Executive Committee
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The NextGeneration Executive Committee members both provide core funding to the initiative and comprise its main governance body. This committee’s role is to ensure the integrity and transparency of the initiative’s governance and that the initiative, and the benchmarking processes, reflect and address their objectives with regards to encouraging sustainability in the housebuilding sector.
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Click here for the Terms of Reference for the Executive Committee.
Endorsement
NextGeneration is formally endorsed by the following organisations:
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Our mission is to dramatically improve the sustainability of the built environment, by radically transforming the way it is planned, designed, constructed, maintained and operated. Having been personally involved in the initiative for some years, I know that NextGeneration is instrumental in driving sustainability into the residential sector and I’m delighted to formally endorse it on behalf of the UK-GBC. .gif "Quote Mark"){kind=small}
Paul King, Chief Executive, UK-Green Building Council
Other interested organisations have commented:
The house builders benchmarking process is an excellent model for other industries to follow. It is a collaboration involving investors, companies, regulators and civil society, and really gets to the heart of the material ESG issues within this sector and the drivers of long term value. James Gifford, Executive Director, Principles for Responsible Investment
We consider a range of sustainability issues when looking for investments in the housebuilding sector. The NextGeneration benchmark that was developed by WWF, Upstream and Insight Investment is among a broad range of inputs that we use to rate companies on our sustainability matrix. This rating drives our investment decisions and our voting at company annual general meetings. This means that where homebuilders score poorly on our matrix, then our Sustainable Future funds will not invest in them. We would also be likely to vote against the report and accounts of the company at the AGM. Dr. Steve Waygood, Head of Engagement – SRI, Morley Fund Management