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>>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:
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.
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
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:
WE ACHIEVED FOURTH PLACE IN A WWF/INSIGHT INVESTMENT SUSTAINABILITY SURVEY OF LEADING UK HOUSEBUILDERS
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.
^ return to top