08 December 2017
Benchmarking is the process by which companies compare their performance against a recognised external standard (“a benchmark”). In “benchmarking clubs”, like NextGeneration, companies can also compare their performance against their peers.
Benchmarking is commonly used in all industries to enable companies to better understand their current performance, set improvement targets and share best practices for mutual advantage.
The benchmark is carried out in two phases: Phase 1 where publicly available information is reviewed and Phase 2 where members can increase their score by providing evidence of activities that are not discussed in public reports.
Barratt Homes have achieved 3rd place in Next Generation Sustainability Benchmark (with 79%), resulting in their title of the highest-scoring national housebuilder. They also hold the ET Global 2016 Sector Carbon Leader Award. Check out the Barratt sustainability contributions in full online here.
Redrow, a leading UK housebuilder, has risen to third in this year’s NextGeneration Sustainability Benchmark – an independent, industry-specific initiative that benchmarks the sustainability performance of the UK’s top 25 house builders. Other housebuilders such as Taylor Wimpey, Linden Homes, and Barratt have come out as top performers against the UK industry average for sustainability. View the graph here.
The 2017 NextGeneration Benchmark report rigorously evaluates the annual progress the homebuilding sector has made in delivering sustainable development while highlighting best-in-class performance within the industry. Having received a Gold Award last year, Redrow’s move up the league table of housebuilders, from fourth place to third, shows the business’ sustainability strategy is delivering real social and environmental value.
Redrow’s ethos is based on creating thriving communities by building responsibly and valuing people. The housebuilder utilises its placemaking design principles to ensure social, environmental and economic aspects are incorporated into its developments. This includes communities, such as Colindale Gardens in North London, that will offer a wide range of local amenities for residents, including nine acres of dedicated open space, a new school, and improved transport facilities.
In 2017 alone, the housebuilder invested £163million into community development, planted over 5,600 trees and 50% of its homes were built on brownfield land. In addition, 97% of Redrow developments are built within 500 metres of public transport.
Group Sustainability Director
Redrow places a premium on building sustainably. Over 90% of materials and subcontractors are sourced and employed locally to development, 99.9% of the timber in Redrow’s homes is responsibly sourced and the business works tirelessly to ensure that as little construction waste as possible ends up in landfill – in 2017 95% was recycled or diverted for other uses. The business is also actively nurturing the next generation of construction industry employees and 15% of its workforce are classed as trainees.
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