PRS REIT PLC
Climate Impact & Sustainability Data (2020, 2021, 2022, 2023)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Community Engagement
- Environmental Sustainability
- Social Responsibility
- Governance
Environmental Achievements
- Delivered over 500 new homes built off-site with modern methods of construction, bringing environmental benefits.
- Increased use of sectional-building technology reducing waste and emissions.
- Commitment to plant 1,000 trees across all developments.
- Launched an electric vehicle scheme for staff.
- Use of White Rose Clothes Banks for recycling.
- Implementation of solar panels in some developments.
- Availability of car charging points in some developments.
Social Achievements
- Donated £100,000 to charities (Mind UK, The Trussell Trust, Women’s Aid, Centrepoint) based on resident poll.
- Supported 10 schools with various projects (sensory rooms, gardens, fitness equipment).
- Continued support for local children's sports clubs.
- Worked with Salford Foundation to mentor students.
- Supported Park Palace Ponies.
- Provided 20% rent reduction for NHS residents for 3 months.
- Donated to local food banks and homeless charities.
- Organized virtual Easter egg hunt and summer ice cream dash.
- Launched 'My Simple Life' resident portal.
- Ceased charging pet premium.
Governance Achievements
- Joined the United Nations Global Compact.
- Undertook thorough examination of house building partner policies regarding environmental practices.
- Required delivery partners to demonstrate policies on supply chain management, resource usage, and biodiversity.
Climate Goals & Targets
Environmental Challenges
- Covid-19 pandemic impacting community events and school projects.
- Supply chain disruptions (implied by sectional building technology adoption).
Mitigation Strategies
- Adapted community events to online formats.
- Implemented sectional building technology to improve control over cost and availability of raw materials.
Supply Chain Management
Responsible Procurement
- Due diligence process examining house building partner policies on environmental practices, supply chain management, resource usage, and biodiversity.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Global Compact
Sustainable Products & Innovation
- Sectional building technology
Awards & Recognition
- Property Management Awards – Build to Rent Provider of the Year 2019
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Installation of more solar panels
- Enhanced planting for biodiversity
- Opportunities for residents to access sustainably responsible products through the SaveMoneyCutCarbon club
- Addition of book boxes
- Reduced Countryside site energy use through PIR lighting and generator efficiency improvements
- 100% of homes fitted with water meters, flow restrictors, and dual flush cisterns
- 13.6t CO2 offset achieved through partnership with Pinksheep
- Installation of photovoltaic panels across multiple sites (Empyrean, Prescot Park, Earle Street, Hollystone Bank, Brookside Grange, Havenswood, Canalside, Holyoake, Ashfield Park, Stonefield Edge, Fresh Wharf, Beam Park)
Social Achievements
- Launched My Simple Life mobile app
- Peace of Mind Month initiative
- Health & Wellbeing series
- Virtual Easter Egg Hunt
- Resident date night competition
- Christmas online bedtime stories
- Christmas tree competition
- Autumn Pizza Events
- Clothes Banks implemented on apartment schemes
- Supported various charities (e.g., Salford Loaves & Fishes, Centrepoint, NSPCC, Women’s Aid, CHAS, British Heart Foundation, Zoë’s Place, Wigan & Leigh Deaf Children’s Society, Black Country Touring, The Big Help Project, The Well, Claire House Children’s Hospice, Acorns Children’s Hospice)
- Supported colleagues' charity activities
- Supported small businesses through promotion
- Launched Simple Life Book Guardians project
- Partnership with The Outward Bound Trust for 'Building for My Future' program
- Sponsorship of Sale United Girls Football Club and Upton Panthers
Governance Achievements
- Appointment of a dedicated ESG Director
- Working towards GRESB rating and joining EPRA
- Appointed EVORA as sustainability consultant
- Formation of an ESG Working Group
- Signed up to the UN Global Compact
- Reviewed and updated Sigma’s Corporate Governance Statement in line with the QCA Corporate Governance Code
- Appointment of Geeta Nanda, OBE, to the PRS REIT Board
Climate Goals & Targets
Long-term Goals:
- Enhanced Biodiversity planting schemes
Medium-term Goals:
- Growing partnerships with charities, local businesses, and building partners
- Woodland Project
- Growth of volunteering opportunities
- Literacy & Book Bus project
- Enhanced School & Community Wellbeing Roadshow
- Net Zero home project
Short-term Goals:
- Retrofitting electric vehicle charging points on older properties
- Investigating water butt installation
- Investigating local milk delivery
- Reviewing permitted planting in gardens
- Researching fitness opportunities within communities
Environmental Challenges
- Worldwide impact and enduring consequences of the pandemic
- Transitional challenges related to the ban on gas boilers in new homes
- Need for data gathering to fully understand the benefits of alternative energy sources
- Need for improved charging infrastructure for electric vehicles
- Increased need for Foodbanks due to the pandemic
Mitigation Strategies
- Proactive discussion and planning with partners regarding gas boiler ban
- Data gathering from photovoltaic panels at Empyrean and other sites
- Installation of EV charging points
- Collaboration with partners to address challenges
- Providing financial support to Foodbanks
Supply Chain Management
Responsible Procurement
- Partnership with Countryside Properties, EQUANS, Sheffield Housing Council, Seddon Group, Vistry Group, and Springfield Group; focus on sustainable construction methods, reduced waste, and energy efficiency
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products and technologies
Reporting Standards
Frameworks Used: UN Global Compact, GRESB, EPRA, Social Value Portal (SVP), Housing Associations’ Charitable Trust (HACT), UN Sustainable Development Goals, UN Principles of Responsible Investment (PRI), Task Force on Climate-related Financial Disclosures (TCFD), QCA Corporate Governance Code
Awards & Recognition
- Yorkshire Insider Property Awards Public Private Partnership 2020
- Insider NW Residential Property Awards Residential Operator of the Year 2021
Reporting Period: 2022
Environmental Metrics
Scope 1 Emissions:1,212 tCO2 (FY21 data from Countryside Partnerships)
Scope 2 Emissions:257 tCO2 (FY21 data from Countryside Partnerships)
Scope 3 Emissions:395 tCO2 (FY21 data from Countryside Partnerships)
Renewable Energy Share:20%
Waste Generated:8,301 tonnes (FY21 data from Countryside Partnerships)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 100% of homes are rated EPC C or above; 86% are EPC B and above
- On average, the Company’s homes were 74% cheaper to run annually than homes built between 1900-1929, with running costs 25% lower compared to homes built in 2011.
- 20% of homes benefit from access to solar electricity through photovoltaic panels
- 966 homes with PV panels installed (20% of portfolio)
- Estimated 592,584 kWh/yr generated by PV panels; Estimated 148,864 kg/yr CO2 emissions avoided
- 100% compliance for Gas Safety Certificates, EICR Electrical Safety Inspections, and Fire Risk Assessments
- 99.8% of waste diverted from landfill during construction (FY21 data from Countryside Partnerships)
Social Achievements
- Launched the ‘My Simple Life’ app for resident engagement
- Over £150,000 donated to communities, charities, and initiatives
- Resident events such as pizza nights, date nights, and Christmas celebrations
- Peace of Mind Month competition recognizing residents' positive contributions
- Health and Wellbeing Series with resident-led videos
- Partnership with Save Money Cut Carbon offering 120 annual club memberships
- Wellbeing Roadshow with Clever Cogz, engaging over 120 residents and schools
- Building for My Future course in partnership with The Outward Bound Trust
Governance Achievements
- Established an ESG Working Group
- Completed initial Environmental Management System (EMS)
- Strong first submission score of 24/30 to GRESB (Management Component)
- No reportable health and safety incidents
Climate Goals & Targets
Long-term Goals:
- Achieve Net Zero (target year not specified)
Medium-term Goals:
- Set company-specific ESG framework
- Develop Social Value TOMs Measurement Framework
Short-term Goals:
- Develop supply chain sustainability questionnaire
- Install data gathering and monitoring platform (eMIG) across apartment blocks
- Increase access to support and funding for more charities and groups
- Provide access to wellbeing support for all residents
Environmental Challenges
- Global economic challenges and energy price increases
- Impact of Covid-19 on delivery rates
- Availability of materials and workforce
- Developing a suitable ESG framework for residential family homes
Mitigation Strategies
- Energy efficiency study to demonstrate cost savings for residents
- Working with construction partners to measure and reduce carbon footprint
- Collaboration with suppliers to align with ESG strategy
- Ongoing review and development of ESG framework and objectives
Supply Chain Management
Responsible Procurement
- Working with construction partners to measure and reduce carbon footprint
- Collaboration with suppliers to align with ESG strategy
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: UN Global Compact, GRESB (Management Component)
Awards & Recognition
- Property Week RESI Awards – Simple Life Homes Winner of the Landlord of the Year Award 2022
- Scottish Home Awards Large Development of the Year 2022 (Bertha Park)
- Homes For Scotland Awards Large Development of the Year 2022 (Bertha Park)
- NW Insider Residential Property Awards Tech of the Year (My Simple Life Mobile App)
- CENE Awards Building Project of the Year 2022 (Kirkleatham Green)
- Property Week RESI Awards Health and Wellbeing Award 2021
- Home Views Top 20 Regional Developments 2021 (Prince’s Gardens)
- NW Insider Residential Property Awards Apartment Scheme of the Year 2022 (Empyrean)
- CENE Awards Residential Project of the Year 2022 (Kirkleatham Green)
- Property Week RESI Awards Residential Company of the Decade 2021 (Sigma Capital)
- Property Week RESI Awards Best Covid Response 2021
- Home Views Top 5 National Management Companies (over 2000 units) 2021 (Simple Life Homes)
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:19%
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 87% of homes are rated A or B on EPC rating
- 19% of portfolio has PV panels installed, generating an estimated 592,584 kWh/yr and avoiding 148,864 kg/yr of CO2 emissions
- Welcome boxes replaced with sustainable jute bags, reducing packaging and transport impacts
- 57.45t CO2 offset through tree planting and ocean plastic recovery
Social Achievements
- Over £150,000 donated to charities and community groups
- Launched Simple Lifestyle hub on My Simple Life app for resident wellbeing
- Supported over 30 charities and clubs
- Simple Life Schools and Communities Biodiversity Project delivered to 300 children
Governance Achievements
- Board composition: 60% Male, 40% Female; 60% White British, 40% Asian/Asian British
- Appointment of Karima Fahmy as an Independent Non-Executive Director
- No reportable health and safety incidents
Climate Goals & Targets
Long-term Goals:
- Build support for current charity partners
- Commitment to planting 10,000 trees and creating wildflower green spaces by 2033
Medium-term Goals:
- Continue to build connections and purpose driven ecosystem with partners
- Collaborative Orchard Project
Short-term Goals:
- Continue to build links with local schools, charities and clubs
- Increased visibility at national level with charity partners
Environmental Challenges
- Data collection challenges in construction due to lack of legal obligation on third parties to provide information
- Government's change in policy regarding Minimum Energy Efficiency Standard
Mitigation Strategies
- Working with construction partners to develop a strategy and process for data gathering
- Continuing to focus on energy efficiency and high EPC ratings
Supply Chain Management
Responsible Procurement
- Collaboration with construction partners on sustainability initiatives
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient homes
Reporting Standards
Frameworks Used: UN Global Compact, UN SDG Ambition guides, TCFD, TNFD, CSRD, EPRA
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 11 (Sustainable Cities and Communities)
- SDG 13 (Climate Action)
- SDG 15 (Life on Land)
Initiatives contribute to these goals through energy efficiency, community engagement, biodiversity projects, and sustainable construction practices.
Awards & Recognition
- LOVE TO RENT AWARDS BTR Social Impact Award 2023 (Winner)
- Insider NW Residential Property Awards Sustainability and Social Impact 2023 (Winner)
- Property Week Resi Awards Social Impact 2023 (Finalist)
- and others