Civitas Social Housing PLC CSH wins the AIC's Best ESG Comms Award
July 14 2021 - 5:28AM
RNS Non-Regulatory
TIDMCSH
Civitas Social Housing PLC
14 July 2021
14 July 2021
Civitas Social Housing PLC win the AIC's Best ESG Communication
Award
Civitas Social Housing PLC ("Company" or "Civitas") is pleased
to announce that the Company has jointly won the Best ESG
Communication award at this year's Shareholder Communication
Awards, hosted by the Association of Investment Companies
("AIC").
The ESG Communication award recognises exceptional shareholder
communication by AIC member investment companies and their
managers, reflecting how an investment company can effectively
communicate its approach to ESG, through reports, websites and
other similar content. The Company is committed to actively
implementing our ESG principles evidenced by the recent
announcement of a programme of environmental enhancements with EON,
our ongoing mission to provide bespoke social housing for adults
with long-term care needs and our drive to improve governance
standards in the industry.
In the UK, there is a substantial unmet demand for social
housing, and this supply-demand imbalance is especially severe for
bespoke, specialist supported housing which provides homes for
adults with long-term care and support needs.
Civitas is defined as an authentic 'Impact Investor' according
to IFC Operating Principles. Independent research has demonstrated
that the Company's portfolio generated a total Social Value of
GBP127.0 million including GBP75.9 million of fiscal savings for
public budgets in the year to 31 March 2021.
Civitas works closely with housing associations, charitable and
other not-for-profit partners to continue to enhance management and
governance standards across the specialist supported housing sector
and to ensure optimal outcomes for its underlying tenants. In
addition, Civitas recently announced a national framework agreement
with renewable energy provider E.ON to undertake environmental
enhancements that will help to reduce the carbon footprint of the
Company's portfolio and save both maintenance and energy costs.
Andrew Dawber, Group Director, Civitas Investment Management
Limited commented:
"We are delighted to win this award from the AIC with so many
strong competitors in the running. The award is a recognition of
the work that our team and our partners have accomplished over a
number of years to maximise positive social impact, help to further
professionalise and strengthen our sector and to enhance our
portfolio's environmental performance."
For further information, please contact:
Civitas Investment Management Limited
Andrew Dawber Tel: +44 (0)20 3058 4846
Paul Bridge Tel: +44 (0)20 3058 4844
Buchanan
Helen Tarbet / Henry Wilson Tel: +44 (0) 20 7466 5000
Hannah Ratcliff / George Beale civitas@buchanan.uk.com
Notes:
Civitas Social Housing PLC ("Civitas") was created in 2016 by
Civitas Investment Management Limited as the first dedicated London
listed REIT, to raise long-term, sustainable, institutional capital
to invest in care- based social homes across the UK. So far,
Civitas has completed more than 120 individual transactions to
build the largest portfolio of its kind that has been independently
valued on an IFRS basis at GBP915.6million (31 March 2021). Civitas
now provides homes for 4,391 working age adults with long-term care
needs, in 648 bespoke properties that are supported by 119
specialist care providers, 16 approved providers and working with
over 178 individual local authorities.
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