Our goal

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 the 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.

Publications

In 2017, Dame Elizabeth Corley, Chair of the Impact Investing Institute, convened the first meeting of the Taskforce for Growing a Culture of Social Impact Investing in the UK. Since then, the impact investing market has developed significantly – but until now there has not been an estimate of the size of the UK market in its totality. Our report, “Estimating and describing the UK impact investing market”, published in partnership with EY and supported by the Department for Digital, Media, Culture and Sport and Big Society Capital, sets out to change this.

In partnership with Property Funds Research and supported by Homes England and Investment Property Forum, we have published a ground-breaking and comprehensive report detailing the investment case for UK social housing.

In our first impact report for 2019-20, we are reflecting on our achievements of our first year and are looking ahead to how we can work towards our goal of improving people’s lives, as more capital contributes to addressing social and environmental challenges.

News & Views

The Leadership Council, in partnership with the charity pilotlight, have published a new report, The Great British Talent Swap, calling for a sharing of talent and experience between the charitable and commercial sectors.

The last two months have been very productive ones for the Institute. We have been making progress on several different workstreams, including the compatibility of pension trustees’ fiduciary duty and impact investing, impact measurement, management and reporting in the social housing sector.

It has been a couple of weeks since we first updated you about our response to the coronavirus crisis, our activities since our launch in November and our plans for the coming months. The human and economic cost of this pandemic has been devastating for individuals, families and businesses and we are likely to experience the aftershocks for a very long time.

Events

The Finance for Impact Summit on Monday, 18 July 2022 will bring together leaders of finance, business, governments and other institutions from around the world to discuss how we can better harness finance for the good of people and the planet. This one-day event will be held in person at Mansion House in London, and streamed live to a global audience.

The UK continues to experience significant shortages of affordable housing and yet the role of private finance in contributing answers to this…