How we build / 06
Capital allocation
We direct resources towards the strongest risk-adjusted long-term use.
What it covers
Capital allocation is a continuing responsibility. New investment competes with reinvestment in existing companies, reserves and other opportunities. The decision follows evidence, expected return, risk and timing.
Work in practice
01Compare uses of capital across the group
02Set return and risk expectations
03Sequence funding around evidence
04Revisit prior decisions when facts change
The principle