Climate Change Data

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