Redrow's sustainability strategy see housebuilder soar to third place in NextGeneration industry benchmark
Redrow, the leading UK housebuilder, has risen to third in this year’s NextGeneration Sustainability Benchmark – an independent, industry-specific initiative which benchmarks the sustainability performance of the UK’s top 25 housebuilders.
The 2017 NextGeneration Benchmark report rigorously evaluates the annual progress the homebuilding sector has made in delivering sustainable development, while highlighting best-in-class performance within the industry. Having received a Gold Award last year, Redrow’s move up the league table of housebuilders, from fourth place to third, shows the business’ sustainability strategy is delivering real social and environmental value.
Redrow’s ethos is based on creating thriving communities by building responsibly and valuing people. The housebuilder utilises its placemaking design principles to ensure social, environmental and economic aspects are incorporated into its developments. This includes communities, such as Colindale Gardens in North London, that will offer a wide range of local amenities for residents, including nine acres of dedicated open space, a new school and improved transport facilities.
In 2017 alone, the housebuilder invested £163million into community development, planted over 5,600 trees and 50% of its homes were built on brownfield land. In addition, 97% of Redrow developments are built within 500 metres of public transport.
Robert Macdiarmid, Group Sustainability Director at Redrow, said: “We work hard to ensure that our developments are thriving communities with space and facilities to enable residents to connect with one another and the wider community. We also recognise the importance of designing places where people can play, get active and spend time in green space and nature, helping them to live happier, healthier lifestyles. We are proud of the work the business has done to rise to third place in this year’s NextGeneration Sustainability Benchmark. However, we are not going to rest on our laurels. Next year we will work even harder to become recognised as the UK’s leading sustainable housebuilder.”
Redrow places a premium on building sustainably. Over 90% of materials and subcontractors are sourced and employed locally to development, 99.9% of the timber in Redrow’s homes is responsibly sourced and the business works tirelessly to ensure that as little construction waste as possible ends up in landfill – in 2017 95% was recycled or diverted for other uses. The business is also actively nurturing the next generation of construction industry employees and 15% of its workforce are classed as trainees.
Redrow was established in 1974. Today, it is one of the most successful and acclaimed property developers in the UK, building over 5,400 premium quality family homes a year in prime locations across England and Wales. Over Redrow’s history spanning more than 40 years, it has earned a unique reputation for quality and building beautiful homes, which people love to live in. To help achieve this it also focusses on two other key areas: valuing people and creating outstanding locations. Implementing its strategy whilst engaging with colleagues and stakeholders helps Redrow deliver significant value to investors and the wider community. Redrow is listed on the London Stock Exchange and is a constituent of the FTSE 250 index. For the year ended 30th June 2017, the Group reported record revenues of £1.65 billion. Redrow has been awarded the ‘Best Large Housebuilder’ title twice in the last three years at the What House? Awards. This year, Redrow was named as a UK Top 100 Apprenticeship Employer for the fourth consecutive year. Visit redrow.co.uk for more details.