BAM Nuttall has reduced its gender pay gap to 24.8%, as it continued its focus on diversity in 2020.
During the year, the company formed four ‘people networks’ covering gender parity, LGBTQ+, minority ethnicity and disability/neurodiversity to amplify the voices of minorities. Savoury said the firm ”almost” reached its target of a 1:4 gender balance across the business, while it continued efforts to close the gender pay gap, with a 6.6% improvement in the mean average to 24.8%.
The news came as BAM Nuttall hailed a record forward order book worth £3.4bn, despite a dip in pre-tax profit in 2020 amid the covid-19 pandemic.
BAM’s annual turnover in 2020 hit £844m in 2020, exceeding the £770m it reached the year before. But pre-tax profit slipped to £11.6m, down from £15.3m in 2019, resulting in a margin of 1.4% (2% in 2019).
BAM Nuttall chief executive Adrian Savoury said the firm’s outlook is underpinned by repeat business and pointed to its £3.4bn order book, 75% of which comprises negotiated two-stage contracts.
The business also set out aims for its environmental performance, including having a net positive impact on climate change, material resources and society by 2050, and net zero by 2030 for specific projects.
Savoury said: “The covid-19 pandemic has had a profound impact on lives and livelihoods. During 2020 our people, suppliers, clients and local communities tackled unique challenges, mobilising the resilience we’ve built over time, on a strong foundation of collaboration, to deliver a safe and predictable performance.”
He added: “Looking ahead, I believe we enter 2021 as a strong business. We continue to be supported by our strong order book and by the ongoing commitment and collaboration of our employees and all those we work alongside.”
