MSP Capital shares commitment to ESG through 'Foundations for Better Futures'

The Poole-based property finance specialist has launched a new initiative as an ongoing commitment to its environmental, social and governance (ESG) strategy.

MSP Capital’s commitment to supporting its people, community, industry and environment is now focused under the title of Foundations for Better Futures.

As well as championing ESG progress to date, an integral part of the initiative is to lay the groundwork for future action. It follows the establishment of an in-house ESG working group at the 42-year-old lender.

Adam Tovey, Director of Risk and Underwriting said: “We know the impact we have on our employees, suppliers, borrowers and communities extends well beyond the walls of our offices and the money we lend.

“We believe there is a better way of doing things, and we have a responsibility to drive positive change in our industry.”

“I’m proud that our team are so passionate about creating a positive legacy. Seeing the work that’s been done already to start this process is fantastic.”

Under its ESG strategy, MSP Capital has already embedded a host of environmentally friendly measures at its Poole head office. These have enabled the office to be carbon negative since March 2022 by offsetting more than 125% of its emissions.

In November 2021, MSP Capital established a community committee to co-ordinate staff fundraising for charities and other good causes.

So far, team initiatives have included beach cleans, donations of food, clothing and toys, a volleyball event, a 24-hour treadmill climb, a long-distance walk and sponsorship of a charity golf day. 

The launch of Foundations for Better Futures also follows recent research commissioned by MSP Capital that highlights growing recognition among developers of the importance of building sustainable homes.

Respondents cited rising demand for greener homes among prospective occupiers at this time of rocketing energy bills coupled with tighter government policy on building regulations and energy efficiency standards.

In June, the company hosted their first ever Lunch & Learn event – which was also the first event held under the Foundations for Better Futures name. 

Adam shared that this event is part of a broader plan to encourage continual development with both the team at MSP Capital and the industry.

“Sharing knowledge and learning alongside our clients is extremely important to us. It’s a key way we maintain such close connections with our clients, and the industry.”

Attended by local developers, valuers, surveyors and lenders, the seminar was in partnership with solicitors, Trethowans, and focussed on the imminent introduction of a government requirement to provide ten percent biodiversity net gain (BNG) on new housing and commercial developments.

Among the attendees at the seminar was property valuer Mark Fox, Director of Foxglove Property Consultants, which has offices in Shaftesbury and London. Mark said: “It was forward-thinking of MSP Capital to hold this event. The content was interesting and useful and it was a great networking opportunity too.”

The lender’s journey has only just begun, with more plans on the horizon.

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For more information on 'Foundations for Better Futures' visit:

www.mspcapital.co.uk/Foundations