We have identified a number of key risk areas that drive the basic principles of our approach to sustainability.
- Physical/weather-related risks — the changes in weather patterns and frequency of weather events, particularly storms and flooding, that may increase the likelihood of disruption to our construction process
- Regulatory risks — changes to national regulation resulting in environmental and other standards which could cause additional planning delays and increase our construction and compliance costs
- Financial risks — the availability of mortgages and house insurance and thus consumer demand
- Product risk — meeting increased Government and customer demands for sustainable housing
- Supply chain risk — ensure that key materials used in the build process are consistently and readily available. As part of this, we monitor how changes to regulation could increase the cost of materials or limit their supply.
- Reputational risk — meeting the expectations of shareholders and other stakeholders, protecting our reputation and ensuring our ability to adapt to changing consumer and regulatory needs
- Human Resource risk — our ability to attract, retain and motivate employees of the requisite quality and with the relevant skills to deliver our business strategy
These risks are reviewed and updated on a regular basis.
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