Catalyst has become 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.
The label helps ratify and benchmark Catalyst’s sustainability and Environmental, Social and Governance (ESG) credentials and is open for all affordable housing companies across Europe. The housing association has been given ‘Frontrunner’ status for its work in each of the Environmental, Social and Governance dimensions.
This follows an intense examination process, which was conducted in record time, showing Catalyst’s firm foundations in ESG. The results were then independently verified by imug rating, one of the leading sustainability rating agencies in Germany and a specialist in ESG research.
The ‘Certified Sustainable Housing Label’ scrutinises how sustainability is considered across the entire operations of an organisation, looking at over 40 different ESG criteria compliant with the United Nation’s Sustainable Development Goals (UN SDGs).
The initiative will allow Catalyst to better demonstrate and report its sustainability performance, as well as attract a wider range of likeminded, ethical investors looking for opportunities.
Ian McDermott, Chief Executive of Catalyst, said: “I am immensely proud that we’ve received this accolade. Catalyst is absolutely committed to sustainability, we see it as something that runs through every part of our organisation, from the energy efficiency of our new homes and the investment we make in retrofitting and upgrading our existing homes to our commitment to providing jobs and training opportunities for our customers”.
“This is becoming more and more important to the housing sector, particularly as we see a growing appetite from investors to look at affordable housing organisations like Catalyst. The RITTERWALD accreditation process was demanding and rewarding, providing an excellent way of looking at our sustainability ambitions in a fresh light”
Dr Mathias Hain, Managing Director of RITTERWALD, said: “There are differences between the participants – that’s why we have created several status in each of the ESG dimensions to show investors that there can be differences between certified housing associations. Catalyst are unique as they have reached the highest status in all three dimensions.”
The news comes soon after Catalyst committed to becoming an early adopter of the ESG Social Housing Working Groups new “Sustainability Reporting Standard for Social Housing” and its first sustainability-linked loan in March 2020.
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NOTES TO EDITORS
More information on Catalyst
Catalyst is one of the leading housing associations in London and the South East, managing over 34,000 rented and shared-ownership homes.
We are experts in placemaking, developing tenure-blind neighbourhoods and delivering new affordable housing. Our approach to creative design, effective urban planning and high-quality development is underpinned by our long-term interest in our neighbourhoods. By adopting a stewardship role, we ensure that the places we help to create are well maintained, look great and remain desirable places to live. A prime example of Catalyst’s work is our flagship regeneration project in North Kensington, Portobello Square.
Catalyst Communities, our social and economic investment arm, helps our communities grow with bespoke neighbourhood strategies that help deliver initiatives such as youth mentoring projects, after school homework programmes, exercise classes and much more. We also deliver an individual offer to our most vulnerable residents, with services such as financial inclusion courses to help people with their money; parenting support classes for young families and employment courses for those out of work.
For more information, please contact:
Charlotte Stamper – Head of External Affairs
020 3693 2464 | 07815525365
Calum McConnachie – External Affairs Manager
020 8832 3139 | 07779 288 489