Asset manager Ellandi has hailed a “significant transition” as it publishes its first social impact report.
Writing in the report, Ruth Moorhouse, chair of the company’s Vision Board, said: “For the first time, we can measure our social and environmental impact in the same way we measure our investment performance, giving us a benchmark for all future improvement.
“We generated over £50m of social impact in 2022 and our goal is to improve on this next year. These investments reflect our commitment to greater accountability and transparency in our sector as a whole.”
Ellandi said highlights during 2023 include the company becoming carbon positive by offsetting 110% of its carbon output, introducing the Social Value Portal’s RESVI scheme across the portfolio to track social and economic change, and achieving B Corp status.
Clients contributing to the report said Ellandi’s commitment to values was a key factor in their work together.
“It’s important for us as a local authority to work with a partner that takes social value seriously,” said Nick Gerrard, growth and prosperity programme director at Blackpool Council, which is working with Ellandi on the redevelopment of the town centre.
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