Our ESG Scorecard provides a summary of our ESG KPI performance. All results are externally verified by an independent auditor.
Our full performance report covers a wide range of ESG metrics. Not all the data is subject to external verification, however, source data is collated through our annual report and is validated as part of the process.
ESG risks including climate risks are identified and assessed as part of a business wide integrated risk management process.
Climate risks are also considered as part of our TCFD assessment and scenario planning.
Redrow engages with a number of ESG rating agents to assess and monitor our ESG Disclosure performance, including:
ESG risk rating C+
Performance score 52.21
Latest assessment 2024
ESG risk rating AA
Latest assessment 2023
ESG risk rating 15.2
Risk rating Low risk
Latest assessment 2023
ESG risk rating 3.4
Latest assessment 2022
Sustainability benchmarking 57 (Bronze)
Latest assessment 2023
ESG score 49
Latest assessment 2022
Climate change rating B
Forestry rating B-
Latest assessment 2023
Oversight for the Operational Framework is under the board-level Placemaking and Sustainability Committee, which receives recommendations and updates from the three executive board pillar owners. The pillar owners meet annually to approve any revisions to the framework in consultation with the executive board, while working closely with programme owners through a series of focused working groups.
A detailed materiality assessment to understand stakeholder expectations and concerns informs our Operational Framework.
Informing our operational framework update was a detailed materiality assessment to understand stakeholder expectations and concerns. The matrix details the most material issues to our business and our stakeholders.
The best practice double materiality process assessed both financial materiality (the potential impact of sustainability issues on our financial value) and impact materiality (how our activities affect the environment, people and society). This was based on in-depth qualitative interviews and online surveys with a diverse and fair representation of ten stakeholder groups across the areas we operate in.
Overall, feedback showed that our strategy was robust and relevant but that the framework needed to respond more to the shifting challenges of certain risks and opportunities.