Governance

Stakeholder engagement

Building meaningful relationships

For Ricardo, stakeholder engagement means participating in conversations to understand the needs and priorities of each of our key stakeholders. The work that we do has an impact on society and, as a Group, we are motivated to continue innovating and being pioneers of change and thus accelerate our clients’ energy transitions.

Stakeholders and the board

We regularly engage in conversations with key stakeholders on a variety of themes across our business to build strong and positive relationships. Stakeholder engagement takes place across our management teams at Group level, throughout our business operating segments and involving the board.

In making decisions, we consider the interests of stakeholders throughout the company, Our approach to key stakeholders is influenced across board discussions, in terms of how we engage and support value creation.

Building relationships with our key stakeholders

The following groups are key stakeholders, and play a fundamental part to Ricardo's success.

Our people

We promote an open and ethical culture that is diverse and inclusive, fostering positive engagement. We provide a safe working environment and regularly engage with our teams, to ensure progression and personal development.

Our clients

Our clients are the cornerstone of everything that we do. We are committed to delivering service excellence, enhanced service levels and ensuring the future sustainability of the Group, and that our business practices and supply chain, accord with our values.

Our communities

We play an active role in helping our local communities thrive by contributing both socially and economically. We operate in a responsible and sustainable way by always aligning our decisions and actions according to our values and our ESG commitments.

Suppliers and partners

We actively engage with our suppliers to ensure that our supply chain is competitive and reflect's the Group's values, that supply chain disruption is minimised or avoided and that we have trusted relationships to ensure our operational success.