Energy Efficient Mortgages Data Reporting: a small step for banks, a big step for sustainable finance

By EMF-ECBC Introduction At the time this article is written, EeDaPP is at a turning point. By March 2019, the project will enter its second year, while its twin project, the Energy Efficiency Action Plan will successfully come to an end. At the same time, the Energy Efficient Mortgages Initiative Pilot scheme, the operational experimental phase […]

Energy efficiency and credit risk: uncovering correlation

By Daniele Vergari, Gianluca Natalini, Stella Fumarola, CRIF Introduction One of the key objectives within the EeDaPP project is to investigate the correlation between energy efficiency and credit risk, measuring how this affects obligor’s credit risk and thus a “green” mortgage portfolio performance. To this end, CRIF, closely working with University of Venice “Ca’ Foscari” and the other EeDaPP consortium partners, will […]

E.ON joins forces with BNP Paribas Personal Finance to help UK home owners unlock energy efficiency potential through ‘Energy Efficient Mortgages’

By Marco Marijewycz, E.ON   Around 19 million UK households – equal to around 71% of the UK’s 27 million homes – currently fall below an Energy Performance Certificate (EPC) Band C rating, which means they are missing out on energy savings of up to £380 a year by not having basic measures in place. Tackling […]

Introducing the EeMAP valuation and energy efficiency checklist

By Ursula Hartenberger, RICS Global Head of Sustainability   The recently published EeMAP definition for energy efficient mortgages presents a breakthrough in the project and provides the basis for establishing protocols to ensure appropriate lending secured against properties which are likely to both lower credit risk and  support the climate change mitigation agenda. The definition explicitly […]

Energy efficiency and probability of mortgage default: linkages and hidden risks

By Max Riedel, Research Fellow at Ca’ Foscari Do borrowers become more creditworthy if they take out a mortgage on an energy efficient (EE) building? Or, to start with a more prudent question: does there exist any empirical relationship between EE and the probability of mortgage default (PD) at all? The first question is concerned […]

Energy Efficient Mortgages: A greener future for Europe

Brussels, 3 December 2018 – For immediate release The Energy Efficient Mortgages (EEM) Initiative is, today, unveiling its definition of an energy efficient mortgage which is the result of extensive cross-sectoral, market consultation of the lending institutions piloting the energy efficient mortgage framework and of the EEM Advisory Council. Today’s announcement coincides with the start of the United Nations […]