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.
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.
Redrow maintains a Competency and Training Matrix for sustainability issues. This assesses the competency and training needs of all employees, by examining how they can impact on sustainability performance and/or our compliance obligations. It sets out what key competencies are required to ensure positive impacts are made and how these will be achieved – either through training or other means. Sustainability training is available for all employees on our online e-Learning platform which also includes modules from partners such as the Supply Chain Sustainability School. The detailed Competency and Training Matrix identifies role specific training for all key roles and the Leadership team are included within this. Sustainability Leadership is also included in the induction programme for all new Directors and Director’s conferences often include speakers (external and internal) on sustainability issues.
Greenhouse Gas Emissions
Greenhouse Gas (GHG) emissions data for the period 1 July 2019 to 30 June 2020 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.
Emissions have been calculated using the UK Government’s Greenhouse Gas Conversion Factors for Company Reporting. Reported Scope 2 emissions are calculated using the location-based method.
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 Greenhouse gas verification statement.
Assurance of Non-Financial Data
SGS have provided independent assurance of several of our sustainability Key Performance Indicators for the financial year 2019/20. The following KPIs and their underlying data were assured:
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.