Watkin Jones plc Launch of ESG targets (9921Q)
02 November 2021 - 6:00PM
UK Regulatory
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RNS Number : 9921Q
Watkin Jones plc
02 November 2021
For immediate release 2 November 2021
Watkin Jones plc
('WJ' or the 'Group')
Launch of ESG targets
Watkin Jones plc (AIM:WJG), the UK's leading developer and
manager of residential for rent homes, announces new targets for
the Group's ESG strategy. These targets have focused on three key
pillars of future people, future places and future planet. Full
details of the targets and a discussion on how these targets will
be reached will be included in the Group's virtual Capital Markets
Day presentation at 2pm today. To register, please contact Buchanan
at watkinjones@buchanan.uk.com.
Our future people
WJ is focused on creating a workplace underpinned by diversity
and inclusion, where health and wellbeing are a priority.
Examples of the Group's ambitions include:
-- Increase employee engagement to 80% by 2025
-- Increase employee volunteering to 5,000 hours by 2025 and 10,000 by 2030
-- Workforce population to better reflect national demographic by 2025
Our future places
WJ is focused on optimising the experience of its customers and
client satisfaction by delivering buildings and services that meet
their needs and are of the highest quality.
In order to engage with key stakeholders and create positive
places to live, we aim to achieve:
-- NPS (customer) +10 by 2025 and +20 by 2030
-- NPS (client) +10 by 2025 and +25 by 2030
-- 100% PBSA BREEAM Excellent by 2025 and 50% outstanding by 2030
-- 100% BtR HQM 4 star rating by 2030
Our future planet
WJ's ambition to is to minimise the Group's environmental
footprint by reducing carbon emissions within its supply chain,
making workplaces and developments more energy and water efficient,
and reducing waste.
In our approach to climate change, examples of WJ's commitments
include:
-- Net zero Scope 1 and 2 and a meaningful reduction in Scope 3 emissions by 2030
-- A requirement that all our suppliers have in place an ISO
14001 accredited environmental management system by 2025
-- Installation of heat pumps in all new developments by 2023
Richard Simpson, Chief Executive Officer of Watkin Jones, said:
"Reducing the carbon footprint and prioritising WJ's ESG
credentials are a key priority and we hope the targets launched
today demonstrate the commitment we are making to building a more
sustainable future for all of our stakeholders."
For more details, see www.watkinjonesplc.com/ESG .
- Ends -
For further information:
Watkin Jones plc
Richard Simpson, Chief Executive Officer Tel: +44 (0) 20 3617 4453
Phil Byrom, Chief Financial Officer www.watkinjonesplc.com
Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker) Tel: +44 (0) 20 7418 8900
Mike Bell / Ed Allsopp www.peelhunt.com
Jefferies Hoare Govett (Joint Corporate Broker) Tel: +44 (0) 20 7029 8000
Max Jones / Will Soutar www.jefferies.com
Media enquiries:
Buchanan
Henry Harrison-Topham / Steph Whitmore Tel: +44 (0) 20 7466 5000
watkinjones@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Watkin Jones is the UK's leading developer and manager of
residential for rent, with a focus on the build to rent and student
accommodation sectors. The Group has strong relationships with
institutional investors, and a reputation for successful,
on-time-delivery of high quality developments. Since 1999, Watkin
Jones has delivered 46,000 student beds across 136 sites, making it
a key player and leader in the UK purpose-built student
accommodation market, and is increasingly expanding its operations
into the build to rent sector. In addition, Fresh, the Group's
specialist accommodation management business, manages over 22,000
student beds and build to rent apartments on behalf of its
institutional clients. Watkin Jones has also been responsible for
over 80 residential developments, ranging from starter homes to
executive housing and apartments. The Group is currently piloting
an opportunity to re-position its homes business as a developer of
affordable homes.
The Group's competitive advantage lies in its experienced
management team and capital-light business model, which enables it
to offer an end-to-end solution for investors, delivered entirely
in-house with minimal reliance on third parties, across the entire
life cycle of an asset.
Watkin Jones was admitted to trading on AIM in March 2016 with
the ticker WJG.L. For additional information please visit
www.watkinjonesplc.com
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