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Dear Raytheon Stakeholders,
Raytheon’s commitment to corporate responsibility is a reflection of our values and the strong company culture we have been building for the past decade. During that time, we have built something special, something lasting, which has become the framework of the company and is sustained and energized by the passion of the Raytheon team.
As evidence of our progress, we are proud to present this 2013 Raytheon Corporate Responsibility Report. In its pages, you will learn of our efforts, investments and accomplishments in the many areas that define corporate responsibility at Raytheon.
Our commitment to corporate responsibility begins with Raytheon’s Vision, Strategy, Goals and Values. Our VSGVs serve to align and unify the entire Raytheon team around our common mission of customer success. This is reinforced by a clear “tone at the top” from our Board of Directors and management in support of best practices in leadership, and in progressive and responsible corporate governance.
We are also defined by our commitment to the highest ethical standards, diversity and inclusion. Our Ethics and Business Conduct program reinforces and supports our culture of integrity through education, counseling and accountability, and our focus on diversity and respect supports a culture of inclusion that fully engages all of our employees so that they feel valued and empowered to perform at peak level for our customers and stakeholders. We know we are on the right track when both Woman Engineer magazine and Minority Engineer magazine ranked Raytheon on their lists of Top 50 Employers for 2013, and for the ninth consecutive time, we achieved a perfect 100 percent score on the Human Rights Campaign’s 2013 Corporate Equality Index. In addition, we are engaging with our global supply chain to extend our values to suppliers and subcontractors.
Our most valuable asset has long been our employees, and we continue to focus on being the best we can be. Through our safety programs we have earned Voluntary Protection Program “Star” certification from the Occupational Safety and Health Administration at 30 of our major U.S. sites, and since 2008, we have reduced our recordable injury rate by 28 percent and our lost workday rate by 22 percent. In 2013, our Mission:Health well-being initiative achieved its highest participation rate to date, and we received the American Heart Association Fit Friendly –Gold Award, which recognizes companies that fulfill wellness criteria and promote a culture of wellness.
Raytheon’s sustainability program also received recognition. We were honored with the ENERGY STAR® Sustained Excellence Award for the seventh year in a row and included on the 2013 “100 Best Corporate Citizens” list compiled by Corporate Responsibility magazine. These recognitions reflect the excellent progress we are making on our 15 long-term sustainability goals; we have already exceeded five of the goals two years ahead of schedule, and we are on track with the others.
Our sustainability programs are just one area of corporate responsibility that benefits our communities and the world around us. We are also committed to supporting our armed services and developing and sustaining interest in science, technology, engineering and mathematics (STEM) education. Our $2.5 million partnership with Wounded Warrior Project® continues to make a meaningful difference in the lives of wounded veterans and their families, with more than 2,700 veterans having graduated from the partnership’s Transition Training Academy. Our MathAlive!® interactive math and science exhibition is inspiring tomorrow’s STEM professionals as it approaches 1 million visitors. MathAlive! continues to tour U.S. scientific centers, and in 2013 we debuted a new dual-language MathAlive! Middle East tour in the region.
The 63,000 members of the Raytheon team are the heart of all of our corporate responsibility efforts. They care, and they have embraced our programs as their own by personally giving their energy and time; in 2013, thousands of volunteers engaged with more than 2,600 organizations across 41 states. This employee engagement has ensured the success of our programs to the point where they will be sustained into the future.
We are proud of the team, and we are proud to be a part of a company that is making a difference.
William H. Swanson