Climate Bonds Initiative:

active participant in the Advisory Council of the Energy Efficient Mortgages Pilot Scheme

 Brussels, 25 September 2019 For immediate release

 With their focus on mobilising capital markets for the transition to a low carbon and climate resilient economy and their role in the European Commission’s Technical Expert Group on Sustainable Finance, we are delighted to count Climate Bonds Initiative among the members of the Advisory Council of the Energy Efficient Mortgages Initiative (EEMI).

The Advisory Council plays a key role in providing institutional support to the EEMI, as a platform for the exchange of best practices and dialogue between policymakers and stakeholders from the financing and banking communities, property and construction sectors at local, European and global levels, with the ultimate goal of achieving market development in relation to energy efficient mortgages.

Represented by Sean Kidney, CBI brings to the table unparalleled expertise in climate change solutions and valuable insight into the EU Taxonomy discussions which have the potential to shape sustainable finance for years to come.

The alignment between the work of the European Commission in this area and our efforts to develop a European energy efficient mortgage market will be a key topic during a series of important series of events taking place on 26-27 September 2019 in Venice. These meetings will also provide the opportunity to take stock of EEMI developments so far and plan the next steps.

Luca Bertalot, Energy Efficient Mortgages Initiative Coordinator, commented:

“We are delighted to have Sean on board as a member of the EEMI Advisory Council. The kind of expertise and insight he and CBI can offer will help to reinforce the linkages between the EEMI and the work of the European Commission on Sustainable Finance and really make the Taxonomy relevant for the real economy, ensuring consistency in the value chain between mortgage lenders, borrowers and bond issuers. It is only by ensuring a seamless bringing together of the asset and liabilities side of the balance sheet in this respect that we can develop a robust and integrated energy efficient mortgage ecosystem.”

Sean Kidney, CEO Climate Bonds Initiative, said:

Building sustainable mortgage markets that can make a positive contribution to reaching energy goals is a vital link in the climate finance and green investment chain. It’s a challenge for all stakeholders in the market place. I’m honoured by the opportunity for Climate Bonds to become a member of the EEMI Advisory Council and look forward to working with other representatives on these significant projects.”

Contacts:

Luca Bertalot, Energy Efficient Mortgages Initiative Coordinator

E: lbertalot@hypo.org

Tel: +32 2 285 40 35