Climate change is the biggest global challenge we face. It presents challenging risks and uncertainties for business and society, but also provides opportunities to be innovative in both mitigating our emissions and adapting to its impact.
Our Climate Change Policy commits us to minimising our impact on the climate and future proofing our homes and developments to future changes in climate. We were proud to receive a score of A- in the most recent Carbon Disclosure Project (CDP). Our CDP questionnaire provides more detail on our climate-related risks and opportunities and how these are managed within the business.
In 2020 we implemented new targets to reduce scope 1 and 2 carbon emissions (location-based approach) by 25% by 2025. We also committed to procuring 100% renewable electricity by 2025. For further detail on our performance, please see our Annual Integrated Report and our Environmental, Social and Governance (ESG) data handbook.
Task Force on Climate-Related Financial Disclosures
We support the recommendations of the Financial Stability Board’s Taskforce on Climate-Related Financial Disclosures (TCFD). Detail on how we are progressing against the recommendations is provided in our CDP response and Annual Integrated Report.
To reduce energy and carbon, we continue to:
- Introduce more thermally efficient site accommodation to reduce energy use and provide a more comfortable environment for our site teams to work in
- Increase our procurement of renewable electricity and introduce a renewable tariff for our homes
- Increase collaboration with our supply chain to research alternative technologies and fuels to reduce carbon emissions
- Use reporting tools to identify energy reduction opportunities and monitor progress against our targets
The construction industry consumes a significant quantity of natural resources and produces more waste than any other sector in the UK. We are taking active steps to reduce our dependence on natural resources and have a target to reduce waste intensity by 15% by 2025. We also aim to divert at least 95% of construction waste from landfill, which we have achieved for the past eight years. Further data on waste is provided in our Annual Integrated Report and ESG data handbook.
To reduce waste, we continue to:
- Monitor waste produced from sites and report back on potential improvement opportunities
- Increase use of our supplier’ return schemes and identify new opportunities to reduce packaging waste
- Research alternative construction methods and their impact on waste and embodied carbon For more information on how we create accessible green space and protect and enhance biodiversity, please see our Customers and Community and Creating Great Places to Live pages.