Civitas Social Housing reaches national framework agreement with E.ON to reduce carbon footprint and energy costs
Civitas Social Housing (Civitas), a care-based social housing real estate investment trust, has entered into a national framework agreement with energy provider E.ON to undertake environmental enhancements that will help to reduce the carbon footprint of the Company’s portfolio.
This innovative Agreement is focussed on 55 properties with lower EPC ratings and forms part of the Company’s objective to reach carbon neutrality. It builds on successful pilot projects that have already been undertaken by CSH and E.ON. Further details will be released with the Company’s annual results on Wednesday 30 June.
The programme will benefit the Company’s housing association and other not-for-profit partners and their residents by reducing maintenance costs and energy bills, without any costs being incurred by them and whilst enabling them to contribute to a reduced carbon footprint.
The project will draw on the ECO3 funding scheme, part of the Government’s wide-reaching programme to make homes in the UK more energy efficient, reducing the cost of energy bills and reducing carbon emissions. Maintenance costs will also benefit from the Domestic Renewable Heat Incentive (RHI), the Government’s scheme to support renewable heating costs in homes.
CSH intends to structure an environmental programme across its portfolio over a number of years with the objective that costs incurred by the Company do not compromise our stated intention of targeting progressive dividend growth for shareholders.
Residential accommodation is responsible for c20 perf cent of the overall carbon footprint in the UK and within this social housing is reported to be responsible for 10 per cent of carbon emissions within residential accommodation and 2 per cent of the overall UK carbon footprint. As a result of its scale the delivery of carbon reduction within the social housing sector forms an important part of the UK Government’s push to reduce carbon emissions by 2035.
E.ON is one of the UK’s leading energy and solutions companies supplying customers’ homes and businesses with 100 per cent renewable electricity. E.ON believes in a smart personalised and sustainable energy future for its customers, offering innovative solutions such as solar panels and energy efficient boilers to help homeowners and residents to become more sustainable, lower their carbon footprint and take control of their energy bills. E.ON is pleased to be working with CSH on the delivery of its environmental plans.
Michael Wrobel, Chairman of Civitas Social Housing PLC, says: “We are delighted to be working with E.ON on this important programme that reflects the scale and ambition of CSH to deliver significant environmental enhancements. These will reduce our carbon footprint and enable residents to benefit from lower maintenance and energy costs, whilst preserving our target of progressive dividend growth for shareholders.”
Chris Lovatt, Chief Operating Officer at E.ON Energy Infrastructure Services, says: “We’re really pleased to be working with Civitas and to be continuing the activity we started as part of the pilot programme.
“Improving the energy efficiency of homes across the UK is a key priority for us as our homes are the second highest cause of the country’s carbon emissions. By working with companies such as Civitas, we’re able to utilise existing funding programmes, to ensure residents can become more sustainable and benefit from lower energy bills and we can work together to support the UK’s net zero ambition.”