Lloyds Banking Group’s Citra Living has entered into an agreement with ESG technology specialist Utopi to integrate advanced data and technology solutions into its housing schemes across the UK. The partnership will initially cover 92 homes in four locations by summer 2024.

This initiative highlights Citra’s dedication to leading the industry in sustainable living. Utopi’s solutions will provide real-time, detailed data from Citra’s properties, enabling the company to monitor performance, comply with ESG regulations, and help residents control energy consumption and reduce carbon emissions.

Craig Luttman, Chief Strategy Officer at Citra Living, said: “This agreement with Utopi will both help reduce energy costs for our customers and help us progress towards our net zero carbon ambitions. The ability to closely monitor the performance of our homes across the UK and to use these insights will drive positive changes for our customers and improve the energy efficiency of our growing portfolio. This is the start of an exciting partnership for Citra Living.”

The collaboration aims to enhance the operational efficiency of Citra’s properties and support its net zero carbon targets. Additionally, it will assist in offering more affordable housing by alleviating utility costs for customers.

Jonathan Burridge, CEO and Co-Founder of Utopi, commented: “This agreement is a great sign of the impact Utopi can make, not just on increasing NOI but also ensuring investors, asset managers and operators adhere to ESG standards and regulations. Citra Living has an exceptional name in the market, and we’re proud to be aligning our businesses to expand further into the multifamily sector. A sign of good things to come, and we’re excited to be on this journey with them.” The agreement will further Citra’s commitment to sustainable real estate and affordability in the UK rental market.