Borrow today, build for tomorrow

MORhomes 2038 Notes are Social Bonds in accordance with the Social Bond Principles 2018, whilst the 2051 Notes are Sustainability Bonds in accordance with the Sustainability Bond Guidelines 2018.

Overview of MORhomes’ Sustainable Bond Framework

Diagram credit: NatWest

Social Bond Framework (October 2018)


Second Party Opinion

Sustainable Bond Framework (February 2021)


Second Party Opinion

Documentation relating to the social bond framework can be found by clicking on the links above.

View our Social and Sustainable Impact Reporting

NatWest opens door to investors for MORhomes’ £18m Sustainability Bond (December 2021)


Elizabeth Howard is Melin’s director of finance. In this case study she shares more about Melin’s experience of going through MORhomes Sustainable Housing Assessment and the benefits the organisation has felt since going through the process.

In advance of MORhomes’ new Sustainable Bond, Melin was one of the first to pilot MORhomes’ new Sustainable Housing Assessment. A first-of-its-kind tool comprising of 11 questions, it measures housing providers’ ESG performance (environmental, social, governance) against an objective standard. The SHA aims to help housing associations effectively report on and benchmark ESG whilst also providing MORhomes with a clear and consistent way to demonstrate overall impact to investors.

South-East Wales based Melin Homes owns and manages more than 4,000 homes in Blaenau Gwent, Monmouthshire, Torfaen, Newport and Powys. True to its social purpose, Melin strives to make a positive impact on the environment and the communities in which it operates.

Download the Case Study