ESG Overview (continued)

Governance is afforded significant focus within the Annual Report and our separate Governance Section continues on pages 38-49.

JDC is focused on balancing the environmental, social and financial elements of its regeneration projects and is committed to supporting the Government of Jersey with its long-term strategic goals.

In October 2022 the Board approved the Company’s first ESG Strategy. As a public company, we recognise that our operations affect many people and more of the planet than the 45sq miles that our island covers.

We identified that we have three spheres of influence; the Company, the Supply Chain and the Community. We have most influence over Company decisions with respect to ESG, significant influence over Supply Chain, but lesser authority over the Community.

Targets and goals within each sphere were identified to align with the ESG strategy, ranging from green spaces, modern methods of construction, contemporary housing and safe working environments.

The Strategy considers and addresses the construction industry’s significant impact on both the environment and society, aligns with the Government of Jersey’s roadmap to achieve Net Zero by 2050 and considers the Jersey Performance Framework (the JPF), reflecting how JDC contributes to the ‘outcome measures’ of the Framework, particularly with reference to Environmental and Community considerations, to validate our contribution.

The JPF draws on the 17 UN Sustainable Development Goals. During the process of setting our ESG Strategy we conducted a double materiality assessment, which considers the Company’s impact on the planet, as well as the planet’s changing impact on the Company. This helped identify which of the goals are most relevant to JDC and mapped our strategy across those.

Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation

Ensure sustainable consumption and production patterns

Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss.