Corporate Social Responsibility Interactive Report



Print this page View as a PDF Email someone a link to this page Send feedback Download Centre

Vision, Values and Governance

WE BELIEVE THAT A FOCUS ON ETHICS, GOVERNANCE AND CORPORATE RESPONSIBILITY HELPS TO SECURE THE LONG-TERM SUCCESS AND COMPETITIVENESS OF OUR BUSINESS>>
CSR Management System Our Corporate Social Responsibility (CSR) practices are our response to the immense challenges of sustainable development, defined by the UK government as "integrating economic, environmental and social policies to ensure a better quality of life for everyone, now and for future generations".

The approach we take is outlined below.As a Group,we focus on areas that we consider to be within the boundaries of our responsibilities and that make business sense. We believe that a focus on ethics, governance and corporate responsibility helps to secure the long-term success and competitiveness of our business.

There are five core, non-negotiable values that underpin everything we do. These are:
  • Integrity
  • Customer Focus
  • Continuous improvement
  • Respect for people
  • Teamwork

Governance

The George Wimpey Plc Board is committed to achieving high standards of corporate governance. The Board considers that, during the year under review, it has complied with the provisions of the Combined Code on Corporate Governance. For further details, please refer to our Annual Report and Accounts 2004.

CSR MANAGEMENT

Ultimate responsibility for CSR within our Group rests with the CSR Committee and the Plc Board. Chaired by Non Executive Director Christine Cross, the CSR Committee meets at least three times per year and is responsible for strategy, policies, reporting, performance and monitoring. It is tasked with ensuring that corporate responsibility activity is adequately resourced, has appropriate standing within the Group and is aligned to the needs of the business.

The CSR Committee also highlights significant social, environmental and ethical (SEE) risks and opportunities for the attention of the Board.Major SEE risks and controls are also considered by the Audit Committee and the Board, as appropriate.

As part of their objectives, individual business managers in the UK and US manage the six key areas of focus that are highlighted in our CSR Framework.Managers are supported by a series of working groups.

The health, safety and environmental aspects of our corporate responsibility management are supported by external consultants. To strengthen assurance, we are working towards ISO14001 certification in 2005. Please see links in the left hand column for external verification statements from R G Wilbrey, PROSAFE, RSK ENSR and Wastefile.

The CSR Committee
The CSR committee
1. Christine Cross, Non Executive Director (Chair)
2. Baroness Dean of Thornton-le-Flyde, Non Executive Director
3. Stewart M Cline, President, Morrison Homes
4. Peter Redfern, Chief Executive, George Wimpey UK
5. James Jordan, Group Company Secretary, also attends meetings of the Committee.

supply chain management

In 2004, we explored CSR-related supply chain issues as they affect our companies. Our three main areas of focus are:

  • Open and transparent communication with producers and suppliers
  • Control over specifications and standards
  • Sourcing initiatives (including local, regional and national sourcing)
In each case,we have defined the criteria for decision making, highlighted examples of best practice and set targets for 2005 and beyond.

CSR HIGHLIGHT
4th  PLACE

WE ACHIEVED FOURTH PLACE IN A WWF/INSIGHT INVESTMENT SUSTAINABILITY SURVEY OF LEADING UK HOUSEBUILDERS

external benchmarks

  • A 2004 Deutsche Bank report on corporate governance in the FTSE 350 concluded that "George Wimpey has top quintile governance standards".
  • Governance Metrics International gave George Wimpey a rating of eight out of 10 on governance in 2004, placing us in the top 20% of 2,600 companies reviewed.
  • In a study on household durables by Triodos Bank, George Wimpey achieved first place in the 'people' and ‘transparent and external relations' analysis, although a lower rating in terms of 'planet' placed us sixth of 12 overall on the basis of information contained in the 2002 CSR Report, our first report.
  • CTN Communications published a survey in 2004 on the scope and effectiveness of on-line CSR communications. George Wimpey was placed in joint 25th place among all FTSE 250 companies and joint fourth place if excluding the FTSE 100.

future targets

We will continue to ensure that our policies are practiced, strengthened and embedded throughout our business in 2005 and beyond. We will also measure and report annually on our performance.

Having investigated CSR-related supply chain issues in 2004,we will introduce Supply Chain Management as a new and comprehensive section in our 2005 CSR Report.

STAKEHOLDER ENGAGEMENT
We strive to be a responsive company and enter into dialogue with our stakeholders on a wide range of business and CSR issues.We try to stay informed about developments in CSR and learn from the experience of organisations such as WWF and Business in the Community.

This report and our Annual Report and Accounts provide details of current stakeholder engagement practices.We have defined our primary stakeholders as follows:
  • Shareholders
  • Customers
  • Employees and sub-contractors
  • Communities in which we operate
  • Suppliers and business partners
  • Local, regional and national government
  • Trade and industry bodies
  • Planners and regulators
  • Charities and groups interested in sustainable housing

^ return to top