Governance

The Sustainability Committee is responsible for developing and overseeing the sustainability strategy, policies and objectives.

Reporting directly to the Board, the Sustainability Committee is chaired by the Group Chief Executive and members include the Group Sustainability Director, the Group Strategy and Regulatory Director, the Company Secretary, the Chief Customer Experience Officer, the Group Construction Director and the Deputy UK Managing Director. The Board receives updates on sustainability issues and performance at each of its meetings via the Group Chief Executive’s Report and Business Update, and bi-annual presentations from the Group Sustainability Director.

The Sustainability Committee held three meetings in 2025; topics covered included the sustainability strategy review and implementation plan, business readiness planning for the Future Homes Standard (’FHS’), sustainability performance tracking, carbon reduction progress, climate risk and TCFD reporting, ecology and Biodiversity Net Gain updates, PSP award environmental metric updates, the Group’s framework for the prevention of modern slavery and the Group’s Modern Slavery Statement, and policy reviews and updates.

The Sustainability Committee also supports the Board’s oversight of climate change matters and oversees the implementation of the Group’s climate change strategy. The Sustainability Committee ensures climate issues are being effectively considered and managed and reports its findings and recommendations to the Board. During 2025 a detailed transition risk analysis was undertaken to financially quantify the key material transition risks facing the Group.