Our goal is to allocate capital to deliver sustainable returns to our shareholders whilst creating value for our other stakeholders including through the work of the Berkeley Foundation.
Our long-term strategy is to invest in opportunities with the right risk-adjusted returns, while ensuring our financial strength reflects the prevailing macro environment, and to make returns to the shareholders who support us to achieve our purpose. We have a unique operating model that is responsive to the cyclical nature of the housing market and focuses on transforming the most challenging and complex sites into exceptional places where communities thrive. Our Vision 2030 is about ensuring that we do this whilst also creating value for our other stakeholders, including through the work of the Berkeley Foundation.
Delivering returns to our shareholders whilst creating value for other stakeholders
We will continue to deliver sustainable returns to our shareholders across the cycle, whilst creating value to our other stakeholders.
The housing market is cyclical in nature and is one of the key indicators of the health of the economy. Berkeley has a strong track record of delivering homes through numerous market cycles, predominantly in London and the South East of England.
Value to society
Undertaking a broader assessment of our value to society across a range of indicators
We take a broad view of our impact on society, understanding that it is not limited to the boundary of our sites. For several years we have quantified our contribution as a business, in terms of the homes we create, the tax we pay and the jobs we create. Over the last five years we have contributed £2.1bn to community facilities including affordable housing, and £14bn in total to the UK economy.
We're now working to expand this assessment across a broader range of indicators, both positive and negative, in order to quantify the value that our activities have on society. This includes the benefits of early careers training, investment in site health and safety, innovative practices, together with the impacts that we have, such as from greenhouse gas emissions.
The Berkeley Foundation
Engaging all employees in the work of the Berkeley Foundation
The Berkeley Foundation is a registered charity, working in partnership with the voluntary sector to focus the skills, resources and fundraising efforts of the Berkeley Group on helping people overcome barriers, improve their lives and build a fairer society. 63% of Berkeley Group staff directly contribute to the Foundation and volunteer more than 10,000 hours of their time each year.
We are aiming for every employee to engage in this important work, to help the Foundation build a society where every person can thrive.