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Resources and relationships<br />
Committed to a sustainable<br />
business and society<br />
Relationships<br />
Sustainability<br />
Intellectual assets<br />
Financial<br />
Human capital<br />
Product innovation<br />
PRODUCT INNOVATION<br />
Our technology is used to save lives,<br />
prevent injuries and protect people and<br />
assets around the world. We aim to develop<br />
and deliver the right products in each of<br />
our markets. Investing in new product<br />
development and making complementary<br />
acquisitions enables <strong>Halma</strong> to develop<br />
the range and quality of its products.<br />
See Sector Reviews p34 to 41<br />
HUMAN CAPITAL<br />
We recognise that our people are a<br />
valuable asset and investing in them is<br />
essential to our success. Developing talent<br />
and diversity across our businesses gives<br />
us a competitive advantage and ensures<br />
that we have motivated leaders to deliver our<br />
goals in an inclusive and collaborative way.<br />
See Sustainability p48<br />
INTELLECTUAL ASSETS<br />
Innovation is a key element of our business<br />
model. Empowering our businesses to invest<br />
in new products and work collaboratively<br />
with each other to share knowledge and<br />
experience creates a culture where innovation<br />
can flourish. Our Annual Innovation Awards<br />
recognise the contribution made by our<br />
businesses in this area and further promotes<br />
our collaborative approach.<br />
STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS<br />
See Chief Executive’s Strategic Review p4<br />
We manage our<br />
capital resources<br />
to deliver a successful<br />
and sustainable<br />
business model.<br />
FINANCIAL<br />
We rely on our businesses to deliver strong<br />
financial performance through innovation,<br />
cost control and high return on capital. The<br />
decentralised structure of the Group enables<br />
our businesses to capitalise on opportunities<br />
in their local market, while operating within the<br />
financial and operational control framework<br />
of <strong>Halma</strong>. Our operations are inherently cash<br />
generative and the Group has access to<br />
competitively priced finance, which provides<br />
good liquidity and support for the growth<br />
ambitions of <strong>Halma</strong>.<br />
See Financial Review p42<br />
RELATIONSHIPS<br />
Interaction with our customers and suppliers<br />
is key to developing market-leading positions<br />
in each of our businesses. We strive to<br />
understand the needs of our customers<br />
and work with our suppliers to meet<br />
these needs in the most effective way.<br />
See Sustainability p48<br />
SUSTAINABILITY<br />
We recognise that our products rely on the<br />
natural capital that is available in the world<br />
and that we have a duty to minimise the<br />
impact that our operations have on the<br />
environment and protect natural resources<br />
for future generations. <strong>Halma</strong> is committed<br />
to promoting sustainable business<br />
practices and works to improve the<br />
Group’s environmental performance.<br />
See Sustainability p48<br />
<strong>Halma</strong> plc Annual Report and Accounts <strong>2016</strong> 23
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