CEO’S INTRODUCTION

As we complete the first year of our 2030 journey to net zero, being ranked as the UK’s most sustainable housebuilder by NextGeneration is a pleasing testimony to the hard work of our people, our investors and our supply chain.

Jon Di-Stefano, Chief Executive Officer

 

2020 will be remembered for the start of the COVID-19 pandemic and its fundamental impact on society and the economy. Yet this hugely significant event has given many of us time to pause and think about the future and as such has helped to further underline the desperate need to avert a global climate crisis. We need to play our part in those efforts.

The year also marked our 20th birthday and first anniversary as a Trammell Crow Company Developer company. Whilst our celebrations had to be relatively muted, we have reflected upon our anniversary year and some principal milestones, which are set out in our COVID-19 timeline on the following page. The impacts of the pandemic have really heightened our need to focus on staff and supply chain wellbeing. During 2021 we will continue this focus, which will include the adoption of flexible working patterns aiming to get the best mix of wellbeing, productivity and collaboration.

Through our diligence, we have managed to keep our people and supply chains safe and well. Our employees’ conscientiousness in rapidly adjusting and adhering to strict social distancing guidelines and new ways of working has culminated in the continued delivery of much-needed mixed-tenure homes and social infrastructure. Through the creation of carefully curated new green public realm and private amenity space, we can assist in reversing biodiversity decline and positively improve the lives of our customers and neighbours. During 2021 we will also conduct a five year social return on investment (SROI) review of our completed projects.

Impact of new legislation on our approach

Since our last report there have been more noteworthy legislative changes in the UK, including the Planning White Paper, the recent introduction of the new London Plan in March 2021 and the Future Homes Standard (FHS) in June 2021. Each raises substantive changes for the sector but nonetheless we believe our BLL risk profile will not noticeably change during 2021.

The UK’s most sustainable housebuilder

We are delighted to be ranked as the UK’s most sustainable housebuilder in the NextGeneration housing benchmarking report, and to have received the crystal award for transparency and sustainability disclosure. This is a testimony to our people, our investors and our supply chain in helping us to consolidate and strengthen our BLL strategy as we journey toward our 2030 goals.

The path to zero carbon

We are pleased to note that the FHS sets out a roadmap whereby from 2025 new homes will be zero-carbon ready. Our 2030 strategy (introduced in 2020) commenced our preparations for these changes. In parallel we have committed to achieving a Science-Based Target (SBT) of an absolute reduction of 12.5 per cent by 2025 and published our inaugural Task Force on Climate-Related Financial Disclosures Recommendations (TCFD) statement.

To deliver net zero carbon ambitions will require housebuilders and their supply chains to transform industry practices to create low carbon communities. We are preparing for this and collaborating with others in the industry to share ideas and best practices.

Investing in our people and our relationships

We continue to evolve our build to rent offer, with a focus on our customers and ensuring there is a clear alignment with the Environmental, Social, and Corporate Governance (ESG) strategies of our investment partners.

We aim to attract and retain the best people by offering them real opportunities to progress their careers. This is underpinned by comprehensive learning and development programmes and sustainability training. In 2021 we are also rolling out a wide-ranging Diversity, Equity & Inclusion (DEI) Framework.

In conclusion, we are proud of our achievements to date and we want to deliver even more of the same in the coming years. We are successfully driving our BLL strategy forward and we have a strong platform to achieve the commitments set out in our 2030 journey. Our desire is to become the leading build to rent developer in the UK by building sustainable communities and creating rewarding opportunities.

This report covers the reporting period 1 January 2020 to 31 December 2020. If you have any feedback on this report, please email us at buildinglivinglegacy@telfordhomes.london

 

Jon Di-Stefano
Chief Executive Officer
26 May 2021

 

‘BUILDING A LIVING LEGACY’ HIGHLIGHTS

Living Legacy

Creating thriving places that enable people to live sustainable lifestyles

5

SCHEMES IN THE MAYORAL OPPORTUNITY AREAS

69%

(2020: 72%) SUPPLY CHAIN SPEND IS WITH SMALL AND MEDIUM SIZED ENTERPRISES

26m

(2020: £45.5m) OF SUPPLY CHAIN SPEND WITH BUSINESSES REGISTERED IN LONDON BOROUGHS

Balanced resources

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

6.3%

(2020: 31.6%) REDUCTION IN OUR SITE CO2E INTENSITY

97%

(2020: 98%) OF WASTE DIVERTED FROM LANDFILL

16%

(2020: 16%) REDUCTION OF WATER USAGE IN NEW HOMES*

Creative building solutions

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

17%

(2020: 13%) SPEND INVESTED IN MODERN METHODS OF CONSTRUCTION

40%

(2020: 40%) TARGETED REDUCTION IN CO2 IN NEW HOMES*

100%

(2020: 100%) NEW BUILD SCHEMES BENEFIT FROM LOW CARBON OR RENEWABLE TECHNOLOGIES

Smart business

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

1st

PLACE IN NEXTGENERATION SUSTAINABLE HOUSEBUILDER RANKINGS

96%

RECOMMENDED DEVELOPER RATE ATTRIBUTED THROUGH HOMEVIEWS

11th

ROYAL SOCIETY FOR THE PREVENTION OF ACCIDENTS AWARD

 

* Against national standards

View Sustainability Report 2021