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Sustainability Report 2021

  • Text
  • Homes
  • Sustainability
  • Carbon
  • Sustainable
  • Scope
  • Environmental
  • Communities
  • Completed
  • Keepmoat
  • Developments

GOVERNANCE

GOVERNANCE Sustainability Report 11 Governance and management During the year we changed our governance structure and the way we manage sustainability to enable lines of responsibility that cover all functions of the organisation. This is creating a clearer pathway of decision making and accountability from our main business operations, to our sustainability department and Board. A Sustainability Committee of the Executive with crossfunctional oversight now ensures a full-focus on sustainability each quarter at the highest levels of the organisation. Alongside this change, we have created an entirely new sustainability function, including new positions of Head of Sustainability and Corporate Sustainability Adviser. At the community level our Social Value Managers remain as part of our local Land and Partnerships Teams coordinating delivery of social value locally, with strong channels of communication via a monthly Social Value Working Group. IT Technical Construction Commercial Supply Chain Land Social Value Managers RMT Finance HR Legal Comms EHS Corporate Sustainability Adviser • Reporting and benchmarking • Communications and awards • Coordinating social value activity • Performance monitoring • Bidding support • Carbon/climate mitigation Delivery of sustainability improvements is embedded within day-to-day business activities in our regional businesses and is supported by regular sustainability messaging through our ‘Hub’ intranet site, weekly ‘Monday Matters’ employee newsletter and ‘Home’, our seasonal employee magazine. A training plan is in place for the delivery of the most relevant sustainability issues for the senior leaders of our business, including the Executive, making the most of our partnership with the Supply Chain Sustainability School. Investors and Board of Directors CEO Head of Sustainability Senior Environmental Sustainability Advisor CEO and Executive Executive and Sustainability Committee Sustainability Steering Committee Sustainability Function Social Value Working Group • Environmental investigation • ISO 14001:2015 management • Auditing and inspections • Operational environmental support • Training and briefings FOCUS Environmental & Social Governance Strategy & delivery Social Value Managers Land & Partnerships function • Social Value bid support • Maintain regional partnerships • Deliver social value commitments • Monitor performance • Delivering social value through supply chains Taskforce for Climate-related Financial Disclosures (TCFD) Keepmoat is progressing adoption of the recommendations of TCFD in reporting disclosures. While full adoption of TCFD is in progress, the below table provides a summary indication of readiness as part of our journey of progression. Governance Strategy Risk management Metrics and targets Disclose the organisation’s governance around climate-related risks and opportunities. Sustainability risks and opportunities, including those around climate change are raised to the Board through the Executive Sustainability Committee (see page 10). Management and assessment of climate risks and opportunities is via the Sustainability Steering Committee that liaises closely with function leaders as issues develop. Disclose the actual and potential impacts of climate-related risks and opportunities on the organisation’s businesses, strategy, and financial planning where such information is material Our Annual Report 2021 references climate risks in the report on physical risks including construction-side risks from drier summers and wetter winters. It also references development flood risk mitigation in the form of sustainable drainage systems. Independent climate risk reports have been undertaken during FY21 and we are currently working to apply different climate scenarios to these analyses. This sustainability report starts to outline the early elements of our carbon reduction strategy including mitigation opportunities. Disclose how the organisation identifies, assesses, and manages climate-related risks. Climate-related risks are manged through our ISO14001:2015 management system – climate risks are assessed in relationship to organisation context, interested parties and compliance obligations. This process identifies likelihood and severity of risks, responsibilities, mitigations and controls. Business functions contribute to identification and management of these risks through the Sustainability Steering Committee, with risks assigned an ‘owner’ ensuring that mitigations and controls are actioned. Residual risks are reassessed, after which significant risks can be escalated to the corporate risk register, ensuring Executive oversight. Metrics and targets Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material. Keepmoat records and reports a number of metrics on carbon emissions (scope 1, 2 and 3). The business also reports on climate adaptation metrics including the proportion of developments with SUDs ponds and energy efficiency (EPC) ratings of homes. See this on pages 36 to 39. At the time of writing our carbon reduction target is to reduce scope 1 & 2 emissions by 3% per annum. The business has pledged to set a sciencebased carbon emission target via the SBTi, and has joined the Race to Zero with a pledge to be net zero carbon by at least 2050. RMT and EHS relate to Regional Management Team and Environment, Health and Safety function.