We are very pleased to announce that an Environmental and Sustainability Strategy for the Group has been approved by our Board.

In line with commitments made at the 2015 UN Climate Change Conference in Paris, the government has legislated for the UK to become net zero in terms of greenhouse gas emissions by 2050. As housing contributes around one-fifth of all carbon emissions nationally, the UK will only achieve this net-zero ambition if we decarbonise our existing homes and ensure that new homes are built to higher environmental standards.

The announcement of the approval of our three-year Environmental Strategy follows the 26th UN Climate Change Conference of the Parties (COP26), where world leaders discussed overarching commitments to mitigating and adapting to climate change globally.

What does this mean for Progress Housing Group, our tenants and our properties?

At Progress, we recognise that by reducing the carbon emissions of our homes and our overall environmental impact including from our offices, fleet vehicles and corporate activities, we can improve the long term viability of our properties and the health and financial wellbeing outcomes for our customers. We understand that achieving net zero carbon emissions will require a transformative programme of investment and that we need to start working towards these goals now.

Our first Environmental Sustainability Strategy was signed off by our board on 1 November. The strategy lays the groundwork for reaching net zero carbon emission by at least 2050. It not only focuses on our carbon emissions but also our wider environmental impact including green spaces, new build design, customer engagement and adapting to future projected climate change.

Noting the approval of our new strategy, Group Chief Executive, Jacqui De-Rose said: "The Environmental Sustainability Strategy marks a new chapter in our commitment to environmental sustainability and the reduction of carbon emissions.

"The strategy sets out a clear direction of travel and a set of commitments we can all be proud of, and we can all play our part in helping to deliver our plans.”

Adele Livesey, Director of Property Services, added: "With the support & commitment of our board in the development and approval of our first Environmental Sustainability Strategy, we are committed to achieving the challenging carbon reduction targets our sector faces and look forward to working with customers and colleagues in improving our homes and neighbourhoods."

We look forward to updating you all as we start to deliver on the aims of this strategy over the coming months.