Mark Whitehead 04 September 2019

Council pension fund calls on housebuilders to improve transparency

One of the biggest local government pension funds has called on housebuilding companies to improve the way they report environmental, social and governance issues.

Northern LGPS, which manages £46bn of assets, found that few of the ten biggest housebuilders it invests in set 'science-based targets' for measuring emissions from domestic buildings.

The report said few companies disclose executive pay as a multiple of average employee pay or the industry average, and little or no information is given about the use of sub-contractors.

It also said little information was provided on warranties or the level of claims to enable investors to evaluate potential financial and reputational risks.

Chair of the NLGPS, cllr Gerald Cooney, said: 'We face a severe housing crisis and a climate emergency, both of which housebuilders can do much to address.

'It’s therefore disappointing to find that just as the sector comes under unprecedented levels of scrutiny, many of the leading housebuilders we invest in are still falling short in their ESG reporting.

'Housebuilders must try harder to fill in those information gaps that this report has identified if they want to become more accountable and transparent.'

SIGN UP
For your free daily news bulletin
Highways jobs

Head of Democratic Services, Elections & Monitoring Officer

Harborough District Council
Grade 12 £67,236 – £71,223 plus £3000pa Statutory Officer Allowance
We are looking for an accomplished and proactive leader for our vacant post of Head of Democratic Services & Elections Market Harborough, Leicestershire
Recuriter: Harborough District Council

Residential Youth Practitioner

Oxfordshire County Council
£37035 - £39513
The Move On Service provides intensive supported housing accommodation for young people aged 16 to 18 years who are in the care of the local authority, working to create individual plans for those requiring additional support for their transition towards Witney
Recuriter: Oxfordshire County Council

Locality and Community Support Worker - North

Oxfordshire County Council
£37035 - £39513
The Locality & Community Support Service in North Oxfordshire are seeking to recruit a Locality Support Worker to join their Locality & Community Support Team. The successful candidate will be an enthusiastic worker who is passionate about improving outc Banbury
Recuriter: Oxfordshire County Council

Social Worker

Durham County Council
£35,412 - £39,152 (pre-progression) / £40,777 - £45,091 (post-progression)
We are looking for social workers who have completed the assessed and supported year in employment to join our Families First teams, working with our Durham
Recuriter: Durham County Council

Social Worker

Durham County Council
Grade 9 £35,412 - £39,152 (Pre-Progression) / Grade 11 £40,777 - £45,091 (Post-Progression)
Are you a nurturing social worker passionate about supporting parents so that children can remain with their birth family?     This could be the right Durham
Recuriter: Durham County Council
Linkedin Banner