The social and affordable housing sector has both strong impact credentials and attractive financial characteristics. However, it has struggled to demonstrate these benefits and attract investment. We are part of a coalition that wants to make it easier for lenders and investors to assess Environmental, Social and Governance (ESG) performance of housing providers and identify ESG risks as well as opportunities to create positive social and environmental outcomes.
What we did to achieve it
We helped establish a Sustainability Reporting Standard for Social Housing, informing a sector-standard approach for ESG reporting in UK social housing. The Standard, which was launched in November 2020, provides a voluntary reporting framework for housing providers to report on their ESG performance in a transparent, consistent and comparable way.
The implementation of those standards will be overseen by the Social and Affordable Housing Sustainability Reporting Standards Board, which we are supporting as an interim secretariat and will continue to collaborate with in the future.