Merchants Capital Corporation
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Affordable Housing
Social Achievements
- Refinanced a portfolio of 14 existing properties with a majority of affordable housing units (99.2% of units meet affordability criteria).
Governance Achievements
- Established board-approved loan policies to ensure fair and compliant lending practices. Implemented environmental site assessments (ESA) for all financed properties.
Climate Goals & Targets
Environmental Challenges
- Framework does not prevent rent increases beyond affordability limits after the initial transaction, not guaranteeing affordability throughout the bonds' term.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Social Bond Principles 2021 (SBP)
Third-party Assurance: Sustainalytics
UN Sustainable Development Goals
- SDG 11
Investments in affordable housing are expected to advance SDG 11 (Sustainable Cities and Communities), specifically target 11.1 (Ensure access for all to adequate, safe and affordable housing and basic services and upgrade slums).