ESG & impact report 2024-2025 published

Newcore is pleased to publish its 2024-2025 ESG and impact report which outlines the progress made over the past year across Newcore itself and our institutional funds, NSS IV and NSS V.

Read the report here.

This year’s report reaffirms our continued commitment to investing responsibly in UK social infrastructure, delivering risk-adjusted returns to pension fund and institutional clients, while enabling the delivery of affordable, socially useful, and environmentally resilient buildings all within governance-led fund structures.

These principles have not only guided our investment decisions but have also supported the successful raising of additional capital from investors who share our long-term outlook and values. We look forward to continuing these partnerships and updating you on their progress in next year’s report. Our focus on transparency and externally validated impact remains core to everything we do.

Key highlights include:

• 82% of assets are delivering positive social and environmental outcomes
• Newcore’s contribution to achieving impact is medium / high for 74% of total assets
• 32 assets repositioned into social infrastructure
• Over 2,000 nursery places and 500+ SEN school places created
• 900+ jobs created across educational assets
• NSS V nearly doubled in size with 21 new acquisitions, mainly in healthcare (serving over 150,000 patients)
• Carbon intensity reduction target tightened – implementing a new mid-term reduction target of 50% carbon intensity reduction by 2030
• First close held for NSIIF, Newcore’s flagship income fund
• Launch of NSSIP, a local impact fund with Swansea Pension Fund
• Winner of Fund Manager of the Year and ESG Investor of the Year at the 2024 Property Week Awards

“This report captures our commitment to our three pillars around sustainable investing and demonstrates how long-term value creation comes from investing in assets that serve both people and the planet. It also shows the role that responsibly managed private capital can play in helping to close the gap in the UK’s social infrastructure by increasing its supply, improving its quality, and ensuring it is future-proofed,” Hugo Llewelyn, CEO & Founder.

Please contact us if you would like to discuss any aspect of the report with us.