The Energy Efficient Mortgages Pilot Scheme welcomes Aegon

Brussels, 13 October 2020 For immediate release

The Energy Efficient Mortgages Initiative (EEMI) is delighted to announce that Aegon has joined the Energy Efficient Mortgages Pilot Scheme. As of today, 63 lending institutions have committed to test the implementation of the final energy efficient mortgages framework into their existing product lines and processes.

Alongside the remarkable work that is being done by the lending institutions, an important role is also being played by the 47 supporting organisations throughout the EU, and the Advisory Council, currently composed of 17 national, European and International institutions, which advises and assists the deployment of the Pilot Scheme in the market.

The EEMI is intended as a pan-European effort to coordinate market interventions in relation to the financing of energy efficiency in buildings, create synergies in the mortgage and covered bond value chain, and in this way deliver a virtuous circle between lenders, borrowers and investors from the origination of the mortgage to the pooling of energy efficient collateral that would be the underlying collateral for “green” covered bonds.

The objective of the Initiative is to stimulate and finance investment in energy efficient buildings and energy saving renovations, in this way, help to secure a greener and more sustainable future for all.

It consists of three parallel projects, the “Energy efficient Mortgages Action Plan” (EeMAP), the “Energy Efficient Data Protocol and Portal” (EeDaPP) and the “Energy Efficient Mortgage Market Implementation Plan” (EeMMIP) and is funded via the European Commission’s Horizon 2020 Programme.

Luca Bertalot, Energy Efficient Mortgages Initiative Coordinator, commented:

“It is with great pleasure that we welcome Aegon to the Energy Efficient Mortgages Pilot Scheme. We are pleased to see the growing interest of lending institutions in The Netherlands in the Initiative and look forward to the role Aegon will play in the Pilot Scheme. Their participation underlines the commitment of the market to consolidating the development of green assets and, to a broader extent, shaping a greener and more sustainable future for the next generations.

Matthijs Hofstede, Director Aegon Hypotheken of Aegon stated:

“Aegon believes that reducing the adverse impact of climate change is an extremely important theme in which Aegon wants to have a clear and meaningful contribution. This commitment is shown by our support for the Paris Treaty in 2015 and by signing the Dutch Climate Agreement in July 2019. By joining the Energy Efficient Mortgages Initiative we aim to further extend our contribution to this goal, by sharing knowledge and insights on energy efficient mortgages with other members of the Energy Efficient Mortgages Initiative.”