We seek to conduct our business in a socially responsible manner at all times
In 2005, we commissioned a comprehensive external review to ensure that our CSR strategy continues to address those issues that bear most relevance to our unique business.
Our strategic advisers, have conducted a review of our key impact areas and undertook structured interviews with a wide range of stakeholders. This has resulted in a reformulation of our CSR policy statement and long-term CSR objectives to better reflect the most significant economic, social and environmental issues for our business.
CSR Policy statement
Grainger plc is the UK's largest quoted residential property investor owning over 12,000 units. As such, we manage residential and commercial space as well as undertaking residential and mixed use developments. We recognise that our activities can have an adverse impact on the natural environment through the consumption of resources and the generation of waste and pollution, and we seek to reduce this as far as possible. We also strive to address the economic and social impacts that we have in relation to our key stakeholders, including investors, employees, tenants and customers, local communities and suppliers.
We view compliance with relevant environmental and social legislation as a minimum standard, and seek to perform in line with good practice standards of relevance to our industry. Our goal is to continually improve our economic, environmental and social performance, which we achieve by setting meaningful objectives and targets, and reviewing these on a regular basis. We believe that transparency and accountability should underpin our CSR commitments, so we will report publicly on our management and performance in this area. We are also committed to engaging into dialogue with our stakeholders, and enabling them to influence our approach to CSR.
This policy was last reviewed and updated in October 2005. It is accompanied by a set of strategic CSR objectives, which reflect our most significant areas of responsibility.
Rupert Dickinson Chief executive officer
20 December 2005
