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The path to net zero

Posted on 27 May 2021

The Hyde Pathway is giving Hyde a clear view of how to meet the challenges of becoming net zero.

“The Hyde Pathway aims to give us a complete understanding of what net zero means for us and our 100,000 customers, across all of our activities and operations – from new homes through to our existing stock, and how we run our business,” explained Hyde Asset Management Director Luke Driscoll.

The Hyde pathway was designed with energy and sustainability specialist Adecoe, to give a clear view of the challenges and the flexible choices Hyde has to meet them.

“We know the world will look very different in 30 years’ time. We’ve designed the pathway to ensure we are able to respond to those challenges in a positive way,” Driscoll said.

“But the actions we take must be based on real evidence and analysis, so we can make the right choices at the right time, for our customers and ourselves. That’s why we’ve measured our operational carbon footprint and have energy performance data for more than 90% of our general needs homes (about 70% of Hyde’s entire stock), which are responsible for more than 90% of carbon emissions.”

The pathway also identifies a number of financing options that could unlock funding, such as the forthcoming Social Housing Decarbonisation Fund, for both retrofitting existing stock and building energy-efficient new homes.

“It’s clear that delivering net-zero is technically achievable today – the real challenges are around choices and costs. In the next few years, we will have to decide what technologies we put in our homes, what heating systems we use and the role of data,” Driscoll added.

“Upgrading our existing homes will come at a huge cost. However, we believe there are some things that Hyde, the housing sector and policy makers can do to tackle this. That’s one of the reasons why we co-founded the Greener Futures Partnership, to give social housing providers a collective voice that will really help turn the dial towards net zero.”