The Board recognises that effective stakeholder engagement is a key component of good corporate governance and will help to promote long-term, sustainable success and growth.
Whilst the Board recognises its statutory obligation to do so under s.172(1) of the Companies Act 2006, its engagement and collaboration with stakeholders are not merely a matter of statutory compliance: doing so effectively is key to delivering against our Purpose and our commercial success.
As we are constantly interacting with a wide range of stakeholders, the reporting of stakeholder impact has been embedded into Board project appraisals. Transaction templates presented to the Board focus discussion on: how each project supports the delivery of our Purpose and aligns with our strategy; the environmental and societal impact of each project; the impact of each project on our external stakeholder groups; and resourcing for each project.
The Board having regard to these matters in its discussions and decision making is fundamental to creating sustainable places where people want to live and work.
Read our full stakeholder report: