Shared Value
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 Approach
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.
Sustainable Returns
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.
We seek to find the optimum development solution for each site in terms of both the social, natural and economic value for all stakeholders, and the returns we deliver to our shareholders. We firmly believe these two are mutually compatible and reinforcing.
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 £2.0bn to community facilities including affordable housing, and £13.3bn in total to the UK economy.
In 2020, we undertook an assessment of our business activities 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, and innovative practices, together with the impacts that we have, such as greenhouse gas emissions. We plan to refresh the assessment over the coming year.
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. 61% of Berkeley Group employees chose to actively contribute to the charity in 2023/24, through time, fundraising or donations.
We have offered work placements and job opportunities, held careers days to help young people about to start their journey into employment and shared our expertise through skilled volunteering. We aim for every employee to engage in this important work, to help the Foundation build a society where every person can thrive.
More information can be found on the Berkeley Foundation website here.
Highlights
16.2% pre-tax return on equity
In 2023/24, our contribution to UK GDP was £2.5bn
61% of employees got involved in supporting the Berkeley Foundation in 2023/24
Awards, Accreditations & Partnerships
Listed Company
FTSE4 Good Index Series
S&P Global Corporate Sustainability Assessment (CSA)
Long Term Business Success Award
Management Today Business Leadership Awards
Latest News
Victorian Gasholder Hosts a Cricketing First to Mark £750,000 Commitment to Disability Sport
The world’s most iconic gasholder became the stage of a cricketing masterclass today, as teams from the Lord’s Taverners, Surrey Cricket Club and Berkeley played matches at Oval Village in Lambeth.
Berkeley Foundation Launches New Partnership with Groundwork London
The Berkeley Foundation is investing £300,000 into a new bespoke youth leadership programme delivered by Groundwork London.
New Partnership with New Horizon Youth Centre to Tackle Homelessness in London
A new three-year partnership between the Berkeley Foundation and Camden-based charity New Horizon Youth Centre will support young Londoners experiencing homelessness to move into safe and sustainable housing.
Berkeley Wins Management Today Award
We’re delighted to announce that Berkeley Group has won this years’ Management Today Award for ‘Long-Term Business Success’.
Further Information
2024 Annual Report
An overview of financial and non-financial performance is detailed for 1 May 2023 to 30 April 2024 in the Berkeley Group’s 2024 Annual Report.
Find Out More
Annual Report 2024 - PDF Version
Berkeley Foundation 2030 Strategic Plan
An overview of the Berkeley Foundation’s strategy, making sure the Foundation is fit for purpose for the 2020s and ready to meet the needs of young people and their communities.
2030 Strategic Plan
Our Vision 2030: 2024 Progress Update
This extract from the Berkeley Group’s 2024 Annual Report provides an update on progress towards meeting our targets across each of our ten strategic priorities and details highlights for the period May 2023 to April 2024.
Our Vision 2030