Peabody Group publishes second ESG report

Peabody has published its second Environmental, Social, Governance report (PDF 7.52mb) detailing the housing association’s annual performance against the 48 criteria set out by Sustainability Reporting Standard for Social Housing.

This is the first year that the report details annual performance relating to Catalyst which joined the Peabody Group on 1 April 2022. Going forward Peabody will report one consolidated position.

The reporting standard is organised into 12 key themes: Affordability and Security; Building Safety and Quality; Resident Voice; Resident Support; Placemaking; Climate Change; Ecology; Resource Management; Structure and Governance.

Key highlights in 2021/22 include:

Social

• £679 million social rent subsidy across the Peabody Group, with an average rent of £122 per week
• 311 Peabody households supported by the Energy Advice Service to help them save £13,375 collectively on their energy bills
• 884 people supported by Peabody into jobs and apprenticeships
• Catalyst secured £830k to improve local neighbourhoods

Environmental

• New Sustainability Strategy encompassing the new Group in Q4 2022/23
• Average SAP rating of 72.57 for rented homes across Peabody and Catalyst
• All new homes across the new Group built to EPC B
• 99.55% of building materials to be recycled at the former Holloway Prison scheme

Governance

• All employees across the Group paid Real Living Wage or London Living Wage
• 20% social value rating when procuring for new contracts.

Anthony Marriott, Director of Treasury and Corporate Finance at Peabody said: “In uncertain times the support we give to our customers and colleagues has never been more important. Our social purpose and community connections and partnerships continue to make a significant impact in people’s lives. We’re determined to support them through the cost-of-living crisis this winter. We’ve also made good progress on improving the energy efficiency in our existing homes, with almost 74% of Peabody homes at EPC C standard, whilst continuing to invest more in our top priority of building safety and in customers’ homes.

“This is the first year that we are reporting as the new Peabody Group with both organisations closely aligned on ESG credentials and targets, and already holding frontrunner status under the Ritterwald Certified Sustainable Housing Label.

“As we move towards full integration next year, we are focused on delivering a local operating model. This will see us move towards smaller patch sizes alongside improvements in our digital services, data and customer facing colleagues, driving service improvements and bringing us closer to  the communities we serve. We are also working with our customers to collaborate and co-create our service offer going forward.”