Sustainable Residential Development Framework
We have launched a Sustainable Residential Development Framework (‘SRDF’) which aims to enable the classification and tracking of performance of our green and sustainability-linked residential development loans to our Corporate Banking real estate clients.
Purpose of the framework
The Sustainable Residential Development Framework (‘SRDF’) is industry-leading and ties in closely with Barclays existing Green Term Loan proposition. It seeks to support eligible clients to make sustainable choices in residential developments. The framework sets out minimum standards, signposts what more can be done to achieve a deeper ‘green’, and recognises the positive impact that developers can have in the communities in which they operate, through a social impact score. Eligible schemes that go further than the minimum criteria can achieve a rating of ‘Good’, ‘Innovative’ or ‘Emerald’, awarded at practical completion of the development.
A robust and holistic approach
Our Framework provides a holistic and balanced approach across key sustainability themes including:
- Energy and carbon, including whole life carbon
- Circular economy, materials and efficient use of resources
- Health and wellbeing
- Social and community engagement.
Communities across the country want to live and work in efficient, sustainable and green-certified buildings that are high quality and cheap to run. We are launching this framework to help promote developments with the very best green and social impact credentials, so we can help support the industry in building enough sustainable and energy efficient housing to meet rapidly growing consumer demand.
Head of Real Estate, Barclays Corporate Banking