A community benefit society operates under the rule of one member, one vote no matter how many shares are owned. In addition the Rules also prevent the sale of assets to commercial organisations.
Social performance
A Community Benefit Society acts for the benefit of the community. The Society aspires to remove 200 homes from fuel poverty by reducing energy bills by 25%, equivalent to reductions of up to £32,000/year.
Key Social Performance Indicators (KSPIs)
KSPIs are a measure of how the business is performing on delivering its main social or environmental purpose. Read more
KSPI 1 - Carbon Dioxide Reduced.
Alvington farm wind turbine is expected to save 731 tonnes of carbon dioxide per annum.
KSPI 2 - Community Fund
A community fund has been set up into which 4% of gross revenue will be donated. This fund is managed by a self-selected community panel, drawn from the local Alvington/Aylburton parish. This panel has the remit to distribute funds averaging £15,000- £20,000 per year to projects that deliver community resilience within the immediate local community of Alvington/ Aylburton and their environs.
So far the Society has funded the following local community projects:
1. Repair of the village clock in Alvington
2. Donation to replace the playground at Aylburton playing fields
3. Provision of HD audio visual equipment to Woolason Primary
KSPI 3 - Rolling fund
In addition to the Community Fund, surplus generated by the Society will be used to create a rolling fund estimated to be at least £500,000 in total, to support wider community initiatives, some of which will be targeted at alleviating fuel poverty by reducing energy bills and creating local jobs. The fund may be used to seed-fund similar schemes and projects brought forward by the wider Forest of Dean Community.
Common environmental performance indicators (CEPIs)
CEPIs are environmental performance indicators that are common to all businesses, no matter what their main business activity is. Read more
Carbon emissions
The carbon savings from this project are estimated to be 731 tonnes of CO2 per year.
Staff travel to work
REACR will have no direct employees as The Resilience Centre will be delivering all management activities.
The Resilience Centre offices are located within 5km of the site and all staff travel for the company will be via our Nissan Leaf Electric Vehicle recharged from a 100% renewables tariff or directly at the wind turbine when visiting! See here for more details.
Waste and recycling
REACR does not currently report on waste and recycling.
Common Social Performance Indicators (CSPIs)
CSPIs are social performance indicators that are common to all businesses, no matter what their main business activity is. Read more
Community investment
Please see above KPSI 2 & 3.
Ethical procurement
The Society does not currently report on ethical procurement but looks to uphold the ethical values set out for Society Members of honesty, openness, social responsibility and caring for others.
Local employment
REACR worked with local contractors to complete the civil engineering elements of the construction phase of the project. In addition, REACR employs The Resilience Centre Ltd which has 6 staff based in the Forest of Dean to manage the project. As surplus is generated, work to undertake home insulation on homes in fuel poverty will be contracted by local companies where possible.
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