AGM
Annual General Meeting
APBT
Adjusted profit before tax
APM
Alternative performance measures
AQIs
Audit Quality Indicators
AQR
Audit Quality Review
BSF
Building Safety Fund
CARAs
Crest Annual Recognition Awards
CDP
Carbon Disclosure Project
CEO
Chief Executive Officer
CFO
Chief Financial Officer
CVR
Cost value reconciliation
DBP
Deferred Bonus Plan
EBIT
Earnings before interest and tax
EIR
Environmental Impact Rating: a measure of a home’s impact on the environment in terms of carbon emissions
EPC
Energy Performance Certificate: a measure of the overall energy efficiency of a home
ERP
Enterprise resource planning
ESG
Environmental, social and governance
ESOT
Employee share ownership trust
FHH
Future Homes Hub
FHS
Future Homes Standard
FRC
Financial Reporting Council
FVOCI
Fair value through other comprehensive income
FVTPL
Fair value through profit or loss
GDV
Gross development value
GHG
Greenhouse gas
HBF
Home Builders Federation
HVO
Hydrotreated vegetable oil
IFRS
International Financial Reporting Standards
IPPF
International Professional Practice Framework
ISSB
International Sustainability Standards Board
Joint Plan to Accelerate
Joint plan to accelerate developer-led remediation and improve resident experience
KPI
Key performance indicator
LPG
Liquid petroleum gas
LTIP
Long-Term Incentive Plan
NED
Non-Executive Director
NHBC
National House Building Council
NHQC
New Homes Quality Code
NRV
Net realisable value
OFWAT
The Water Services Regulation Authority
PBT
Profit before tax
RCF
Revolving Credit Facility
RCP
Representative Concentration Pathways: trajectories of greenhouse gas concentrations that provide a broad range of climate outcomes
ROCE
Return on capital employed
RPDT
Residential property developer tax
RICS
The Royal Institution of Chartered Surveyors
SaaS
Software as a Service
SBTi
Science Based Targets initiative
SHE
Safety, health and environment
SID
Senior Independent Director
SPOW
Sales per outlet per week
SuDS
Sustainable drainage systems
TCFD
Task Force on Climate-related Financial Disclosures
tCO₂e
Tonnes of carbon dioxide equivalent
WiP
Work in progress