The health and well-being of the communities in which we operate are inextricably linked to the long-term success and development of Invensys. During the year we donated £1.6 million to charitable causes in line with our policy of supporting the young, very old, socially disadvantaged, community causes and educational initiatives. Beneficiaries included the Red Cross and The Prince's Trust, which helps young people in the UK to learn new skills and obtain employment. Following September 11, we also matched staff donations to the disaster fund with a Group donation. We are now formalising this as a matching programme to support all employee personal contributions which help the society in which they live and work.

We plan to continue to align our community activities with the nature and geographical spread of our business activities. Our sponsorship of the 'Buildings for the 21st Century' conference in London in December 2001 reflects our intent both to lead and encourage debate on those major community issues facing society where we can make a difference. This conference sought to develop the debate on sustainable urban development and examine the issues surrounding high-rise developments in particular.