Protecting the environment is an integral part of a high-performing, successful organisation. We are fully committed to supporting the UK in achieving its net zero carbon emissions target by 2050, by ensuring we improve the energy efficiency of homes and reduce CO2 emissions. Our development programme and asset strategy have been formulated to ensure our environmental impact is at the forefront.
All of our new-build homes will have at least an energy performance certificate (EPC) of B or above and we have a comprehensive asset management strategy to ensure by 2030 that all of our properties are at least EPC C or above.
Current estimates show that around 28% of our existing properties will require investment to achieve these targets, with major spend being primarily required for insulation, boilers and heating systems and making use of renewable sustainable finance framework technologies.
We also intend to reduce our net carbon emissions to zero by 2050 and are undertaking a strategic review of our business practices to achieve that, from better understanding the environmental, social and governance credentials of our suppliers, to considering the environmental impact of the benefits we provide to our staff. For 2019/20, our net emissions were equivalent to 10,455 tonnes of carbon dioxide equivalent (tCO2e).
As part of our commitment to a greener outlook, we recently replaced our ageing car fleet with new electric vehicles.