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

Assistant Director - Prevention and Service Development

North Yorkshire County Council
£86,252- £98,275 plus relocation support (up to £8,000)
Come and Join Team North Yorkshire! County Hall and around the county, including from home
Recuriter: North Yorkshire County Council

Principal Transport Development Planner

Suffolk County Council
£39,759 per annum (pro rata if part time)
A great opportunity to join the Suffolk County Council's Transport Strategy Team as a Principal Transport Development Planner. Suffolk County Council, Ipswich IP1 2BX
Recuriter: Suffolk County Council

Senior Manager - Asset and Network

Cheshire West & Chester
£56,593 - £62,792
This is a brand-new role developed out of our vision for the future of the recently established Transport and Highways directorate. Chester, Ellesmere Port, Winsford
Recuriter: Cheshire West & Chester

Provider Development Manager

North Yorkshire County Council
£50,183 - £58,379 plus relocation support (up to £8,000)
Come and Join Team North Yorkshire! County-wide – Hybrid
Recuriter: North Yorkshire County Council

Head of Integrated Care

North Yorkshire County Council
£60,567 - £69,001 plus relocation support (up to £8,000)
Come and Join Team North Yorkshire! North Yorkshire
Recuriter: North Yorkshire County Council

Partner Content

Circular highways is a necessity not an aspiration – and it’s within our grasp

Shell is helping power the journey towards a circular paving industry with Shell Bitumen LT R, a new product for roads that uses plastics destined for landfill as part of the additives to make the bitumen.

Support from Effective Energy Group for Local Authorities to Deliver £430m Sustainable Warmth Funded Energy Efficiency Projects

Effective Energy Group is now offering its support to the 40 Local Authorities who have received a share of the £430m to deliver their projects on the ground by surveying properties and installing measures.

Pay.UK – the next step in Bacs’ evolution

Dougie Belmore explains how one of the main interfaces between you and Bacs is about to change.