UPP publishes first Sustainability Report

Purpose-built student accommodation (PBSA) provider UPP recently published their first annual Sustainability Report titled ‘Building Sustainable Futures’.

UPP Annual Sustainability Report 2023 | PBSA News
UPP Annual Sustainability Report 2023.

The Building Sustainable Futures Sustainability Report sets out UPP’s ambitious approach to being a purpose-led business which prioritises sustainability across the three elements of ESG (Environment, Social and Governance).

It is published in accordance with Global Reporting Initiative (GRI) standards – the leading international standard for sustainability reporting.

“The responsibility of business to actively invest in the best interests of people, place and planet has never been clearer. The consequences of the pandemic and the cost-of-living crisis continue to demonstrate the need for organisations to have an approach based on purpose which in addition to financial return enable its communities to thrive. At UPP, we welcome this as an opportunity to enrich our offering to our university partners, our student residents and our people. Our business model enables UPP to work across education, charity, construction, housing and finance. As such, UPP is in a unique position to pioneer and champion change across multiple industry sectors and to positively influence the behaviour of future generations.”

Elaine Hewitt, Chief Executive Officer, UPP

The report sets out the company’s sustainability strategy, its long-term goals and tracks performance across all its material topics.

UPP’s ‘Building Sustainable Futures’ Sustainability Report pledges to: reduce carbon emissions by 50% across scopes 1 and 2 by 2030 and be fully Net Zero across scopes 1,2 and 3, ensure there is zero waste to landfill by 2030, create £6m of social value through volunteering schemes, support vulnerable people into employment within the company, provide charitable fundraising, invest over £3m into the sector-leading UPP Foundation over the decade, and guarantee all of its strategic suppliers sign up to its ethical Procurement Charter.

“By publishing our Sustainability Report in accordance with GRI Standards – detailing our impacts as a business – UPP is part of a global community which recognises that sustainability is the most important issue for business in the 21st century. It has been a huge privilege to develop UPP’s approach to ESG and I am delighted that we will share the progress we are making on an annual basis. Whether it is the climate emergency, wellbeing or economic inequality, our society faces daunting challenges. This report shows that UPP, together with our residents, university partners and investors, is focused on overcoming these issues – creating a better and more sustainable future for all of us.”

Richard Brabner, Director of ESG and the UPP Foundation, UPP

The company has pioneered eco-residences and sustainable ‘Passivhaus’ building design whilst establishing the UPP Foundation in order to support access to education for all.

The publication of UPP’s first annual Sustainability Report represents the scale of the company’s ambition to promote sustainability and social value across their work.

Last year, it was announced that UPP was the preferred bidder for the University of Exeter’s sustainable student accommodation scheme.