BALANCED RESOURCES: EFFICIENT USE OF RESOURCES ACROSS OUR BUSINESS

With finite resources, rising commodity costs and the ever increasing drive for operational efficiency, it’s vital we balance the resources we use to contribute to a sustainable future. Our balanced resources objectives focus on reducing our environmental impact whilst improving cost efficiency and creating long term resilience.

OBJECTIVE 1:

Set targets to reduce energy, greenhouse gas emissions and waste, and increase recycling rate

We have set the goal of reducing waste intensity, energy usage and Greenhouse Gas (GHG) emissions by three per cent per annum across all our sites and corporate offices.

We monitor our Scope 1, 2 and 3 (business travel) GHG emissions usage for our business activities. We will shortly be reporting our GHG emissions on the sustainability section of this website.

In the long term, we are engaged in developing carbon positive and zero waste to landfill practices.

OBJECTIVE 2:

Set a target to increase our use of sustainably sourced timber

We are committed to procuring at least 90 per cent of our timber from sustainable sources such as the Forest Stewardship Council (FSC) and the Programme for the Endorsement of Forest Certification (PEFC) Chain of Custody Certification. We are also committed to eliminating the use of illicit timber in our operations and supply chain.

OBJECTIVE 3:

Align our procurement policy with ‘Building a Living Legacy’ objectives

We have started reviewing the introduction of BLL ambitions into existing policies and are planning the release of a suite of interrelated policies in 2017.

OBJECTIVE 4:

Set targets to reduce water consumption

We have set a three per cent annual reduction target for water intensity across all our sites and corporate offices. Additionally, we have incorporated Blue-Green Cities infrastructure in a number of our projects to contribute to urban biodiversity and promote naturally oriented water cycle systems.

LOOKING TO THE FUTURE:
Measuring our social return on investment

As we make strong progress against our objectives, we will look to report the related cost savings of our environmental initiatives. In line with the Social Value Act, we will also report on our Social Return on Investment (SRI) when developing integrated value chains to deliver sustainable homes, mixed used schemes and neighbourhoods.