OUR NEW STRATEGY: ‘BUILDING A LIVING LEGACY’

As a responsible business, we have been working in innovative and sustainable ways for many years. We launched our ‘Building a Living Legacy’ (BLL) sustainability strategy in 2016. It underpins our commitment to create places that stand the test of time by making a positive long term contribution to London’s built environment.

Economic, social and environmental principles are central to our business strategy and support our ambition to create thriving places for future generations. Under the strategy, we have developed a Living Legacy framework to help manage four priority areas and supporting targets, where we believe we can have the greatest positive impact by 2024.

  • Short term targets

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    2016 targets

    target2017.png

    2017 targets

  • Living legacy

    Creating thriving places that enable people to live sustainable lifestyles
    • Create a Living Legacy development framework using best practice placemaking principles
    • Trial the Living Legacy development framework on one new project
    • Develop a Living Legacy toolkit
    Read more about Living legacy
  • Balanced resources

    Making our money work harder through efficient use of resources across our business
    • Set targets to reduce energy, greenhouse gas emissions and waste and increase recycling rate
    • Set a target to increase our use of sustainably sourced timber
    • Align our procurement policy with 'Building a Living Legacy' objectives
    • Set targets to reduce water consumption
    Read more about Balanced resources
  • Creative building solutions

    Collaborating with our partners to identify innovative building techniques and deliver the homes of the future
    • Agree focus areas for research into sustainable innovations
    • Establish innovation working groups for all new developments
    • Present a yearly review of innovative sustainable building solutions to design teams
    Read more about Creative building solutions
  • Smart business

    Investing in people and relationships to ensure we deliver lasting value for all stakeholders
    • Set up a Sustainability Steering Committee and appoint Living Legacy champions
    • Embrace the principles behind the Modern Slavery Act 2015 and carry out a key risk review
    • Ensure all our staff complete our 'Building a Living Legacy' induction
    • Integrate employee wellbeing questions into our staff survey
    Read more about Smart business
  • Short term targets

    Living legacy

    Creating thriving places that enable people to live sustainable lifestyles
    target2016.png

    2016 targets

    target2017.png

    2017 targets

    target2016.png

    2016 targets

    • Create a Living Legacy development framework using best practice placemaking principles
    target2017.png

    2017 targets

    • Trial the Living Legacy development framework on one new project
    • Develop a Living Legacy toolkit
    Read more about Living legacy
  • Short term targets

    Balanced resources

    Making our money work harder through efficient use of resources across our business
    target2016.png

    2016 targets

    target2017.png

    2017 targets

    target2016.png

    2016 targets

    • Set targets to reduce energy, greenhouse gas emissions and waste and increase recycling rate
    • Set a target to increase our use of sustainably sourced timber
    target2017.png

    2017 targets

    • Align our procurement policy with 'Building a Living Legacy' objectives
    • Set targets to reduce water consumption
    Read more about Balanced resources
  • Short term targets

    Creative building solutions

    Collaborating with our partners to identify innovative building techniques and deliver the homes of the future
    target2016.png

    2016 targets

    target2017.png

    2017 targets

    target2016.png

    2016 targets

    • Agree focus areas for research into sustainable innovations
    • Establish innovation working groups for all new developments
    target2017.png

    2017 targets

    • Present a yearly review of innovative sustainable building solutions to design teams
    Read more about Creative building solutions
  • Short term targets

    Smart business

    Investing in people and relationships to ensure we deliver lasting value for all stakeholders
    target2016.png

    2016 targets

    target2017.png

    2017 targets

    target2016.png

    2016 targets

    • Set up a Sustainability Steering Committee and appoint Living Legacy champions
    • Embrace the principles behind the Modern Slavery Act 2015 and carry out a key risk review
    target2017.png

    2017 targets

    • Ensure all our staff complete our 'Building a Living Legacy' induction
    • Integrate employee wellbeing questions into our staff survey
    Read more about Smart business

A new approach

This is the first year of reporting our sustainability performance against our BLL strategy. The strategy will enable us to enhance the quality of life for our customers, while supporting our operations and delivering value for our stakeholders and shareholders.

Launched partly in response to known national policy and the London Plan, the BLL strategy was developed through a detailed political, economic, social, technological, legal and environmental (PESTLE) analysis and a collaborative materiality assessment.

Moving forward, we will continue to shape the strategy taking into consideration changes to the above, as well as sectoral analysis such as JLL's 'Big Eight for Real Estate', which sets out interconnected sustainability trends through to 2030.

Our approach to materiality

As part of our annual business planning, the Board set out ambitions for formalising our BLL strategy in 2016. To ensure a robust and transparent approach, we engaged with our employees and development partners to identify the most important sustainability issues for Telford Homes and our stakeholders.

The materiality review consisted of internal workshops, key stakeholder interviews, a peer analysis and review of sustainability legislation, including an analysis of our position in the NextGeneration sustainability benchmark.

This process enabled us to develop a clear materiality matrix, identify our key focus areas and create a roadmap to 2024, complete with targets and key performance indicators. Through our research, we have also set the ambition to improve on our current 18th place position in the NextGeneration benchmark of UK Housebuilders, aiming to be in the top 10 by 2018.

Strong sustainability governance

Following our materiality review, a detailed recommendation was made for the Board to provide oversight and high-level sustainability governance, which led to the creation of a dedicated BLL Steering Committee. Our Chief Executive chairs the committee.

In line with best practice, we will report progress against the strategy by adopting an integrated reporting approach in the future. This will ensure that we are comprehensively communicating our journey towards BLL to a wider audience.

OUR SUSTAINABILITY MISSION

Built by passionate people and strong relationships, we will use innovative land, design and development solutions to create a legacy of high quality sustainable homes and places.

Governance structure

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