The property developer and housebuilder has devised a framework which involves six key focus points where it is evolving its working practices and collaborating with stakeholders.
Strategic areas include biodiversity and sustainable environments, diversity and inclusion, education and future skills, health and wellbeing, and responsible operational practices and partnerships.
St Modwen has also made a commitment to invest 1% of cash profits annually into education partnerships.
“The world is changing, and there is a new business climate where purpose and profit are inextricably linked,” said Rob Hudson, chief finance and operations officer.
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“Given our active role in the built environment, we take our wider responsibilities seriously and understand how important it is to put into practice strategies that place people and the planet at the heart of how we do business.
“We know that the environment, good working practices and the impact businesses have on society is front of mind among the full spectrum of our stakeholders.
“This includes our colleagues, the partners we work with, the communities we serve and investors who are placing increasing emphasis on ESG [environmental, social and governance] in the global capital markets.”
Rob added that St Modwen would be focusing on how the company designs, builds, operates and deconstructs its buildings, as well as sourcing materials and products that will help it to reach its target.