Social Impact

positive impact beyond our four walls

COLIV invests annually into local social initiatives that strive to combat social exclusion.

Background information on COLIV’s impact policy and how we intend to measure, and report success is documented in COLIV’s Environmental & Social Impact Strategy, which is available to investors on request.

We recognise that the real estate industry has both the opportunity and responsibility to work towards resolving some of the most pressing social challenges of our time. COLIV’s environmental and social impact strategy addresses four key areas: Housing; Environment; Health & Wellbeing; Community.

COLIV’s impact objectives:

Housing

To pioneer a good value housing solution and assist in providing housing to marginalised groups in London.

Community

To build strong, diverse and supportive communities in and around our assets by encouraging social engagement, empowerment and economic growth.

Health & Wellbeing

To use innovative building design, community activation and management strategies to promote good health and wellbeing within our communities.

Environment

To develop and operate a portfolio of environmentally conscious and sustainable buildings.

We recognise that the real estate industry has both the opportunity and responsibility to work towards resolving the most pressing social challenges of our time. Put simply, COLIV’s ambition is to have positive impact beyond its four walls.

This mission statement summarises 4 interrelated objectives which directly align with 5 of the UN’s Sustainable Development Goals. Background information on COLIV’s impact policy and how we intend to measure, and report success is documented in COLIV’s Environmental & Social Impact Strategy, which is available to investors on request.

COLIV’s impact objectives:

Housing

To pioneer a good value housing solution and assist in providing housing to marginalised groups in London.

Community

To build strong, diverse and supportive communities in and around our assets by encouraging social engagement, empowerment and economic growth.

Health & Wellbeing

To use innovative building design, community activation and management strategies to promote good health and wellbeing within our communities.

Environment

To develop and operate a portfolio of environmentally conscious and sustainable buildings.

The Fund is looking to contribute to the UN’s Sustainable Development Goal (no.9 &11) of ‘making cities and human settlements inclusive, safe, resilient and sustainable’ and ‘build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation.’

The Fund aims to own c.3,500 co-living studios/rooms in London, contributing an under-supplied product to London’s housing market. The Fund is providing a new, more affordable class of housing typology which reflects the needs of today’s solo renters who are looking for good quality accommodation.

The Fund also seeks to provide an element of its studios/rooms to marginalised groups in London, providing a quality housing solution to those who may have otherwise struggled to access the housing system.

The Fund will contribute towards the UNs Sustainable Development Goal (no 8 & 10) of ‘reducing inequality within and among countries,’ and ‘promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.’

Internal Community

The Fund is aiming to contribute to solving a loneliness problem that exists for solo renters in London through creating a physical social network that encourages members to interact on a daily basis. Thoughtfully designed communal spaces and a busy programme of events will aim to encourage members to live together in a shared community. Over half of these events will focus on developing and educating members on new skills. Weekly peer support groups and in-house coaching from trained members will form part of the self-development programmes.

External Community

Outside of the buildings, the Fund will run initiatives to encourage members to interact with the surrounding local communities. We will engage with the local community through community consultation events, closed meetings with residents’ groups and other key stakeholders. For every development the Fund will agree and document a ‘Community Investment Programme’ with the Local Authority which will seek to deliver long lasting public benefits and will:

  • demonstrate how we will engage with and listen to local people and form partnerships to empower them to help us create developments that are representative of the neighbourhoods that we operate in;
  • document our commitment to delivering community space in all of our buildings to cater for the needs of local residents, charities, social enterprises and community groups;
  • detail our commitment to partnering with charities to tackle local issues by providing seminars and training and interaction with our residents to promote new skills and experiences to local residents;
  • detail how we intend to provide bespoke training and employment opportunities to local residents during construction and operation of the buildings in partnership with local charities who can help promote social mobility; and
  • document our commitment to providing affordable and flexible employment incubator spaces within our schemes wh

The fund is aiming to contribute towards the UN Sustainable Development Goal (no 3) of ‘ensuring healthy lives and promote well-being for all at all ages.’

The Fund aims to support its members to make healthy choices by promoting a lifestyle focused on health and wellbeing. Urban gardens, gyms and healthy food operators are part of the model. Each building will have an events programme which places a strong focus on health and wellbeing, with seminars and talks being held on topics such as exercise, nutrition, sleep and relaxation. There will be daily fitness events ranging from body pump and yoga to community runs and football teams.

The health and wellbeing policy will also focus on the overall wellbeing of the members, with staff trained to direct members to where they can seek support with any mental or physical health concerns. As an example, the Fund will provide a free subscription to Confidential Care which provide an advice service, staffed by a range of consultants, including counsellors, psychotherapists, solicitors and financial experts, all qualified to give guidance on challenges faced by members.

The Fund is working closely with WELL, a leading institute for advancing health and well-being in buildings globally. This

The fund is looking to contribute to the UN Sustainable Development Goal (no 11 & 12) of ‘ensuring sustainable consumption and production patterns’ and ‘making cities and human settlements inclusive, safe, resilient and sustainable.’

The Fund places a strong emphasis on minimising its environmental impact from building design and construction, right through to operations and engagement with residents. All buildings will target BREEAM Excellent and emphasis will be placed on minimising energy consumption through use of technology and member education.

The sharing of goods and services will be encouraged to minimise waste within the communities.

ALIGNMENT TO THE UN SUSTAINABLE DEVELOPMENT GOALS

The fund’s environmental and social impact strategy aligns directly with six of the UN’s Sustainable Development Goals (UNSDGs)