Centenary Quay

Materiality and Risk

To create real value for our shareholders and wider society, we must focus on the most important issues, opportunities, and risks.

Identifying Material Issues

Following consultation with stakeholders in 2012 and 2014, we developed a materiality matrix that mapped issues of high importance for the business. In 2015, we once again reviewed our materiality analysis, going one step further by mapping the issues more closely to the five pillars of our business strategy. This assessment can be found in our Integrated Report.

Assessing Risk

Risk management is a regular focus for all parts of the business -- from divisional level to the Executive and Board level.  Supporting the materiality matrix are two risk assessments.  

The first is our Principle Risks and Uncertainties Assessment , which identifies the risks that could have the most significant impact on our business and our ability to achieve our strategic objectives.

The second is our Climate Change Risks & Opportunities Assessment. The changing climate presents some challenging risks and uncertainties for business and society. Our stakeholders and customers look to us to ensure that the homes and communities we design will be able to adapt to possible changes, such as increased flooding, warmer temperatures, and water scarcity. However, being proactive about the changing climate also creates opportunities for us to develop future-proofed products that facilitate a more sustainable, less energy and water intensive lifestyle. 

We regularly review the risks and opportunities that climate change may bring to our business and wider society. Please see our Climate Change Risks & Opportunities Assessment in Our Documents. To find out more about our operational performance and carbon footprint, take a look at Our Data.  

We also participate in the Carbon Disclosure Project (CDP), an international programme that asks listed companies to disclose its greenhouse gas emissions and energy use, as well as the risks and opportunities it sees from climate change.

Managing Health, Safety and Environmental Risk on Our Sites

Our environmental management system and processes are designed to minimise risk and cover all of our construction operations. It is based on the principles set out in ISO 14001. Our health and safety system has procedures designed to minimise risk and is based on OHSAS 18001. 

An environmental Aspects and Impacts Register identifies our most significant impacts from land purchase through to handover to the customer. The principles set out in our Policy are implemented through our best practice procedures, training and culture of care. 

Every year our Group Healthy Safety and Environmental Director, along with his team, undertake an environmental audit of our sites to measure their performance against our environmental procedures and standards. This year, 35 sites across our divisions were audited, 31 of them achieving our Group’s minimum benchmark of 90% conformity. This was a significant improvement over 2014 when only 21 sites met or exceeded our benchmark. 

Managing Directors and Production Directors also undertake regular spot checks.  

All our sites take part in the Considerate Constructors Scheme (CCS) and in 2015 our average score was 35.64/50.

Find out more about some of our Health, Safety and Environmental campaigns and initiatives in 2015 in our Integrated Report.

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