RCS - Weir Group PLC - Weir's commitment recognised in CCLA benchmark

WeirAnnouncement

05/06/2023 08:30

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RNS Number : 6303B  Weir Group PLC  05 June 2023

Weir's commitment to mental health recognised in CCLA benchmark

·      Latest investor benchmark ranks Weir as biggest improver on
performance and disclosure on mental health

·      External recognition of Weir's commitment to help colleagues
achieve positive mental health outcomes

·      Reinforces Weir's actions to meet its goal of being a zero harm
workplace

The Weir Group PLC (Weir), a global mining technology leader, has been
recognised for its commitment to workplace mental health in the latest CCLA
Corporate Mental Health benchmark - UK 100
(https://www.ccla.co.uk/documents/2023-uk-100-benchmark-report/download?inline)
, published today.

According to the benchmark, which assesses 100 of the largest listed UK
companies on their global approach to workplace mental health, Weir's
performance on practice and disclosure improved the most year-on-year climbing
two tiers, from tier 4 in 2022 to tier 2 in the 2023 report.

This improvement in performance reflects our commitment to the mental health
and wellbeing of our people and our actions to create a zero harm environment
where everyone at Weir can do the best work of their lives.

The link between the workplace and the mental health and wellbeing of its
people is becoming clearer and more important, especially right now, with the
cost-of-living crisis coming so soon after the Covid-19 pandemic. Workplaces
like Weir have a significant opportunity to help people achieve positive
mental health outcomes for themselves and those around them. In addition, we
know that research shows that workplaces with a culture of wellbeing are more
successful, so there are business benefits too.

In the benchmark, companies are ranked across five overall performance tiers
to encourage them and investors to think seriously about mental health as a
systemic risk, and to develop robust management systems so that companies and
their employees can thrive.

Weir's approach to health and wellbeing

Weir's ambition is zero harm, where everyone has a safe start, a safe finish
and a safe journey home. This extends beyond physical safety, supporting our
people to take a holistic approach to their overall health and wellbeing,
because we know that the safety, physical and mental health and wellbeing of
our employees are intrinsically linked.

We have a Health and Wellbeing strategic framework, launched in 2021, which
sets out employee wellbeing priorities. Our framework is driven from the top
of our organisation and is delivered locally, tailored to different cultural
and workplace needs.

Read about our Health and Wellbeing strategic framework in action at
global.weir/careers/health--wellbeing/
(https://www.global.weir/careers/health--wellbeing/)

Commenting on CCLA's report findings, Jon Stanton, CEO of the Weir Group said:

"We want everyone at Weir to know that we care - that it's ok not to be ok and
that we prioritise mental wellbeing - so I'm delighted that Weir has been
recognised in CCLA's latest benchmarking report for making the biggest
improvement in managing workplace mental health. It's great to see our ranking
improve by two tiers from tier 4 in 2022 to tier 2 in 2023. We welcome the
latest report that will provide us with further insight and guidance on how we
can continue to build an even healthier and more resilient workforce.

It is important to me to help develop a space where people can bring their
authentic selves to work to deliver the best work of their lives. I'm
incredibly proud of our culture of wellbeing to deliver successful,
meaningful, sustainable growth for us all."

Peter Hugh Smith, Chief Executive, CCLA Investment Management added:

"One of the key aims of this initiative is to guide companies in reinforcing
and formalising their own approaches to workplace mental health. It is hugely
encouraging to see high profile, multinational companies such as Weir Group
taking this benchmark seriously. We look forward to other companies following
the superb example set by this business. Companies, employees and investors
all stand to gain."

 

The full benchmark report is available at:

https://www.ccla.co.uk/documents/2023-uk-100-benchmark-report/download?inline
(https://www.ccla.co.uk/documents/2023-uk-100-benchmark-report/download?inline)

 Enquiries:
 Investors: Edward Pears   +44 (0) 141 308 3725

 Media: Sally Jones        +44 (0) 141 308 3666

 Citigate Dewe Rogerson:   +44 (0) 207 638 9571

 Kevin Smith               Weir@citigatedewerogerson.com (mailto:Weir@citigatedewerogerson.com)

 

About The Weir Group PLC

Founded in 1871, The Weir Group PLC is one of the world's leading engineering
businesses with a purpose to make its mining and infrastructure customers'
operations more sustainable and efficient. Weir's highly engineered technology
enables critical resources to be produced using less energy, water and waste
while reducing customers' total cost of ownership. The Group is ideally
positioned to benefit from structural trends that support long-term demand for
its technology including the need for more essential metals to support
economic development and carbon transition. The Group has c.12,000 employees
operating in over 60 countries with a presence in every major mining region of
the world. Find out more at www.global.weir (http://www.global.weir) .

 

Weir's ordinary shares trade on the London Stock Exchange (ticker: WEIR LN)
and its American Depositary Receipts trade over-the-counter in the USA
(ticker: WEGRY).

 

About CCLA and the Corporate Mental Health benchmark
The CCLA corporate mental health benchmark was launched in October 2022. It
assesses 100 of the UK's largest listed companies with more than 10,000
employees each, representing a combined workforce of 5 million employees(1) on
their global approach to workplace mental health. It ranks companies across
five overall performance tiers to encourage companies and investors to think
seriously about mental health as a systemic risk, and to develop robust
management systems so that companies and their employees can thrive.

The CCLA Corporate Mental Health benchmark is also starting to serve as an
important engagement tool and accountability mechanism for a growing global
coalition of investors and asset owners. Signatories to the Global investor
statement on workplace mental health
(https://www.ccla.co.uk/documents/global-investor-statement-workplace-mental-health/download?inline)
(2) now number 45, representing in aggregate more than $8.5 trillion in assets
under management.

 

 

Notes

 

1. Bloomberg

2. Global investor statement on workplace mental health (ccla.co.uk)

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