As part of our broader commitment to sustainability, we must make sure that homes – new and old – support the UK’s sustainability targets and build towards a greener future.
We’re supporting the creation of national sustainability standards for house-building finance and will assess the energy retrofit requirements of over 200,000 homes in the social housing sector. Our ESG-linked funding for social housing will support the sector to accelerate its investment in creating greener homes through the construction of sustainable new builds and the retrofit of existing properties.
Through Lloyds Bank and Scottish Widows we have become early adopters of the Sustainability Reporting Standard for Social Housing. We’ve also joined the Executive Committee of NextGeneration, to further develop the national sustainability standards for new-build housing finance to help ensure that new homes being built today are sustainable and support our path to net zero carbon. We’ll also be working alongside other key industry stakeholders to create a framework that works for builders across the industry, including SMEs and housing associations.
To help support this move towards sustainable building, our business customers including housing associations have access to our Green Building Tool – a digital insights calculator that helps customers to identify, evaluate and understand the estimated outcomes of potential investments to make properties more sustainable and energy efficient. This activity benefits tenants by creating greener homes with typically lower running costs while also helping to tackle the climate emergency. The development of new homes and retrofitting of existing ones also supports jobs in the small and large companies undertaking the work.
Similarly for personal customers, we have teamed up with the Energy Saving Trust to create a similar Eco Home Tool. It supports home owners and landlords to find out just how green their homes are and shows how a few simple changes could make homes more friendly to the environment.