What are Mission Vision & Core Values of Balfour Beatty Company?

The Balfour Beatty mission is centered on leaving a positive and enduring impact. It focuses on improving, enhancing, and connecting communities through infrastructure projects. This approach extends beyond mere construction, aiming to contribute to the well-being of society.

The mission highlights three main elements: improving, enhancing, and connecting communities. It also emphasizes the importance of employee and family pride. This indicates a commitment to both external and internal stakeholders, fostering a sense of ownership and shared purpose.

Balfour Beatty's target extends beyond clients to include the broader community and its workforce. Geographically, the company operates internationally, with a primary focus on the UK, US, and Hong Kong. This global presence allows it to undertake large-scale projects with significant community impact.

The unique value proposition of Balfour Beatty lies in its commitment to creating a lasting positive impact on communities. This goes beyond the functional benefits of infrastructure projects, focusing on the legacy and societal contributions of its work. This is a critical aspect of the Balfour Beatty values.

Examples of the mission in action include projects like the Hinkley Point C nuclear power station, the Lyric Theatre in Hong Kong, and the Automated People Mover at Los Angeles International Airport. These projects showcase the company's ability to contribute to national economies and local communities. For more insights into their strategic approach, consider reading about the Growth Strategy of Balfour Beatty.

The mission is strongly community-centric, focusing on the well-being of communities and the pride of employees. This dual focus underscores the company's commitment to both external and internal stakeholders, creating a positive and sustainable business model. This approach is supported by the Balfour Beatty core values.

The vision's first element focuses on "leading the transformation of our industry." This signifies a proactive stance, aiming to shape the future of infrastructure. This involves embracing innovation, sustainability, and digital technologies to redefine industry standards. The company is investing heavily in digital project delivery, with a target to increase its use of digital tools by 20% by 2026.

The vision explicitly addresses "meeting the challenges of the future." This suggests preparedness for evolving demands, including climate change, urbanization, and technological advancements. Balfour Beatty's sustainability strategy, with its commitment to net-zero carbon emissions by 2040, exemplifies this commitment.

The phrase "Always safe" underscores the paramount importance of safety in all operations. This commitment reflects a culture where the well-being of employees, partners, and the public is prioritized. Balfour Beatty has consistently invested in safety programs, aiming for zero harm across all its projects. In 2023, the company reported a lost time injury rate (LTIR) of 0.08 per 200,000 hours worked, demonstrating its dedication to safety.

The emphasis on being "Always reliable" highlights the company's commitment to delivering projects on time, within budget, and to the highest quality standards. This reliability builds trust with clients and stakeholders. Balfour Beatty's strong order book and consistent project delivery performance are evidence of this focus. The company’s order book stood at £17.3 billion as of December 2023.

The phrase "Always improving lives" reflects a broader commitment to social responsibility and creating positive impacts through its projects. This includes contributing to sustainable infrastructure, community development, and enhancing quality of life. Balfour Beatty's projects often involve critical infrastructure that supports communities, such as transportation networks, energy systems, and essential services.

The Balfour Beatty vision is closely aligned with its strategic goals and objectives. It guides the company's investments in innovation, sustainability, and digital technologies. The vision statement is a key element in understanding the Balfour Beatty's strategic goals. This alignment ensures that the company's actions are consistently directed towards achieving its long-term objectives. To understand how Balfour Beatty has evolved over time, consider reading a Brief History of Balfour Beatty.

The Balfour Beatty mission guides the company's focus on specific markets and types of projects. This is evident in their selective bidding strategy, which prioritizes projects where they have a competitive advantage and can deliver high-quality results.

Balfour Beatty's vision of leading industry transformation is supported by significant investments in digital innovation. Their collaboration with Microsoft on AI in construction is a prime example of this forward-thinking approach.

The company's commitment to sustainability, reflected in its revised net-zero targets and social value creation goals, is a direct result of its core values. This commitment is also evident in their long-term vision.

The Balfour Beatty core values shape day-to-day operations by emphasizing safety, quality, and efficiency. For long-term planning, they guide investment in innovation, talent development, and sustainable practices.

Key performance indicators (KPIs) demonstrate the alignment of the company's actions with its mission and vision. The increased order book to £18.4 billion in 2024 is a clear indicator of progress in their chosen growth markets.

Balfour Beatty’s involvement in projects like the LAX Automated People Mover and the reconstruction of Interstate 30 in Dallas directly reflects its mission to improve and connect communities through infrastructure.

The 'Build to Last' strategy is a cornerstone of Balfour Beatty's implementation efforts. This framework guides the company's actions, ensuring that its Balfour Beatty goals are met and its purpose is upheld. The strategy focuses on key areas such as operational excellence, sustainable practices, and employee development, all of which support the company's long-term vision.

Leadership plays a critical role in reinforcing the Balfour Beatty mission and vision. CEO Leo Quinn's statements highlight the importance of a diversified portfolio and a focus on key objectives. This top-down approach ensures that the company's values are consistently communicated and integrated into the company culture. For example, in 2023, Balfour Beatty reported a 10% increase in underlying profit from its infrastructure investments, demonstrating the efficacy of its strategic goals.

Balfour Beatty communicates its Balfour Beatty mission statement explained and vision to stakeholders through various channels. These include its website, annual reports, and project-specific communications. This ensures transparency and allows stakeholders to understand the company's direction and values. The company's 2023 annual report emphasized its commitment to sustainability, showcasing its dedication to environmental, social, and governance (ESG) principles.

Concrete examples of alignment between stated values and actual business practices are readily apparent. Their sustainable procurement practices, being the first in the world to be assessed against the ISO20400:2017 standard, demonstrate a tangible commitment to the 'Sustainable' value. Furthermore, the company's 'My Contribution' program, which encourages employee-driven innovation, reflects the value of being 'Expert'. This program has contributed to over 500 innovative ideas implemented in 2024, improving operational efficiency by an average of 7%.