Strong social purpose
Grainger has always had a strong social purpose and being a responsible business is a central to who we are, our strategy and our core product of mid-market rental homes.
Responsibility
Our sustainability or Environmental, Social and Governance (ESG) strategy sets out our ambitions to deliver positive outcomes for our people and our communities, to create desirable and healthy homes for our residents, and to secure a strong future for our business, our sector and the wider environment in which we operate.
Our strategic focus areas are supported by long-term commitments that directly address key risks and opportunities for our business and our stakeholders.
Robust ESG governance
Grainger’s Chief Executive and the leadership team have overall responsibility for sustainability. Oversight of delivery of our long-term sustainability commitments is assigned to members of Grainger's Executive Committee and is integrated into individuals’ annual performance objectives.
ESG matters are regularly considered by the PLC Board throughout the year. Formal sustainability updates are provided to the main board and to Grainger’s Executive Committee biannually and informal updates are provided regularly to Grainger’s Management Committee.
Updates include a review of progress against commitments and key performance indicators, assessment of emerging risks and opportunities and strategic planning and resourcing.
An integrated Risk and ESG framework
Sustainability is integrated into Grainger’s corporate risk management framework which considers current and emerging risks including policy and regulation, and physical risks to our property portfolios.
We regularly review our sustainability strategy informed by a materiality review which identifies priority risks and opportunities for Grainger’s stakeholders. This informs the setting of long-term commitments and supporting initiatives.
Specific climate-related risks are reported in Grainger’s annual submission to the CDP Climate Change Program.