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Midland Heart has published its first environmental, social and governance (ESG) report, which includes plans to ensure that more than half of its properties have an Energy Performance Certificate (EPC) rating of at least Band C by 2025.

Picture: Getty

Picture: Getty


Midland Heart has published its first #ESG report, which includes plans to ensure that more than half of its properties have an EPC rating of at least Band C by 2025 #UKhousing #SocialHousingFinance

The 34,000-home landlord is launching a new carbon reduction plan next month as part of efforts to decarbonise its stock.

This will include a major retrofitting exercise to ensure that 60 per cent of its estate has a minimum rating of EPC Band C by 2025. Currently 53 per cent of its existing stock has an EPC rating of C or above. The target is for all its homes to have a mimimim of EPC D within four years.

“Whilst our EPC ratings are already better than those in the private sector, we recognise we still have a lot of work to do to meet our customers expectations and reduce our carbon footprint,” the report said.

Midland Heart revealed that 190 of its properties do no meet the Decent Homes Standard, but it said that they will reach compliance by the end of the financial year after upgrading.

The Birmingham-based landlord said it is also aiming to be a “trailblazer for early adoption” for the government’s Future Homes Standard 2025.

The group started on a £2.8m pilot development of 12 homes in Birmingham this summer to meet the standard. The scheme will feature air source heat pumps, waste water heat recovery and solar panels.

On fire safety, the group said it has five blocks of flats taller than 18 metres. One of these had Grenfell-style aluminium composite material cladding but Midland Heart said this was removed as soon it became aware of the risks. It has also retrofitted sprinklers in its only high-rise scheme for older people.

Elsewhere in the report, Midland Heart said it will continue with its plan to deliver 4,000 new affordable homes by 2025. Its development plans took a knock in its last financial year as it completed only 350 new homes – all for affordable tenures. However it said it remains on track with its 2025 target.

On staff pay, the group revealed that last year it formally adopted the ‘real Living Wage’, which means that its current minimum hourly rate is £9.30.

On the gender pay gap, in Midland Heart’s last financial year this stood at 17.9 per cent, an improvement on the previous year when it was 24.4 per cent. Women were appointed to 60 per cent of senior leadership roles advertised in the past 12 months, the report said.

In its last full-year to March 2021, Midland Heart reported a 40 per cent drop in surplus to £38.1m off a turnover of £195.7m.


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