- Leadership Perspective
Sustainability At Lockheed Martin
- Stakeholder Engagement
- Performance Indicators
- GRI Index
- Governance and Ethics
- Engineering and Innovation
- Sustainable Sourcing
- Safety and Wellness
- Diversity and Inclusion
- Community Relations
- Supplier Diversity
- About this Report
- Provide Feedback
Sustainability: The Science of Citizenship
Lockheed Martin’s 2012 Sustainability Report theme is The Science of Citizenship. Somewhere today on all seven continents, our employees are working with governments to thwart terrorism, advance deeper understanding of weather and climate patterns, increase the safety of passenger air travel, uncover information security risks, expand telecommunications links and perform a variety of missions that fulfill obligations to citizens around the globe. We also volunteer in our communities, cultivate diversity and inclusion and hold each other to the highest ethical standards. These are important contributions to society and for customers that trust us to deliver solutions when and where it matters most. This work is what we call the science of citizenship.
Yet we know our actions alone—or the agenda of a single government— will not solve all the challenges facing a global citizenry, an alliance among nations, a planet. And we also recognize that if not managed correctly, some of our business activities could present sustainability challenges. Potential concerns include the composition of certain products, our use of energy in manufacturing, the handling of data and intellectual property and the ability to recruit science and engineering talent with the necessary skills and experience.
With these issues in mind, Lockheed Martin is prioritizing further integration of sustainability with our global corporate strategy to create long-term business value. In 2012, we took steps to better align sustainability with our core processes, tracking risk, decision-making and performance. We also created an Office of Corporate Sustainability led by the Vice President of Ethics and Sustainability, who reports directly to our company CEO and President as well as the Board of Directors. Our corporate strategies, policies and programs are aligned with our sustainability mission statement:
Fostering Innovation, Integrity and Security to Protect the Environment, Strengthen Communities and Propel Responsible Growth
Our approach is driven by our methodology to apply three core competencies— innovation, integrity and security—to our sustainability commitments—protect the environment, strengthen communities and propel responsible growth. For our ambitious, evolving agenda to succeed we need everybody on board: internal stakeholders and external partners. We seek to challenge ourselves through transparent communication and honest relationships with stakeholders. Many parts of our business have already begun taking sustainability into account. Examples include our ethics and business conduct training and reporting system, our use of solar and biomass energy at U.S. sites, our carbon dioxide emissions performance and our small business supplier relationships. Our business portfolio also encompasses sustainability in areas like energy, health care, cyber security, climate monitoring and simulation training. We want considerations about sustainability to become second nature throughout the company.
About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 116,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems and products. The Corporation’s net sales for 2012 were $47.2 billion. Outside the United States, significant operations relevant to the issues covered in this report include sites in Australia, Canada and the United Kingdom.
We are a corporation organized and existing under the laws of Maryland, with one form of equity security outstanding, common stock. We realigned our business segments on Dec. 31, 2012. All historical data in the report have been restated to reflect the new business segments.
To take a strategic approach to embedding sustainability across Lockheed Martin, in late 2012 we assessed and prioritized more than 40 environmental, social and governance issues. The findings complement our established enterprise risk management practices and are reflected in this report.
We sought stakeholder views as part of this process, and we are now refining how sustainability fits with the issues critical to our business as well as evaluating performance goals and measurements. Many of these issues are interconnected and require further analysis before we set new targets and initiate activities to support sustainability objectives. This analysis will include identifying issue clusters that matter most to Lockheed Martin and using complementary internal frameworks to assess risks and opportunities. As we move forward, our findings will define plans of action and incorporate stakeholder perspectives into our sustainability strategy.
For our complete financial statements and explanation of beneficial ownership and changes in operations please refer to our Annual Report.