Project Achievements
- Significant energy efficiency improvements and EPC upgrades made across the portfolio during 2023
- Implemented an accredited EMS to monitor and manage environmental impact
- Assisting tenants in ensuring claiming maximum government financial assistance/benefits entitled to
- Staying ahead of anticipated PRS regulation and Decent Homes Standard through training, resident education and Governance review
- Fire Safety Compliance Programme ongoing with Fire Risk Assessments being carried out across 64 relevant blocks during 2023 and 2024
- Currently working towards an accreditation by GRESB and considering UNPRI signatory status to enhance governance and investor reporting
UK domestic houses are responsible for 40% of UK climate emissions and with more than 27 million homes needing retrofit in order to reach net zero, the UK housing market poses a significant challenge for the decarbonisation of the UK’s building stock. Private rented single-family homes are a large and challenging contributor to this, as most of these homes are owned by individuals or small businesses who do not have the ability to provide scaled interventions to improve environmental or social performance.
G2M is a specialist residential rental operator which acquires, regenerates and manages affordable family rental homes across the UK at scale. The JV currently manages nearly 1,700 homes and utilises economies of scale and data driven insights to improve both energy efficiency, social value and improved governance across the portfolio:
Energy Efficiency – focus on widescale retrofit of existing housing stock to improving the energy performance of the assets, reduce carbon emissions, improve EPC ratings and reduce energy bills for residents.
Social Value – through a combination of resident education and collaboration, the JV is promoting sustainable tenancies that ensure the well being of residents by assisting with resident income maximisation, home energy usage management and the care and maintenance of a homes.
Governance – enhanced governance of corporate entity through newly appointed COO and Head of Sustainability.
- £102k Value of retrofit works
- 72% Average CO2 saving
- £2.7k Avg. resident income improvement
- 23% Affordability ratio vs. sector avg. 35%
- +4% EPC A-C above sector average
- 166t CO2 Annual reduction = 3%
- 3.3t Avg emission = 50% of national average
- 97.7% Compliance
