Caledonia's Bold Strategy for Net-Zero Goal

Published on:
by KnowESG
KnowESG_Caledonia Housing Association-s climate and sustainability strategy
Image courtesy of https://www.scottishfinancialnews.com/

Caledonia Housing Association has taken a significant step towards combating climate change and meeting Scotland's ambitious net-zero target by 2045 with the release of its inaugural Climate and Sustainability Strategy.

Led by the board of Caledonia Housing Group, including Cordale Housing Association, this strategy encompasses all aspects of the group's operations, homes, and supply chain. To ensure accountability and effectiveness, the strategy aligns with the United Nations Sustainable Development Goals (SDG) and lays out comprehensive measures and reporting frameworks.

Comprising four key themes, the strategy focuses on:

  • Measuring, managing, and reporting carbon emissions

  • Enhancing energy efficiency and decarbonisation of properties

  • Adopting sustainable business practices, including community engagement and new home construction

  • Improving sustainable procurement to minimise environmental impact

The ongoing priorities include developing a net-zero strategy, a waste management plan, and a low-carbon transport plan.

The recent appointment of Eileen McMahon as the climate change coordinator signals the organisation's commitment to executing the strategy effectively.

Derek Robertson, a Caledonia board member responsible for the net-zero agenda, expressed his enthusiasm for the Climate and Sustainability Strategy, emphasising its integral role in the company's business plan.

The board takes pride in laying the groundwork for a sustainable future and is dedicated to becoming net-zero by 2045. Already, the implementation of agile working practices and energy-saving initiatives has resulted in a 13% reduction in the organisation's carbon footprint between 2019 and 2022.

Furthermore, Caledonia has published its first annual report on climate change targets, which provides a detailed overview of the organisation's performance in 2022–2023.

With this visionary strategy and the dedication of its members, Caledonia Housing Association is poised to make a lasting positive impact on the environment and contribute significantly to a sustainable future.

For more investor-related news

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

Source: Scottish Housing News

Share:
esg
esg
esg
esg

Investors Headlines

Albany International Publishes 2023 TCFD Report

Albany International Publishes 2023 TCFD Report

Companies Stay Committed to Sustainability Amid Challenges

Companies Stay Committed to Sustainability Amid Challenges

How Systemic Funds Can Drive Decarbonisation Efforts

Verra, EPİAŞ Launch Exchange-Based Carbon Credit Trading

Metso Achieves Carbon Neutrality at Sorocaba Factory

Zevero Raises $7M to Expand Carbon Accounting Solutions

Runergy Earns High ESG Score in Synesgy Assessment

EU Wind and Solar Surpass Fossil Fuels in 2024 First Half

Insights from EcoVadis Business Sustainability Index 2024

Robeco Introduces Advanced Climate Indices for Investors