Defining Sustainability at Lockheed Martin: The future will be shaped by those who understand the technologies and systems that deliver transformative innovation in a resources-challenged world. Our business model recognizes that the long-term value we provide our customers, our stockholders and the world is the enabling of thriving communities, environmental protection and sustainable economic development through technological advancement. We call this approach The Science of Citizenship, and it is more than a commitment to propel responsible business growth. It cultivates scientific breakthroughs, global security and essential citizen services. It’s our extraordinary opportunity to engineer a better tomorrow.
The broad scope of advanced technology systems, products and services we provide on all seven continents deliver shared value for society and Lockheed Martin.
Sustainability Strategy: We evaluated the core sustainability issues of importance to our stakeholders and business through a formal assessment process in 2013. We also sought to identify opportunities for improving our disclosure of related information. After exploring more than 40 topics, we grouped the highest-ranked, closely related issues into six priority areas for action: Governance, Product Performance, Talent Competitiveness, Supplier Sustainability, Resource Efficiency and Information Security.
Sustainability Performance: During 2014, we implemented our Sustainability Management Plan to manage, measure and disclose performance effectively related to objectives associated with our six priority areas—our core issues (see diagram). Our management plan outlines 41 short- and long-term indicators of sustainability in our business decisions and practices. Learn more about our progress on each indicator.
Challenges: There are many challenges to our efforts to implement The Science of Citizenship. These include finding ways to represent products' cost of ownership across their total life cycle, and to coordinate with upstream suppliers to responsibly source the materials that go into our products. Other complex issues we are addressing include mitigating our employees' fear of retaliation for reporting ethical misconduct and assuring the safe and environmentally aware development of disruptive technologies involving advanced materials.
Dow Jones Sustainability World Index member 2014
CDP S&P 500 Climate Performance and Disclosure Leader 2014