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Governance

Oversight of social, environmental and economic matters, including risk, is provided by leadership and robust governance which assigns clear responsibilities and effective reporting structures.

Governance structures & risk

Sustainability issues are part of our overall business strategy and the Board has ultimate responsibility for considering all of these matters. Redrow has established committees examining audit, placemaking and sustainability, nomination and remuneration. Terms of reference for these committees can be found here. Details of our risk management process and risks can be found in our Annual Report and accounts here.

Leadership

Our business strategy, encompassing the key themes of Building Responsibly, Creating Thriving Communities and Valuing People was developed by the executive team and other senior managers in the business. Each of the themes and the supporting principles has a senior business ‘owner’ and all parts of the business are charged with contributing to the success of the strategy. Sustainability objectives relating to our key themes are included in Board and senior managers appraisals and remuneration packages.The strategy is embedded into the way we do things across the business and this is reflected in our internal communication channels and training and development approaches.

Sustainability risk

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Methodologies & assurance

Greenhouse Gas Emissions

Greenhouse Gas (GHG) emissions data for the period 1 July 2020 to 30 June 2021 are set out in the table below.

 

Notes to the Greenhouse Gas Emissions Data

This disclosure includes all of the emission sources required under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013.  These sources fall within our consolidated financial statement and we do not have responsibility for any emission sources that are not included in our consolidated statement.

During the reporting period, the annual quantity of energy consumed by the company was 64,294,472 kWh. This figure presents the underlying global energy use data that was used to calculate the GHG emissions and is calculated in kWh. Where information has been converted to kWh from other units (e.g. litres of fuel), the 2021 UK Government’s Greenhouse Gas Conversion Factors for Company Reporting have been used for the required conversions.

This inventory of greenhouse gas emissions has been verified by SGS to a limited level of assurance, in accordance with ISO 14064-3:2006, as meeting the requirements of The Greenhouse Gas Protocol – A Corporate Accounting and Reporting Standard. Click here to view our verification statement.

Assurance of Non-Financial Data

SGS have provided independent assurance of several of our Environmental, Social and Governance KPI data within our ESG Scorecard for the financial year 2020/2021.

Click here to view our ESG Assurance statement

Environmental Management Systems

To manage the environmental impacts from our activities we operate a formal environmental management system which is externally by BSI to the international standard: ISO 14004:2015. Click to view our bsi Certificate of Registration

 

 

 

 

 

Task Force on Climate-Related Disclosures (TCFD)

In addition to reporting and disclosing our environmental and sustainability performance throughout our annual report, this year we have also included specific climate-related disclosures following the Task Force on Climate-related Financial Disclosures’ (TCFD) recommendations. These disclosures are structured around the TCFD’s key four thematic areas and can be viewed here.

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