Mace has launched its 2026 Business Strategy which sets out a vision of a more sustainable, and inclusive business model
Mace’s 2026 Business Strategy aims to redefine the boundaries of ambition.
Responding to the global climate emergency and the impact of the Covid-19 pandemic, Mace has overhauled its strategy.
In conjunction with this, the business has set itself new growth targets that will see it work to drive a 20% growth in margin each year, target achieving £3bn in annual revenue and aim to employ more than 8,000 people by 2026 across its four engines for growth – develop, construct, consult and operate.
Its offer to clients will focus on creating a fundamental transformation in how the built environment is delivered and operated – reducing carbon, driving the adoption of a digital-first, ‘construction to production’ approach and prioritising the creation of social value.
‘Bold vision for the future’
Mark Reynolds, Mace’s group chief executive, said: “Our new purpose – to redefine the boundaries of ambition – is a reflection of Mace’s exceptional heritage and our bold vision for the future.
“The last twelve months have shown that companies in all sectors must urgently change how we do business, and our new strategy responds to two of the great challenges of our time: addressing climate change and creating a more diverse and inclusive global society.
“By putting purpose at the heart of our strategy, our vision is that by 2026 Mace will be leading the way across the globe in disrupting how the built environment is developed, built and operated – from creating new models for town centre regeneration and housing delivery driven by social value to working with our clients to radically transform how we construct buildings and infrastructure.”
Reynolds added: “Our strength as a business has always been our exceptional people and their industry-defining ambition and expertise.
“By setting out our purpose and priorities clearly, we want to put our colleagues at the centre of everything we do; growing together to realise a bold vision of the future of the company over the next five years.”
New strategic priorities
Mace has announced three new strategic priorities: to pursue a more sustainable world, to grow together and to deliver distinctive value.
Mace has set out a number of key goals and new initiatives, which include:
- Targeting to achieve a 10% year on year reduction in emissions and only offsetting the outstanding carbon to gold standards.
- Reduce scope 3 emissions by more than one million tonnes by 2026 and by 2030 all emissions by 50%.
- Drive social value across every project and programme, generating more than £700m value to society each year by 2026.
- Become the most inclusive employer of choice in the industry, reducing gender and ethnicity pay gap by 10% year on year.
- Adopt a ‘construction to production’ approach across our construction and consultancy businesses. Achieve 90% of work delivered using modern methods of construction by 2026.
- Deliver growth in the development, infrastructure, built environment and operations markets, with a particular sector focus on healthcare, data centres and town centre regeneration.
- Build presence in a number of key countries and regional markets across the world, driving further growth in our mature businesses in North America, Sub-Saharan Africa and Asia Pacific; as well as continuing to build our presence in growth areas like Peru.
- Increase investment in research and development across the group up to 3.5% of annual revenue.