Peabody has published its first ESG report, setting a benchmark for the housing association’s future performance.
The report details Peabody’s annual performance against the 48 sector-wide metrics set out in the Sustainability Reporting Standard for Social Housing.
Peabody chair Lord Kerslake said: “Our first ESG report highlights the enormously positive impact Peabody makes, but it is also a tool to drive improvements in the future. We are not complacent, we want to do better, and the process of reporting against these important criteria will help us to do that year on year.”
The housing association said that its three-year sustainability strategy was now in place and that all new homes were now at EPC B rating or above.
Peabody said it had invested 394m into new and existing homes with rents £477m lower than market rates, averaging at £120 per week. It has also fulfilled its commitment to pay all its employees more than the living wage.
The reporting standard is organised into nine themes: affordability and security; building safety and quality; resident voice; resident support; placemaking; climate change; ecology; resource management; and structure and governance.
They were developed collaboratively with 18 other housing associations, banks, investors, service providers and impact investing organisations and published in November 2020.
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