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Hyde launches ESG framework
G15 landlord Hyde has launched an environmental, social and governance (ESG) framework which will underpin its social purpose, funding strategy and approach to partnerships.
The framework will be set against the social housing Sustainability Reporting Standard, launched last year, of which Hyde was an early adopter.
The 50,000-home landlord, which belongs to the G15 group of London’s largest social landlords, follows Clarion and Optivo in publishing an ESG report as well as signing up to the sector’s new reporting standard.
Peter Denton, chief executive of Hyde, said: “We see ESG as much more than a set of metrics or a reporting framework. It is a language that helps us communicate outcomes and the positive impact we have on society, the economy and the environment, so we can demonstrate what we stand for and attract the right kind of investment.”
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Mr Denton said that a key area that the ESG framework will target is the way Hyde secures the public and private capital it requires to meet its core purposes, which represents a “monumental challenge”.
“The scale of the challenge means this isn’t something any of us as housing associations can do alone – there has to be collaboration. And ESG provides a framework through which we, and our partnerships, can grow and be held to account,” Mr Denton added.
Hyde said the framework includes the creation of an ESG dashboard, reporting eight core measures for each segment of ESG, with annual outputs that will drive performance and outcomes.
The social housing Sustainability Reporting Standard was launched last year by a working group of housing associations alongside consultancy The Good Economy. It received dozens of early adopters, including housing associations, bond aggregators, lenders and investors.
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