Catalyst has launched a new Sustainable Finance Framework to secure new funding for a range of long-term, sustainable projects. All proceeds secured through the fund will help enhance Catalyst’s core social purpose and environmental ambitions – to build, manage and maintain safe and sustainable homes for those that need it most.
The new framework aligns Catalyst’s strategic priorities in sustainability with its funding and financial strategy. Proceeds from the framework will fund a range of eligible projects including the delivery of new affordable housing, retrofitting existing homes and a wide range of community investment initiatives to secure better futures for our customers.
This new framework is the latest in a string of ESG-inspired moves from the housing association. Catalyst has held gold status in the SHIFT sustainable housing accreditation since 2012, and are part of the group of early adopters of the ‘Sustainability Reporting Standard for Social Housing’. In November 2020, Catalyst became the first company in Europe to receive the highest accreditation mark across all three categories in the ‘Certified Sustainable Housing Label’ from German consultancy RITTERWALD.
Ian McDermott, Chief Executive of Catalyst, said: “The new framework will fund projects that will see direct, real-world improvements to our customers’ wellbeing and quality of life. It will also make sure our older homes are energy efficient, safe and warm for our customers and help us build new affordable housing across London and the south east.
“Catalyst wants to be the leading sustainable housing association, and this is how we do it.”
The framework has been reviewed by imug rating who have provided a Second Party Opinion.
Barclays and Natwest Markets acted as Structuring Advisors for the new Framework.