Housing Associations in Australia have developed their own version of the Sustainability Reporting Standard for Social Housing (SRS). The reworking of the UK standard establishes guidelines for dealing with ESG concerns in Australia.
Launched in 2020, the SRS is a voluntary reporting framework for sustainability practices. It details 48 Environmental, Social and Governance issues that must be taken into consideration by the Housing Association sector.
Inspired by the success of the SRS, the CHIA and 27 Housing Associations have developed their own ESG reporting standard. The standard adapts the UK standard for the Australian context.
Speaking of the new standard, SfH Board Member Sarah Forster said: ‘For the ESG movement to be successful, it is vital that it is recognised as widely as possible. It is enormously encouraging to see our international partners following the lead set by the UK Social Housing sector’.
Having reliable ESG reports makes it easier for organisations to move towards their ESG goals. The SRS helps individual organisations hone in on core issues and improve their Housing Governance Rating. A proactive approach to ESG can attract lenders and investors driven by long-term concerns.
At Convene, we have been working on our own reporting tool to support sustainability in the Housing industry: Convene ESG. By simplifying the ESG reporting process, Convene ESG helps you produce the best ESG and SRS reports possible.
With Convene ESG, you can develop a collaborative workflow - assigning sections of the ESG or SRS report to the required people. Once all the sections are filled in, Convene ESG will produce a formatted Word Document ready for publication!
We are working in close collaboration with a number of existing Convene housing customers including Orbit and Cartrefi Conwy as part of our early adopters programme. Through their valuable feedback, we will continue to develop and fine-tune our platform, delivering a robust end-to-end ESG experience.