JAMES FISHER AND SONS PLC Annual Report 2022
HARNESSING THE BLUE ECONOMY
Energy
Defence
Marine
Strategic report | Annual Report 2022 - James Fisher and Sons plc |
Welcome
We are a global group of marine engineering businesses. Together, we enable seismic shifts in the way the world generates power, protects natural resources and transports goods.
Energy
Defence
Marine
In this Annual Report we report on the progress we made in 2022 in returning to sustainable, profitable growth.
Our Strategic | Our Corporate | Our Financial |
report | Governance report | statements |
How our business performed in | How we are managed and take | Detailed information on our finances, |
delivering against our strategic | decisions, including our report on | as well as information for shareholders |
priorities in 2022. | Directors' remuneration. | and readers of this Annual Report. |
See our Strategic report | See our Corporate Governance | See our Financial statements |
from page 02 | report from page 74 | from page 116 |
James Fisher and Sons plc - Annual Report 2022
Strategic report | 01 |
Inside this report
OUR DIVISIONS
We have four reporting divisions that bring together companies in the Group that have complementary products, services and areas of expertise. Together, these divisions serve the energy, defence and marine markets.
OUR CULTURE
We encourage a culture of innovation, creativity and opportunity. We use the insight from our engagement surveys to guide the actions we take to ensure the best people want to join, stay and grow their careers with us.
STRATEGIC REPORT | |
We are James Fisher and Sons plc | 02 |
At a glance | 04 |
Chairman's review | 06 |
An interview with Jean Vernet, | |
Chief Executive Officer | 08 |
Business model and strategy | 10 |
Key performance indicators | 12 |
Our markets | 13 |
Chief Executive Officer's review | 14 |
Our divisions | 18 |
Sustainability | 26 |
- Governance | 27 |
- Our sustainability strategy | 28 |
- Engaging for value | 30 |
- Alignment with sustainability frameworks | 32 |
- Planet | 34 |
- People | 42 |
- Partnerships | 52 |
Non-financial key performance indicators | 56 |
Financial review | 58 |
Principal risks and uncertainties | 62 |
Viability statement | 71 |
Non-financial information statement | 72 |
GOVERNANCE | |
Governance at a glance | 74 |
Chairman's introduction to | |
corporate governance | 76 |
Governance framework | 78 |
Board of Directors | 80 |
Corporate governance report | 82 |
Nominations Committee report | 86 |
Audit Committee report | 89 |
Directors' remuneration report | 94 |
Directors' report | 111 |
Statement of Directors' responsibilities | 115 |
FINANCIAL STATEMENTS | |
Independent auditor's report | 116 |
Consolidated income statement | 126 |
Consolidated statement of other | |
comprehensive income | 127 |
Consolidated and Company statement | |
of financial position | 128 |
Consolidated and Company cash | |
flow statement | 129 |
Consolidated statement of changes |
MARKET PRESENCE
Our global footprint represents the diverse range of customers and markets we serve. Our network of Group company facilities, partners, agents and support bases means we can deliver flexible, highly responsive and localised support to our customers, wherever they need it.
SUSTAINABILITY AT OUR CORE
Sustainability is integral to everything we do so it's reflected in our purpose. Our sustainability strategy puts all our stakeholders at the heart of what we do and how we choose to work.
in equity | 130 |
Company statement of changes | |
in equity | 131 |
Notes to the financial statements | 132 |
Subsidiaries and associated | |
undertakings | 192 |
Group financial record | 196 |
Investor information | 197 |
02 | Strategic report | Annual Report 2022 - James Fisher and Sons plc |
We are James Fisher and Sons plc
PIONEERING SAFE AND TRUSTED SOLUTIONS TO COMPLEX PROBLEMS IN HARSH ENVIRONMENTS TO CREATE
- SUSTAINABLE FUTURE.
We are a responsible custodian of oil and gas service delivery and pioneer solutions for renewable energy.
An essential and innovative provider of subsea security and defence in an increasingly fragmented and complex world.
- long-standingUK ship operator.
2.2GW
of monitored and managed offshore substation assets
30
of the world's Navies are served by us
175
years working at sea
James Fisher and Sons plc - Annual Report 2022 | Strategic report | 03 |
Always guided by our values:
PIONEERING SPIRIT
We respond innovatively to our customers' current and future needs. We think creatively and challenge conventional thinking.
INTEGRITY
We do the right thing. We treat others as we'd like to be treated, listening respectfully and speaking honestly. We build relationships based on trust and fairness.
ENERGY
We love what we do and take pride in our work - delivering exceptional results for our stakeholders. We are empowered to take the right decisions quickly.
RESILIENCE
We are accountable and courageous, facing into difficult situations. We are tenacious, seeking feedback to learn and develop.
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James Fisher & Sons plc published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 14:16:10 UTC.
