Name: Aditya Bhadoria

Roll number: MBAF1306

Subject: Managing for Sustainability

Submitted to: Prof. Meshram

LOCKHEED MARTIN

Our Mission:  We solve complex challenges, advance scientific discovery and deliver

innovative solutions to help our customers keep people safe and provide them

essential services.

Our Vision: Be the global leader in supporting our customers to strengthen global

security, deliver citizen services, and advance scientific discovery.

Our Values:

Do what’s Right

we are committed to the highest standards of ethical conduct in all that we do.

We believe that honesty and integrity engender trust, which is the cornerstone

of our business. We abide by the laws of the United States and other countries

in which we do business, we strive to be good citizens and we take

responsibility for our actions.

Respect others

we recognize that our success as an enterprise depends on the talent, skills

and expertise of our people and our ability to function as a tightly integrated

team. We appreciate our diversity and believe that respect - for our colleagues,

customers, partners, and all those with whom we interact - is an essential

element of all positive and productive business relationships.

Perform With Excellence

we understand the importance of our missions and the trust our customers

place in us. With this in mind, we strive to excel in every aspect of our business

and approach every challenge with a determination to succeed.

Corporate Social Responsibility

As an industry leader in global security and information technology, Lockheed Martin

provides products and services that address some of the nation’s most critical

issues.  But our contribution doesn’t end with a commitment to support our country’s

needs and economic growth. As a responsible corporate citizen, we also play an

active role in helping to strengthen the quality of life in our country and the

communities where we live and work.

We strive to be a valued partner to our neighbours, our nation and our ally countries. 

The Corporation primarily supports science, technology, engineering, and

mathematics (STEM) education and military and veteran causes.

As part of its efforts to educate and inspire tomorrow’s scientists, engineers and

mathematicians, Lockheed Martin’s approach to STEM outreach includes support for

programs, events and campaigns that focus on student achievement, teacher

development, and gender and ethnic diversity.

And to help give back to those who give so much for our nation, Lockheed Martin is

dedicated to supporting service members with programs that improve their lives and

the lives of their families, enhance educational and training opportunities, and honor

their selfless duty to our country. 

These causes reflect the values embodied in our employees and intrinsic to the

Lockheed Martin culture. Stated simply, our employees care. They are talented

professionals, but it is their genuine concern for others that helps make Lockheed

Martin an exceptional contributor to the public good. Another arena where we’re

innovating for growth is sustainability. This continues to be a key priority for us, as

we apply innovative solutions to protect the environment, strengthen communities

and drive responsible growth. One example of how innovation in sustainability is

opening new markets is Ocean Thermal Energy Conversion (OTEC). OTEC uses the

ocean’s natural thermal gradient to generate power. On an average day, 60 million

square kilometres of tropical seas absorb an amount of solar radiation equivalent to

the energy produced by approximately 250 billion barrels of oil. The temperature

difference between deep and shallow ocean waters offers tremendous potential for

producing energy. In 2013 we signed a contract with Reignwood Group to develop

and build a 10-megawatt OTEC power plant. This plant will be the largest OTEC

project developed to date, and represents a new adjacent market growth opportunity

for the Corporation. For our ongoing sustainability efforts, we were pleased to be

recognized by a number of outside organizations. We were named to a highly-

respected benchmark for sustainability, the 2013 Dow Jones Sustainability North

America Index. CDP (formerly the Carbon Disclosure Project) scored us one of the

top companies worldwide on its 2013 Global Carbon Performance Leadership Index.

And we advanced to be among the top three companies in our industry for

environmental, social and governance performance as ranked by MSCI, a leading

provider of indices and portfolio analytics.