Sustainability

At Stonewood, we design, build and craft beautiful places and spaces that leave a lasting legacy. Our mission is to be the most sustainable contractor and developer, creating beautiful buildings that are highly sustainable and positively enhance the environment and people we serve now and into the future.

We understand that the climate crisis represents the most pressing issue to the global community. As a Group, we hold responsibility in ensuring the longevity of the natural and social resources we engage with. We recognise that it requires a proportionate and holistic approach to minimise our impact as a Group, ensuring we are conscientious in all areas of our operations.

Our Group-wide sustainability strategy – Building a More Sustainable Stonewood – focuses on three priority areas: Cutting Carbon, Conserving Resources and People. We aim to cut Scope 1 and 2 emissions by 42% by 2030 and achieve Net Zero by 2050, verified by the Science Based Target Initiative. We’ll ensure our resources go further, maximising value and minimised our footprint. We’ll also continue to invest in our workforce and communities to ensure long-term prosperity and wellbeing for all our stakeholders.

Our sustainability commitment is both top-down and bottom-up, with ultimate ownership and accountability sitting with the Holding’s Board. The Corporate Governance Committee hold responsibility for strategy development whereas Divisional Managing Directors are responsible for engraining sustainable interventions into business practice. Feedback from our Staff Focus Group is considered at all levels of governance, ensuring the voices of and ideas from our workforce are represented and contribute towards the Group’s strategy progression.

CUTTING CARBON

Construction is a very carbon intensive industry making up 40% of total greenhouse gas emissions globally. This is why Cutting Carbon is a core focus area for Stonewood.

We’re focusing our reducing emissions in our operations within our direct control initially, with a target of 42% reduction in Scope 1 and 2 emissions by 2030.

CONSERVING RESOURCES

We recognise that the construction industry relies heavily on raw materials, energy and water resources, and generates large volumes of waste. This linear model of consumption of finite resources against a backdrop of increasing population sizes is inherently unsustainable, requiring a cultural shift towards the preservation and reuse of resources to minimise harmful environmental and social impacts.

PEOPLE

People are at the heart of everything we do, and we recognise that the wellbeing of our employees, customers and communities is the crux of Stonewood’s success.

A sustainable community meets the needs of everyone in it. It is a place where people feel safe, healthy and happy, and where people want to live and work, now and into the future.