Tuath strengthens commitment to sustainability with new strategic objective: ‘A Sustainable Future.’

tuathadmin
tuathadmin

5th December, 2023

Tuath has doubled down on its commitment to sustainability with the inclusion of a separate key pillar in its Strategic Plan.

The establishment of this new Strategic Objective underscores Tuath’s dedication to environmental responsibility and sustainability. Sustainability, for Tuath, means achieving a harmonious balance between organisational growth, the delivery of homes, environmental care, good governance, ethical responsibility and social well-being for tenants, employees, and communities.

Business Plan ESG Commitment:

Tuath is actively embedding environmental, social, and governance (ESG) best practices into its operations. The business plan emphasises reducing our carbon footprint, ensuring good governance, and upholding social responsibility.

Tuath is developing a roadmap towards a lower carbon and sustainable future for both the organisation and tenants.

Key initiatives include:

  1. Statutory Reporting Preparation
    • Tuath is preparing for statutory reporting under the Corporate Sustainability Reporting Directive (CSRD), becoming mandatory from 2026. The organisation is working with Deloitte to establish best practices for its first CSRD return.
  2. ESG Reporting Framework
    • Tuath has established an ESG Reporting Framework, including targets and metrics, to collate data for future statutory reporting. This framework covers waste management, energy consumption, biodiversity impact, and more.
  3. ESG Working Group and GREEN Team
    • An internal ESG Working Group and a staff member GREEN Team have been established, comprising senior management, board members, and staff representation. These teams focus on strategic and practical implementation of sustainability initiatives across the business.
  4. Carbon Footprint Reduction
    • Tuath has completed a Scope 1 & 2 carbon footprint analysis  of the organisation, demonstrating a 16% decrease in carbon intensity since 2020. Targets for energy efficiency and climate action have been established to build upon this progress.

Sustainable Development and Renovation

Tuath is actively engaged in sustainable development and renovation projects nationwide.

Key Actions & Commitments

  • Annual ESG reporting in accordance with the ESG Charter and Framework.
  • Preparation for reporting under the Corporate Sustainability Reporting Directive from 2025.
  • Continuous reduction of carbon emissions and improved energy efficiency.
  • A Social Value Framework to assess the impact on tenant and community well-being.
  • Exemplary governance and regulatory compliance, operating with integrity and transparency.

Tuath remains dedicated to making the social and affordable housing more sustainable, delivering positive environmental and social impacts for residents, employees, and the wider community.

Tuath’s CEO Sean O’Connor said “Tuath’s ESG charter echoes our unwavering commitment to weaving environmental consciousness, social responsibility, and ethical governance into the fabric of our operations. At Tuath, sustainability isn’t just a goal; it’s a journey, and our ESG charter is the roadmap guiding us toward a future where every home we build, and every community we are part of is sustainable.”

Will McCabe, Board Director, ” I find immense purpose in Tuath’s ESG commitment. It’s more than a set of principles; it’s our collective responsibility to leave a positive impact. With every decision, we affirm our dedication to sustainable practices, community well-being, and ethical governance. Tuath’s ESG charter reflects not just our values but our promise to stakeholders that we’re shaping a future where social and environmental considerations are integral to our success.”

“Tuath’s Head of Sustainability Kate Joyce emphasised, ‘Our commitment to sustainability goes beyond rhetoric—it is now embedded within our strategic plan. We’re not just building homes; we’re creating a sustainable future for both people and the planet.”

 

 

 

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