Barratt Redrow plc – Annual report – 28 June 2026
Industry: real estate
Section 172 Statement
Promoting long-term success through stakeholder engagement
Stakeholder relationships are a key source of value and promote the long-term sustainable success of the Company.
Stakeholder engagement plays a key role in the development and execution of our strategy and is critical to achieving long-term sustainable success. We are committed to high standards of corporate governance and making sure that the principles set out in Section 172 of the Companies Act 2006 are embedded in our culture and all that we do as a Company.
On the following pages we set out how we as a Board engage with our stakeholders and ensure that all stakeholder views, whether positive or negative, are understood and embedded into our discussions and decision-making process.
You can read about how we have paid due regard to the Section 172 principles on page 40.
As a Board we review the Company’s key stakeholder groups annually to ensure they continue to reflect those stakeholders most important to the delivery of the Company’s strategy and long-term success. To ensure that engagement remains effective, we also review key metrics and performance indicators for various engagement activities. During FY26, we considered stakeholder engagement as part of the Board evaluation process and, whilst satisfied that engagement remained effective for fostering business relationships, we agreed actions to further enhance direct engagement between Board members and the Company’s key stakeholder groups. Further details on progress against this action are set out on page 93.
Most day-to-day decisions and stakeholder engagement activities are carried out by members of our Executive Committee and senior management team. Our values, as set out on page 6, are closely aligned to the Section 172 principles and are embedded in our culture, ensuring that our key stakeholders and the Section 172 principles are considered during the decision-making process at all levels of the business. We appreciate that there may be times when conflicts arise between different stakeholder groups and that it is not always possible to provide positive outcomes for all. In such circumstances, we seek to understand the needs and priorities of each stakeholder group and make the decision from the perspective of the long-term sustainable success of the business.
Section 172 principles
How we applied the principles in FY26
Stakeholder engagement
