Taylor Wimpey Plc (LON:TW)

Taylor Wimpey plc is among of the largest UK-based housebuilding companies. It is a residential developer primarily operating at a local level from 23 regional businesses across the UK, and it also has operations in Spain. It was founded in the year 2007 with the merger of George Wimpey and Taylor Woodrow and its headquarters are situated in High Wycombe, United Kingdom. The company is listed on the main market of the London Stock Exchange since 1947 and is also a constituent of the FTSE 100 index.

A wide range of homes is offered by the company in the UK, from apartments to six-bedroom houses. The price range of the houses initiates from under £70,000 to more than £3 million, covering buyers with varied financial backgrounds. Excluding joint ventures, 15,520 new homes were completed by the company in 2019. 23% of our total 2019 completions were represented by affordable housing across the UK. On an average, more than 15,000 high-quality homes are built and sold by the company every year.  The main goal of the company is to create thriving communities by offering great homes to live in. Offering industry-leading build quality, Taylor Wimpey aims to build a better world by acting as a responsible residential developer and support the local economic activity while helping customers adopt a more sustainable lifestyle.

It has a comprehensive Environmental, Social, and Governance (ESG) framework in place and aligns itself with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) for disclosure of its climate-related activities. It aims to minimize the impact of its business activities on the environment and create long-term value for the business as well as all its stakeholders, including customers, employees, partners, investors and the wider community.

In terms of corporate governance, Taylor Wimpey plc follows a set of rules which aligns itself with the 2018 UK Corporate Governance Code. Its board has set up separate committees for audit, remuneration, and nomination. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, accountability, equality, and diversity. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities and complies with international best practices and guidelines to create a sustainable business.