Responsible Business Strategy

RNS Number : 7665Z

Boot(Henry) PLC

27 January 2022

 

27January 2022

HENRY BOOT PLC

('Henry Boot' or 'the Group')

Henry Boot Launches Responsible Business Strategy

Henry Boot is delighted to launch Phase 2 of its Responsible Business Strategy (RB Strategy), which sets ambitious targets aimed at further embedding its environmental, social and governance (ESG) approach into the business's commercial and strategic decision making.

This follows closely on from Phase 1, known as 135 Henry Boot which launched three new strategic initiatives for 2021:

· Community Partnership Plan

· Equality, Diversity and Inclusion Strategy

· Net Zero Carbon (NZC) Framework - including a target to be NZC for Scopes 1 & 2 by 2030

135 Henry Boot has put the Group in a strong position to develop Phase 2 of its RB Strategy from 2022 onwards. Phase 2 aims to align ESG with its commercial strategy and lays out clear targets to be achieved by 2025. Throughout the development of Phase 2, Henry Boot's people and various stakeholders have been engaged to ensure that the social and environmental issues that matter most to them, and which the Group can have the greatest influence on, are addressed.

The strategy is guided by three principal objectives:

· To further embed ESG factors into its commercial decision making, so that the business adapts, ensuring long term sustainability and value creation for the Group's stakeholders.

· To empower and engage its people to deliver long-term meaningful change and impact for the communities and environments Henry Boot work in.

· To focus the Group on issues deemed to be most significant and material to the business and hold ourselves accountable by reporting regularly on progress.

Henry Boot's Responsible Business Committee, a Committee of the PLC Board, will oversee the Strategy to ensure that the medium-term objectives are met. It will also provide regular updates on progress so that all the Group's partners and stakeholders can consistently understand its approach and impact.

Tim Roberts, Chief Executive Officer said:

'I am proud to be leading a business that is looking to address the challenges our environment and society face today. Phase 2 of our RB Strategy clearly sets out an approach and targets that will help address these challenges whilst ensuring we continue to leave a lasting positive legacy for the people, communities and environments in which we operate.'

A downloadable version of Henry Boot's RB Strategy, including full details on the Phase 2 targets, can be downloaded here .

Enquiries:

Henry Boot PLC

Tim Roberts, Chief Executive Officer

Darren Littlewood, Group Finance Director

Daniel Boot, Group Communications Manager

Tel: [phone]

www.henryboot.co.uk

Numis Securities Limited

Joint Corporate Broker

Garry Levin

Tel: [phone]

Peel Hunt LLP

Joint Corporate Broker

Charles Batten/Harry Nicholas

Tel: [phone]

About Henry Boot PLC

Henry Boot PLC (BOOT.L) was established over 135 years ago and is one of the UK's leading and long-standing property investment and development, land promotion and construction companies. Based in Sheffield, the Group is comprised of the following three segments:

Land Promotion:
Hallam Land Management Limited

Property Investment and Development:
Henry Boot Developments Limited (HBD) , Stonebridge Homes Limited

Construction:
Henry Boot Construction Limited , Banner Plant Limited , Road Link (A69) Limited

The Group possesses a high-quality strategic land portfolio, a proven reputation in the property development market for creating places with purpose, backed by a substantial investment property portfolio and an expanding, jointly owned, housebuilding business. It has a construction specialism in both the public and private sectors, a plant hire business, and generates strong cash flows from its PFI contract, Road Link (A69) Limited.

www.henryboot.co.uk

 

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