Operating principles

These principles guide ownership, investment and the stewardship of operating businesses.

• Long-term ownership

  Businesses are held with a multi-year horizon that favours compounding capability over short-term extraction of value.

• Operational excellence

  Technical standards, process discipline and continuous improvement define how assets are developed and run.

• Responsible investment

  Capital is allocated against clear criteria for return, risk, liquidity and lasting enterprise quality.

• Innovation and development

  Exploration, engineering and organisational capability are advanced through planned technical programmes.

• Education and sustainability

  Investment in education and community infrastructure sits alongside industrial development as part of durable value creation.