Considering the suitability of the stock for the long term, given the implications of climate change and the need to meet the government's target of net zero carbon by 2050, is a key element of the asset management strategy.  The strategy seeks to improve the energy efficiency of the stock, as well as switching to low-carbon energy sources, while considering risk factors such as floods, heatwaves and damp / mould. 

Work has begun on identifying which assets should be retained and improved, which should be sold and which should be demolished.  This takes into account that demolition itself may result in environmental damage due to the release of embodied carbon, as well as affecting the social fabric of the neighbourhood, although it might be a better long-term solution in some circumstances.  The organisation has considered using a “whole-life carbon” approach, which may alter the balance in decisions about whether to retrofit existing buildings or to demolish and replace them with a new property.  It also requires the organisation and its contractors to be more proactive in  terms of its reuse of materials when buildings are demolished.  Where existing buildings have a significant heritage value, the organisation is seeking additional external funding to meet the costs of retrofitting.