James Cropper : Annual Report 2022 (PDF)

ANNUAL REPORT AND ACCOUNTS 2022

MORE THAN EVER, OUR PURPOSE AND VALUES

SIT AT THE HEART OF THE WAY WE RUN OUR COMPANY, FROM OUR LONG-TERM STRATEGY TO DAILY DECISION MAKING, THEY REFLECT HOW WE MAKE A POSITIVE CONTRIBUTION TO THE WORLD AROUND US.

Phil Wild, CEO

Our purpose

Our values

PIONEERING MATERIALS	FORWARD THINKING.
TO SAFEGUARD	RESPONSIBLE.
OUR FUTURE	CARING.

		5
		4
		6
1		7
2		15
3
	8	9
		14
10	11	13

16

12

17

19

20

21 18

23

22

#	Location	Manufacturing	R&D	Sales Office Partners
1	Burneside, UK Head Office	•	•	•
2	Crewe, UK	•
3	Launceston, UK	•	•
4	Oslo, Norway			•
5	Helsinki, Finland			•
6	Ljungby, Sweden			•
7	Copenhagen, Denmark			•
8	Brussels, Belgium			•
9	Prague, Czech Republic			•
10	Paris, France			•
11	Strasbourg, France			•
12	Milan, Italy			•

#	Location	Manufacturing	R&D	Sales Office Partners
13	Budapest, Hungary			•
14	Bucharest, Romania			•
15	Moscow, Russia			•
16	Schenectady, USA	•	•	•
17	Philadelphia, USA			•
18	Dubai, UAE			•
19	Shanghai, China			•
20	Guangzhou, China			•
21	Hong Kong, China			•
22	Melbourne, Australia			•
23	Johannesburg, South Africa			•

CONTENTS

STRATEGIC REPORT	07
Financial Highlights	08
Financial Summary	09
Chairman's Letter	10
Chief Executive's Review	12
Chief Financial Officer's Review	16
The Pension Report	21
Risk Management	24
Stakeholders Relationship Statement	28
Technical Fibre Products	30
ColourformTM	34
James Cropper Paper	37
Sustainability - ESG Committee	40
Streamlined Energy & Carbon Report	44
Pride Excellence Awards	46
People	47
GOVERNANCE	49
Board of Directors
Corporate Governance Statement
Report of the Audit Committee
Report of the Nominations Committee
Report of the Remuneration Committee
QCA Principles
Directors' Report
FINANCIAL STATEMENTS	65
Statement of Directors' Responsibilities
Independent Auditor's Report
Group Statement of Comprehensive Income
Statement of Financial Position

Statement of Cash Flows

Statement of Changes In Equity

Notes to the Financial Statements

Shareholder Information