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What is a green mortgage? | Green Mortgage Advice Initiative Webinar
29 July @ 10:00 am - 11:00 am
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Join this webinar, hosted by the Green Mortgage Advice Initiative, on Monday, July 29th, at 10 a.m |
Buildings account for 23% of all UK carbon emissions, and we know mortgages will play a pivotal role in financing the shift to net zero in the private housing sector.
And yet, there is still no ‘official’ definition of a ‘green mortgage’:
! There is no formal regulatory definition, and regulatory returns data doesn’t differentiate between ‘green’ and ‘standard’ mortgages;
! In the market, the terms ‘Green’, ‘Sustainable’ and ‘ESG’ are often used interchangeably – despite carrying distinct (if overlapping) meanings;
! There is little consensus on how the various ‘green’ offerings out there can be categorised, nor how these correspond with different sets of consumer needs.
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