Social housing sector launches sustainability reporting standard

10 November 2020

Dr Arthur KrebbersHead of Sustainable Finance, Corporates

View bio

Dominic BrindleyHead of Public Sector & Structured Asset Finance

View bio

Other insights

View more insights

2 minute read

The Sustainability Reporting Standard for Social Housing has been launched today by the ESG Social Housing Working Group to help attract ESG investments

The Sustainability Reporting Standard for Social Housing has been launched today by the ESG Social Housing Working Group to help attract ESG1 investments and ultimately boost the supply of new genuinely affordable homes.

The Standard brings consensus on how to measure and report on ESG performance in the social housing sector and as such will also help reduce the ESG reporting information burden on housing associations. Social housing is understood to be first UK sector to come together with lenders and investors to create a common sustainability reporting standard.

The ESG reporting standard is based on 12 themes – including “Affordability and security”, Building safety and quality, “Resident voice”, “Resident support” and “Climate change” and “Ecology” – and 48 criteria for ESG reporting by housing associations. The criteria are also aligned to international ESG frameworks and standards including the Sustainable Development Goals (SDGs), the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the International Capital Market Association (ICMA) and Loan Markets Association (LMA) Principles.

Initiated by Peabody, one of the UK’s oldest and largest housing associations, the ESG Social Housing Working group is a unique collaboration of 18 banks and investors (including NatWest Group), housing associations, service providers and impact investing organisations that have led on the development of the new standard.

400 organisations, including housing associations, investors, trade bodies, financial experts and tenants’ groups provided feedback to the proposed standard as part of a sector wide consultation in May this year, with 70 organisations already signalling to become early adopters of the standard. Housing associations will report against the standard on an annual basis, while lenders and investors have committed to using the standard in their investment and credit policies, processes and/or product design.

The standard will be overseen by a new Social and Affordable Housing: Sustainability Reporting Standards Board, which will be established in early 2021.

Click here to read the full “Sustainability Reporting Standard for Social Housing: An Overview” report.

1 ESG Environmental, Social & Governance
Social Housing


This article has been prepared for information purposes only, does not constitute an analysis of all potentially material issues and is subject to change at any time without prior notice. NatWest Markets does not undertake to update you of such changes.  It is indicative only and is not binding. Other than as indicated, this article has been prepared on the basis of publicly available information believed to be reliable but no representation, warranty, undertaking or assurance of any kind, express or implied, is made as to the adequacy, accuracy, completeness or reasonableness of the information contained in this article, nor does NatWest Markets accept any obligation to any recipient to update or correct any information contained herein. Views expressed herein are not intended to be and should not be viewed as advice or as a personal recommendation. The views expressed herein may not be objective or independent of the interests of the authors or other NatWest Markets trading desks, who may be active participants in the markets, investments or strategies referred to in this article. NatWest Markets will not act and has not acted as your legal, tax, regulatory, accounting or investment adviser; nor does NatWest Markets owe any fiduciary duties to you in connection with this, and/or any related transaction and no reliance may be placed on NatWest Markets for investment advice or recommendations of any sort. You should make your own independent evaluation of the relevance and adequacy of the information contained in this article and any issues that are of concern to you.

This article does not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell any investment, nor does it constitute an offer to provide any products or services that are capable of acceptance to form a contract. NatWest Markets and each of its respective affiliates accepts no liability whatsoever for any direct, indirect or consequential losses (in contract, tort or otherwise) arising from the use of this material or reliance on the information contained herein. However this shall not restrict, exclude or limit any duty or liability to any person under any applicable laws or regulations of any jurisdiction which may not be lawfully disclaimed.

NatWest Markets Plc. Incorporated and registered in Scotland No. 90312 with limited liability. Registered Office: 36 St Andrew Square, Edinburgh EH2 2YB. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. NatWest Markets N.V. is incorporated with limited liability in the Netherlands, authorised and regulated by De Nederlandsche Bank and the Autoriteit Financiële Markten. It has its seat at Amsterdam, the Netherlands, and is registered in the Commercial Register under number 33002587. Registered Office: Claude Debussylaan 94, Amsterdam, the Netherlands. Branch Reg No. in England BR001029. NatWest Markets Plc is, in certain jurisdictions, an authorised agent of NatWest Markets N.V. and NatWest Markets N.V. is, in certain jurisdictions, an authorised agent of NatWest Markets Plc. NatWest Markets Securities Japan Limited [Kanto Financial Bureau (Kin-sho) No. 202] is authorised and regulated by the Japan Financial Services Agency. Securities business in the United States is conducted through NatWest Markets Securities Inc., a FINRA registered broker-dealer (http://www.finra.org), a SIPC member (www.sipc.org) and a wholly owned indirect subsidiary of NatWest Markets Plc.

Copyright 2020 © NatWest Markets Plc. All rights reserved.