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 £13.84bn 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. 59% of Berkeley Group employees chose to actively contribute to the charity in 2022/23, through time, fundraising or donations.
We are aiming for every employee to engage in this important work, to help the Foundation build a society where every person can thrive.
18.7% pre-tax return on equity
In 2022/23, our contribution to UK GDP was £2.6bn
59% of employees got involved in supporting the Berkeley Foundation in 2022/23
Awards, Accreditations & Partnerships
FTSE4 Good Index Series
Long Term Business Success Award
Management Today Business Leadership Awards
Better Society Awards
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.
Green Bond to Finance Energy Efficient Homes on Brownfield Land
Berkeley is set to raise £400 million through the issue of a Green Bond, with the proceeds earmarked to deliver energy-efficient homes on brownfield regeneration sites.
2023 Annual Report
An overview of financial and non-financial performance is detailed for 1 May 2022 to 30 April 2023 in the Berkeley Group’s 2023 Annual Report.Find Out More