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23 January 2004
The company is playing a valuable role in demonstrating to others in the industry, and beyond, how to move towards best practice on sustainability.
Rachel Crossley, Director of Investor Responsibility at Insight Investment.
WWF / Insight Investment recently named Countryside Properties as the leading housebuilder for its outstanding contribution towards sustainable development.
WWF, the global environmental network, in partnership with Insight Investment (a part of the Halifax Bank of Scotland Group), launched a research project to benchmark UK housebuilders' approach towards managing sustainability related risks and impacts, as part of WWF's One Million Sustainable Homes campaign. The thirteen largest UK listed housebuilders were evaluated for the first time on their impacts on the environment and society, as well as their governance and risk management. The survey included the analysis of publicly available information, and meetings with the companies.
Countryside Properties scored 92% whilst the second placed company achieved 71%. The average survey score was 47%.
Rachel Crossley, Director of Investor Responsibility at Insight Investment comments, "Countryside Properties has clearly demonstrated that it is fully aware of the sustainability agenda and that it is working actively to address its risks and impacts. The company is playing a valuable role in demonstrating to others in the industry, and beyond, how to move towards best practice on sustainability."
Alan Cherry, Chairman of Countryside Properties PLC, comments, "As an innovative, responsible developer that believes in creating a positive legacy for future generations, we are totally committed to implementing the principles of sustainable development throughout our business. We are very pleased to have been placed first in this important survey in recognition of the actions we are constantly taking to improve our environmental, social and ethical performance."
Further details of Countryside Properties sustainability performance can be found in its recently issued Environmental, Social and Ethical Review and Report 2003 which can be accessed at www.countryside-properties.com/ese Countryside Properties is a member of the FTSE4Good Index series.
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Information correct as at 23/01/2004