Pioneering the future of social value in housing

08/01/2021

Orbit, the International business of Federated Hermes and Raven are confirmed as the third group of investors in HACT’s social value roadmap.

“This year, we will be developing the roadmap so the sector can use social value information to improve services, enhance decision-making and increase its impact,” said Andrew van Doorn, Chief Executive, HACT. “We’re delighted that these organisations will be joining us, bringing different perspectives, priorities and expertise to the social value roadmap. Together we can deliver the future of social value in social housing.”

The social value roadmap was launched in September 2020. It was developed by the UK Social Value in Housing Taskforce, which was composed of 17 organisations including leading social housing organisations, the Regulator for Social Housing and international experts in social value.

Sam Scharf, Director of Communities and Sustainability, Orbit, said:

“With the increased focus on ESG by tenants, employees and investors, evidencing the widest impact we have as organisations, both from a social and environmental perspective, is critical. The Roadmap is a very welcome vision for taking the great work done by HACT over the years to a place that can support the sector to capture significant areas of work currently missing from that story.  We are excited to join others in the sector to support this.” 

Ben Sanderson, Executive Director of Fund Management, the International business of Federated Hermes, said:

“At Federated Hermes we are constantly seeking to increase the sophistication with which we measure the relationship between real assets, their occupiers, local communities and wider society, and the natural environment. We define this as the holistic return of our investments, which we seek to deliver for our end-investors and beneficiaries. As an industry leader in sustainable placemaking, we are pleased to support innovation in the continuing development of wellbeing economics and social value measurement.”

Jonathan Higgs, Chief Executive, Raven Homes, said:

 “At Raven, we think it’s really important to measure social value so that we can tell the story of the change which we make. We have been using Wellbeing Valuation for many years now, and we are excited to be part of the journey to develop a tool which will improve the way we measure the value of the great work we do as a sector, and help us to make better decisions.”

The roadmap will enable the social housing sector to use social value information to improve services, enhance decision-making and increase the impact we make. The first meeting of the social value roadmap group is scheduled to take place in January 2021.

HACT is discussing involvement in the roadmap with over 30 more organisations from inside and outside the social housing sector.

Organisations wanting to join these pioneering organisations in developing the roadmap should contact Isobel Kiely.

[notes to editors]

Further information about the social value roadmap, as well as a Q&A session about the roadmap.

The roadmap for social value has been developed by the UK Social Value in Housing Taskforce, which included:

CHP

Clarion Futures

Communities that Work

Community Housing Cymru

Engie

Fusion21

The Guinness Partnership

HACT

Imani

Keep Moat Homes

L&Q

Longhurst Group

Morgan Sindall Property Services

Northern Housing Consortium

National Housing Federation

Regulator of Social Housing

Scottish Federation of Housing Associations

Simetrica-Jacobs

South East Consortium

TPAS

Trower and Hamlins

WHG

About Federated Hermes

Federated Hermes, Inc. is a leading global investment manager with $614.8billion in assets under management as of September 30, 2020. Guided by our conviction that responsible investing is the best way to create wealth over the long term, our investment solutions span 162 equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies and a range of separately managed account strategies. Providing world-class active investment management and engagement services to more than 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.

Headquartered in Pittsburgh, Federated Hermes’ more than 1,900 employees include those in London, New York, Boston and several other offices worldwide. For more information, visit FederatedHermes.com.

About Orbit

Orbit is one of the UK’s foremost housing groups creating thriving communities within a growing portfolio of over 45,500 affordable and social rent homes largely throughout the Midlands, East and South of England. 

Orbit manages a portfolio of high quality, sustainable homes to over 100,000 customers in differing stages of life, from first timers to enhanced supported living.  

For over 50 years we’ve been a force for positive changes, particularly during the country’s continuing housing and residential challenges. 

We place our customers at the heart of what we do, continually invest in our communities and creating great places to live, work and play. 

We work hard, collaboratively with our partners to answer the varied needs of our society supporting our customers’ happiness, health and wellbeing. 

Our vision is to lead in building thriving communities, and we believe everyone is entitled to a good quality home that they can afford in a place that they are proud to live. 

We’re proud to be part of our communities and give back over £5 million each year back to make a positive difference in people’s lives.  

Our Better Days initiatives [https://betterdays.orbit.org.uk/] support our customers to improve their health, wellbeing and safety by providing advice, support and creating opportunities to connect with other people and simple ways to be active.  

Through our social value programme, we work to do business better, to create a better society, building affordable homes and doing business in more socially responsible and sustainable ways while lessening the impact we have on our environment, customers, employees, partners, suppliers, investors and funders. 

With over 1,200 employees, Orbit has a value-led approach, meaning that our colleagues are motivated by values of responsibility, innovation and drive. 

Orbit’s dedication to providing value to its customers and employees has won recognition in the prestigious Sunday Times Top 100 Companies to work for in the not-for-profit sector. This award is based on extensive feedback from employees and a reflection of the dynamic working environment it has worked to achieve.   

For the second year running we have been awarded RoSPA (Royal Society for the Prevention of Accidents) Gold awards for health and safety and customer safety and have achieved BS9997, fire risk management system (FRMS).   

About Raven

Raven is a business with a clear social purpose: Building Homes and Changing Lives in Surrey and Sussex. To us, building homes goes far beyond the bricks and mortar; what really makes a home are the people inside it. We build homes by focusing on the foundations first: the people who live in them.