RCS - Peabody Capital No 2 - Peabody publishes ESG report 2022-23

Marriott InternationalAnnouncement

31/10/2023 11:15

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RNS Number : 8621R  Peabody Capital No 2 PLC  31 October 2023

Peabody Group (including Peabody Trust, Peabody Capital PLC and Peabody
Capital No 2 PLC)

Peabody publishes ESG report for 2022-23

Peabody has today (Tuesday 31 October) published its third environmental,
social and governance (ESG) report, detailing its annual performance against
the 48 criteria set out by the Sustainability Reporting Standard for Social
Housing. https://www.peabodygroup.org.uk/sustainability/
(https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.peabodygroup.org.uk%2Fsustainability%2F&data=05%7C01%7CAnthony.Marriott%40peabody.org.uk%7Cd49360ccb5454bb372fd08dbd9f45f77%7Ca0061d0d9e454deeb46c554ea962cf50%7C0%7C0%7C638343415816333245%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=5DVUuRgaybWTI6t8LS9oeUWOYdN2%2FrtPN6Gs8HdJJ1Q%3D&reserved=0)

The reporting standard, which Peabody helped to create, is organised into 12
key themes including: affordability and security; building safety and quality;
resident voice; resident support; placemaking; climate change; ecology;
resource management; structure and governance.

Highlights of the past year include:

Social

•              We spent £356m on maintaining and improving our
homes, and we're planning to spend a further £2bn on our existing homes over
the next five years.

•           Our rents were £621m lower than market levels, at an
average of £127 per week.

•           We provided more than 600 families with a new social
home.

•           We supported nearly 450 people into work as part of
our £10m investment in community activities.

•           We helped 3,526 people with advice and support to
improve their skills and 689 people to achieve qualifications.  

•           We awarded £1.1m in grants to support grassroots
community organisations.

•           We supported 546 residents with home energy advice.

Environmental

•           We recently published our refreshed environmental
sustainability strategy
(https://www.peabodygroup.org.uk/media/3v4p0yhh/peabody-sustainability-strategy-23-26.pdf)
, setting out in detail what we'll do in the next three years to lay the
foundations for getting to net zero.

•           Almost 78 percent of our homes are now rated Energy
Performance Certificate (EPC) C or above.

•           Of the 2,399 new homes we completed in 2022-23, 93
percent have an EPC rating of B.

•           We continue to carefully manage the 1,200 hectares of
open space we own - including more than 100,000 trees, five hectares of
grazing marsh, canals, lakes, woodlands and 14 sites of nature conservation
interest.

•           We invested £1.3m in refurbishing play spaces.

Governance

•           We pay all 4,000+ Peabody colleagues at least the Real
Living Wage or London Living Wage.

•           We apply a 20 percent social value weighting to our
scoring criteria when awarding contracts to suppliers.

•           We listen to feedback through our formal governance
structures, with six residents now sitting on our Board and sub-committees and
18 on our strategic decision-making groups.

•           We've created a new Customer Engagement Co-design
Action Group and now provide financial support for 65 local resident groups.

Ian McDermott, Chief Executive of Peabody, said: "We've made good progress
this year, investing substantially for the benefit of residents. Our renewed
local focus and increased investment in our homes and services are really
starting to make a positive difference in our communities.

"I've been lucky enough to meet residents and visit communities all over
London and the home counties this year, to listen to what they say about our
services and more importantly act on what they're telling us.

"We look forward to continuing this work and strengthening our ESG credentials
even further."

ENDS

Contact: Anthony Marriott, Director of Treasury & Corporate Finance or Ben
Blades, Assistant Director Corporate Affairs

 

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