Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Relocated to office premises with top-of-the-line energy efficiency measures in 2017 (EPC Rating of ‘A’, Excellent BREEAM rating)
• Issued £75m through bLEND Sustainable Bond Framework to fund critical retrofit projects.
• Published in-depth quantitative report, “Retrofitting Social Housing: A Funding Roadmap,” exploring SHRGS and sustainable technologies.

Social Achievements

• Launched Group-wide Diversity, Equity and Inclusion (DEI) Strategy and Action Plan in 2023.
• 100% of bonds issued through bLEND (£1.47bn) are accredited as “Social” bonds.
• Hosted “Cost of Living: Ensuring No One Gets Left Behind” seminar in February 2023.
• 88% of employees would recommend THFC as a great place to work.

Governance Achievements

• Voluntarily complies with the Financial Reporting Council’s (FRC) UK Corporate Governance Code (2018) where possible.
• Established a DEI Committee in spring 2023.
• Regular compliance training for all staff and Board members.

Climate Goals & Targets

Environmental Challenges

• Natural disasters and adverse weather conditions
• Non-compliance with climate-related laws and regulations
• Inadequate water and waste management
• Low level of diversity across THFC’s workforce
• Inadequate employee policies or practices
• Inadequate health and safety management
• Inadequate employee data privacy controls
• Inadequate vetting of 3rd party vendors/suppliers
• Group-wide cybersecurity breach
• Inadequate diversity among Board of Directors
• Poor corporate governance
• Inadequate response to evolving ESG disclosure laws

Mitigation Strategies

• Flexible hybrid working model
• Operating from an office building with an “Excellent” BREEAM rating and an “A” EPC rating
• Operating from an office building with plumbing designed to CIBSE demand standards
• Operating from an office with building-wide efforts to reduce waste and recycle
• Robust Group-wide DEI Strategy and Action Plan
• Comprehensive suite of employee policies
• Competitive package of health benefits
• Significant investment in IT systems and infrastructures
• Active communications with 3rd party vendors/suppliers
• Significant investment in IT systems and infrastructures, comprehensive cybersecurity strategy
• Robust Group-wide DEI Strategy and Action Plan
• Comprehensive suite of corporate governance policies
• Careful attention to evolving ESG regulatory landscape

Supply Chain Management

Responsible Procurement

• Active and engaged communications with our limited list of 3rd party vendors/ suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters and adverse weather conditions

Transition Risks

• Non-compliance with climate-related laws and regulations

Reporting Standards

Frameworks Used: Sustainability Reporting Standard for Social Housing (SRS), International Capital Market Association’s (ICMA) Sustainability Bond Guidelines 2021, Green Bond Principles 2021, Social Bond Principles 2021

Certifications: Cyber Essentials

Third-party Assurance: Vigeo Eiris (Second Party Opinion)