Advanced Scaffolder at Wood in Port Campbell, Victoria, Australia | Kablio

Advanced Scaffolder at Wood in Port Campbell, Victoria, Australia | Kablio

Company

Overview

₤5.9 billion

Revenue

The company reported total revenue of $5.9 billion, reflecting an 8% increase from the previous year’s $5.5 billion.

9% growth

Adjusted EBITDA

Wood's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 9%, reaching $423 million.

40% of pipeline

Sustainable Solutions

Sustainable solutions now account for over 40% of the company's bidding pipeline, highlighting a strong focus on green initiatives.

Wood is a global leader in consulting and engineering, primarily serving the energy and materials markets.
The company offers a wide array of services including project and construction management, operations and maintenance, and engineering design across various sectors such as oil and gas, chemicals, renewable energy, and infrastructure.
Wood operates in multiple countries including Australia, Canada, England, UAE, and the US, with a growing emphasis on sustainable energy and decarbonization technologies.
The company provides an integrated service model covering advisory, design, delivery, operational support, and repurposing services.

Culture + Values

The company foster a culture emphasize collaboration, innovation, and excellence.
Create an environment where employees enjoy coming to work and clients eager to engage.
Focus on core values and behaviors, including commitment, courage, and agility in delivering solutions.
Leadership plays a crucial role in monitoring and nurturing the culture.
Engage with the workforce regularly to ensure effective implementation across the organization.
The company's values support strategic goals structured around three main pillars: Inspired Culture, Performance Excellence, and Profitable Growth.
These pillars guide operations and decision-making processes, aligning with the needs of employees, clients, and shareholders.
Aim to leverage expertise and dedication of global team to drive sustainable solutions and make meaningful impact on the world.

Environment + Sustainability

65% reduction

Cumulative Emissions Reduction

The cumulative reduction in Scope 1 and 2 emissions from the 2019 baseline.

55% renewable energy

Sourced Electricity

Proportion of purchased electricity now sourced from certified renewable energy sources.

40% pipeline

Sustainable Solutions

The portion of the sales pipeline now comprised of sustainable solutions, supporting the energy transition.

21% revenue

Sustainable Solutions

The proportion of total group revenue generated from sustainable solutions.

Focus on transitioning to renewable energy sources and enhancing energy efficiency across operations.
Committed to reducing single-use plastics and promoting sustainable practices within the supply chain.
Actively involved in renewable energy, hydrogen, and carbon capture and storage projects, representing a significant portion of revenue.
Working on more than half of the world’s carbon capture and storage projects.
Aiming to achieve net-zero carbon emissions by 2050, aligning with the Paris Agreement.
Member of the United Nations Global Compact, committing to uphold principles in human rights, labor, environment, and anti-corruption.
Holds an AA rating in the MSCI ESG Ratings and Silver in the 2023 Ecovadis Sustainability Rating.
Targets to have 100% of suppliers incorporate Building Responsibly Principles into their supply chains by 2030, with all labor suppliers expected to comply by 2025.

Inclusion & Diversity

32% Female Representation

2022 Female Representation

The company achieved 32% female representation in 2022.

48% Female Intake

2023 Early Career Roles

In 2023, 48% of early career roles were filled by women.

23.3% GPG

Gender Pay Gap 2023

The company's Gender Pay Gap decreased to 23.3% in 2023 from 26.0% in 2022.

40% FemaleLeadership Target

2030 Female Leadership Goal

The company aims for 40% female representation in senior leadership by 2030.

Ongoing efforts include refreshing and expanding employee networks, empowering leadership teams with action plans for sustainable, inclusive change, maintaining focus on balanced early career stage intake, and ongoing tracking of diversity statistics.
Ensures fair pay practices, confirming that pay disparities are due to the gender distribution across roles, not equal pay issues.
DEI progress is measured quarterly, with oversight provided by the Board through the Nomination Committee.

Articles

Wood’s Sustainability Review 2022

Wood’s sustainability approach 2022-2025

Youtube video on recruitment process

CEO Ken Gilmartin’s reflections after 1 year of being CEO

2023 Gender Pay Gap Report