The UK housebuilding industry is continually changing. Undertaking materiality reviews helps us structure our approach to being a responsible businesses by helping to identify and address the issues that matter most to our business and our stakeholders.
Our business strategy, Our Vision, is updated every two years to respond to key challenges and opportunities facing Berkeley, our industry and other business sectors. Before launching new targets, we undertake extensive research and materiality reviews, the last of which started in autumn 2015 and the next is due to take place in the autumn of 2017. This occurred in three stages:
As a result of the materiality review, the draft Our Vision commitments were amended to reflect the priorities of our stakeholders.
We continue to engage with stakeholders and the industry to ensure that we address the issues that matter most, and welcome any feedback. We intended to formally engage with more external stakeholders in our next materiality review, which is due to begin in autumn 2017.