At Lockheed Martin, we trace our achievements and successes to our fundamental values – to do what’s right, respect others and perform with excellence.
These values shape our culture, drive our approach to business, encourage our outreach in the community, and inspire our commitment to sustainability and environmental stewardship. They are also the key to the future.
As we look around the world today, it’s clear that we’re living in one of the most complex and dynamic environments we’ve seen in decades. Nations are grappling with diverse and unpredictable geopolitical threats, regional instability, and economic uncertainty. In addition, there is shared global concern about carbon emissions and how to implement policies that lead to reductions efficiently and effectively.
At Lockheed Martin, we are dedicated to approaching every challenge with innovation and integrity. This means having a clear strategy to address environmental, social, and governance issues while ensuring the continuity of our operations, the development of our employees, and transparent engagement with our stakeholders.
That’s why in 2016 we decided to raise the bar on our Sustainability Management Plan. To do this, we set new near- and long-term objectives to manage and measure our progress through the year 2020.
We defined five core issues - business integrity, employee wellbeing, product impact, information security, and resource efficiency. We set ambitious goals to measure the value of our business operations and the impact of our technologies. With this updated plan, the agenda for management is better focused and there is greater transparency for stakeholders.
In the pages that follow, readers can gain insights into how we are applying the principles of sustainability to a wide array of business practices under each of our five core issue areas. You’ll learn about our commitment to encourage more efficient manufacturing, improve employee training, build trust among workgroups and customers, unlock transformative technologies from research and development, and implement additional methods to generate higher levels of performance and effectiveness across our corporation and its processes.
We believe that this ethical approach to every facet of our business yields tremendous results - from higher total shareholder return and robust job creation to positive community impacts and a smaller environmental footprint. In the global effort to address the issues of security and sustainability, every company and citizen has a role to play. This report shows that the 97,000 men and women of Lockheed Martin are making a difference. Our collective achievements reflect our long-term vision and values. Ultimately, it is a commitment that will enable us to build a more sustainable future for our business, our customers, and our planet for decades to come.
Marillyn A. Hewson
Chairman, President and CEO