Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethical Housing
• Social Impact

Social Achievements

• Delivered our first Supported Housing development, providing six new places for adults with physical & learning disabilities.

Governance Achievements

• Joined MSCI IPD UK Residential Property Index
• Joined Social Stock Exchange/Impact Investment Network
• Named "Impact Company of the Year" at the 2018 NEX Exchange Small Cap Awards

Climate Goals & Targets

Environmental Challenges

• The Group portfolio is exclusively invested in the UK and therefore exposed to the risks and uncertainties of the UK economy. The value of the properties are subject to fluctuating market conditions and may be affected by consumer confidence, the performance of the UK economy and liquidity in the market.
• Ongoing requirement to fund its activities through the debt and/or equity markets and in the future to obtain finance for property acquisitions. There is no certainty that such funds will be available when needed and thus inhibit growth.

Mitigation Strategies

• Regular fundraising by the directors to mitigate the risk of insufficient capital for portfolio growth.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Impact Company of the Year at the 2018 NEX Exchange Small Cap Awards

Environmental Metrics

ESG Focus Areas

• Ethical Housing

Social Achievements

• Addressing the UK’s social housing needs by originating and developing projects in partnership with Local Authorities, Housing Associations and Charities.
• Named “Impact Company of the Year” at the NEX Exchange Small Cap Awards in June 2018.

Climate Goals & Targets

Environmental Challenges

• Exposure to risks and uncertainties of the UK economy.
• Fluctuating market conditions affecting property values.
• Interest rate risk due to revolving credit facility.
• Requirement to fund activities through debt and/or equity markets, with no certainty of funds availability.

Mitigation Strategies

• Regular fundraising by directors to mitigate portfolio growth risk.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: FRS 102

Third-party Assurance: Kingston Smith LLP

Awards & Recognition

• Impact Company of the Year

Environmental Metrics

ESG Focus Areas

• Ethical housing
• Social housing
• Environmental impact of developments

Environmental Achievements

• Improved design, specification and quality of homes to offer competitive and sustainable rents
• Minimized disruption to residents during redevelopment of Didcot property

Social Achievements

• Developed a high-quality adaptable home in Didcot for four adults with physical & learning disabilities, successfully handed over and let on a 25-year lease.
• Provided security of tenure with a long-term lease on the Didcot property.
• Positive feedback from residents on the Didcot property redevelopment.

Governance Achievements

• Directors acted in accordance with Section 172 of the UK’s Companies Act, considering long-term consequences, employee interests, business relationships, community and environmental impact, reputation, and fair treatment of members.

Climate Goals & Targets

Environmental Challenges

• Need for further capital to increase portfolio size
• Fluctuating market conditions affecting property values
• Interest rate risk due to revolving credit facility
• Uncertainty of future funding availability
• Share price lower than net asset value

Mitigation Strategies

• Regular fundraising by directors
• Disposal of London residential assets to recycle capital into Specialist Supported Housing
• Working to increase awareness of Walls & Futures REIT plc to a wider range of investors

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: FRS 102

Third-party Assurance: Moore Kingston Smith LLP

Sustainable Products & Innovation

• Adaptable homes designed to support a wide range of specialist care needs

Awards & Recognition

• Nominated for the “Impact Company” and “NEX Exchange Company” of the year at the Small Cap 2019 awards

Environmental Metrics

ESG Focus Areas

• Ethical Housing
• Social Housing

Social Achievements

• 100% of SSH rents collected in financial year
• Outperformed 2020 benchmark MSCI UK Residential Property Index by 519% (3.53% vs. 0.57%)

Climate Goals & Targets

Environmental Challenges

• Challenging economic backdrop caused by Covid-19
• Delays in selling London PRS properties due to emergency legislation increasing notice periods to six months
• Modest fall in the value of remaining PRS property due to issues in the PRS sector as a result of the financial effects of the pandemic

Mitigation Strategies

• Sale of two PRS properties to fund further SSH investments
• Working with tenants to complete property sales
• Repaid entire £600,000 revolving credit facility

Supply Chain Management

Climate-Related Risks & Opportunities