The team holds regular workshopsto exchange ideas and formulates best practices in order toguarantee the provision of superior service in relation to currentand future projects.Managing Directors’ RoadshowIn 2008, Leighton Asia managing director Hamish Tyrwhitt,together with the executive team, conducted a ManagingDirector’s Roadshow at nine locations across the region,including Ho Chi Minh City, Beijing, Masbate, Manila, Bangkok,Macau, Hong Kong, Guam and Phnom Penh, at which all staffacross the region were presented with a review of the company’sstrategic direction for the future.The Roadshow conveyed a number of key messages, includingcommunicating our business strategy and the importance ofcommitment to living our core values. Reinforcing the need tobe commercially competitive, the Roadshow also emphasisedthe need for the company to continue attracting and retainingthe right people and the provision of ongoing support anddevelopment to all staff in order to implement planningprocesses with a focus on clients and key stakeholders, resultingin continued business growth and stronger career opportunitiesfor staff.Risk managementA major component of Leighton Asia’s business, both strategicallyand throughout project delivery in achieving sustainability,is risk management.Pre-contract management groups are responsible for businessdevelopment and securing projects. This process involves acontrolled approval process and commercial and technicalrisk reviews. Post-contract management groups are responsiblefor the project delivery involving the management of riskand opportunity.The company’s risk management processes and guidelines are inline with AS/NZS:4360 and these processes and guidelines arealigned with the risk management guidelines provided byLeighton Holdings’ risk management group. These include limitsof authority, types of acceptable risk exposure and financial levelsof acceptable risk.
In addition, Leighton Asia conducts monthly reviews of reportedrisks and opportunities, including business development andsecured contracts in relation to both current and completedprojects if not closed out.A look at Leighton Asia’s performanceIn 2008 Leighton Asia successfully secured a number ofcontracts which resulted in a strong order book at the end ofthe financial year.In the 2008 financial year, Leighton Asia’s total revenuewas US$392 million, a 42% increase on the previous year.At 30 June 2008, work in hand was US$671 million,a 29% increase compared with the previous year.Looking forward, Leighton Asia is in a strong position withcontinued strong prospects for the next few years. Our spreadof work across the Asia region and across different marketsectors provides diversification. Diversity is a key element ofour business strategy and helps us manage through the cyclicalnature of our markets.During 2008 we have established a presence in Guam tocapitalise on the future US Defence buildup, and also inMongolia where we look forward to participating in thedevelopment of the country’s resource sector.Additionally, Leighton Asia is building a marine pipeline laybargeand is looking to acquire other resources to compliment andsupport our capabilities to undertake marine works throughoutthe region. We are also focusing on the continued developmentof our tunnelling resources to support our position as asignificant tunnelling contractor.The future bodes well for Leighton Asia, with record levelsof work in hand and with a resource well managed team toexecute construction works across the region.Total RevenueUS$ millionTotal RevenueUS$ millionWork in HandUS$ millionWork in HandUS$ millionManaging Risk & OpportunityFull Audit TrailCustomisableMonitor and ControlMitigateReportsand ReportRequirementandProject ToolEstablish RequirementsContinuous feedbackloopAssessIntegrationand ApproveProactiveEmail AlertsTotal RevenueUS$ million04275053240427506353053240727606353083920727608392Work in Hand04Identify & Evaluate644054460464406337054460751906337086710751908671Knowledge BaseUS$ million
Page 1 and 2: SustainabilityReport2008
Page 3 and 4: MD’s messageIt is my great pleasu
Page 5: Our values form our foundationsOrga
Page 12 and 13: Create a fun, challenging andWe cel
Page 14 and 15: Protect the environmentOur mandate
Page 16 and 17: Recognise the needs of the coLeight
Page 18 and 19: Encourage innovation and tecWe chal
Page 20: Leighton Asia’s core values defin

Sustainability Report - Leighton Asia

Create successful ePaper yourself

Delete template?

Save as template?