Clarion announces new Sustainable Housing Finance Framework

Clarion Housing Group has published a new Sustainable Housing Finance Framework, which meets investors’ growing needs around reporting and transparency.

The new framework with the International Capital Markets Association (ICMA) principles on green, social and sustainable bonds, and the Loan Markets Association (LMA) green and social loan principles.

It sets out clearly the eligible projects that investors monies will be used for, showing how each category of project aligns to the sustainability reporting standard (SRS) for social housing, UN sustainable development goals and Clarion’s own sustainability strategy.

Clarion was the first registered provider in the sector to establish a sustainable housing finance framework in 2019.

This framework has governed how Clarion uses the £950m of funding it has raised in the capital markets since that time, ensuring that investors know the social and environmental benefits from their investment as well as the financial ones.

Andrew Hill, Clarion’s director of treasury and corporate finance, said: “Clarion’s purpose is to make a difference, and we do that by delivering significant environmental and social value.

“I am delighted to publish this new Sustainable Housing Finance Framework which clearly demonstrates how our investors enable us to deliver on our purpose.”

Miles Lewis, Clarion’s director of sustainability, added: “I recognise the important role our investors have to play in order for us to deliver on our sustainability strategy.

“I am pleased to have had the opportunity to work closely with our treasury team in constructing a finance framework which will help us deliver for our residents, our people and the planet.”

Leave a comment