Peabody - Sustainable Bond Impact Report 2023

(Incorporating Peabody Trust and Peabody Capital No.2 Plc)

Peabody has today published its Sustainable Bond Impact Report for 2023.

It sets out how funds raised from a £350m Sustainable Bond issue in 2022 are being allocated in line with Peabody's strategic objectives. These are:

·      Providing new affordable homes for those who need them the most

·      Improving the energy efficiency of homes

·      Reducing carbon emissions 

·      Investing in communities

The report can be found here: https://www.peabodygroup.org.uk/media/4uhbb0tm/sustainable-bond-impact-report-2023.pdf

Peabody aims to be net zero carbon in its new and existing homes by 2050 and in its day-to-day business activities by 2030.  Its approach to sustainability and ESG performance is accredited by RITTERWALD through its Certified Sustainable Housing Label, providing robust quality assurance in line with the UN Sustainable Development Goals and environmental, social and governance metrics.

Eamonn Hughes, Chief Financial Officer of Peabody, said: "We know we have some way to go to improve our services to residents and are making progress through investment and a more locally focused approach. Sustainable, long-term finances will support this and help us increase the positive impact we're able to make in people's lives.  The report sets out how we're helping to deliver new social homes to tackle homelessness, improve existing homes, invest in the natural environment and support a range of projects that add value in communities, such as children's activities, sports programmes, health and wellbeing sessions and employment support services. Our partnerships and supply chain continue to deliver for residents and communities and we'll continue to work with partners who share our values and aspiration to help people flourish."

Enquiries

Please contact Anthony Marriott, Director of Treasury & Corporate Finance at [email protected]