Kamma

Licensing enforcement is changing—are you ready? Our latest report, Red Tape Revolution: The Next Wave of Licensing Enforcement, dives deep into the councils leading the charge and those falling behind. 💡 Key Insights: 🔑 Top councils inspect over 8,000 properties, while others manage fewer than 50. 🔑 £900k in fines for non-compliance in London this year alone. 🔑 Councils are investing in private enforcement teams to boost results. 👉 Download the full report now to stay ahead of the curve: https://hubs.li/Q02RPTDw0

The average mortgage book has no EPC rating for 35% of mortgaged homes That’s a big chunk of missing data. But our recent analysis of 85 lender climate plans found that only a quarter of lenders are transparently disclosing the missing EPC data in their portfolio. Lenders rely on EPC data as a fundamental climate data source. It’s the backbone of financed emissions calculations, climate risk analysis, setting climate targets, determining decarbonisation pathways, and so on. If lenders aren’t disclosing this or explaining how they’re rectifying the missing data, then there’s a massive blind spot in their climate plans. It calls into question the credibility and robustness of the climate plan. And that’s the last thing you want, because accusations of greenwashing are the natural next step. So how are climate-leading lenders handling the problem of missing EPC data in their climate plans? Well, by disclosing it, quantifying it, and finding accurate ways to estimate the missing data. You can learn more about that in our full report: The State of the Climate Transition for Mortgage Lenders in 2024 – head to the Kamma climate website to grab your copy ➡️ https://lnkd.in/dBnBWgU8 #climatetransition #climatetargets #EPC #climatedata #mortgages #netzero #ESG

What are the highest potential homes in the UK for retrofit? 🤔 Arguably, if the aim is to get as many homes as possible to an EPC C or above, then it’s the EPC D homes that have the most potential as low-hanging fruit 🍒 Our data shows that a huge 37% of UK homes are currently an EPC D! 🏡 Small energy efficiency improvements in EPC D homes could be enough to bring them to that minimum standard – and further improvements could come later to fully optimise energy efficiency and lower carbon emissions as much as possible 🚀 Agree? Disagree? We’d love to hear your thoughts in the comments ⬇️ #EnergyEfficiency #Retrofit #UKRetrofit #HomeRetrofit #MortgageLender #MortgageSector #PropertySector #RealEstate 

Does your climate transition plan align with the Transition Plan Taskforce Disclosure Framework? Read more below #climatetranstion #climateaction #climateplan #netzero #lendingindustry

🌍 Struggling to meet regulatory expectations? From 2025, under the ISSB’s IFRS S2, mortgage lenders with climate action plans will be require to make them public. TCFD gave financial institutions the flexibility to report on the aspects of climate risk and opportunity that they felt important However IFRS will make it mandatory to report both financed emissions and exposure to all forms of climate risk (including transition risk). Learn how to get ahead of this deadline below: https://lnkd.in/eA4FUd38 #climatetransition #mortgagelenders #netzero

Is your mortgage portfolio ready for the next level of climate transparency? Mortgage lenders must align with the PCAF framework to accurately assess and disclose emissions from their portfolios. But with mortgage portfolios lacking valid EPC data for 35% of properties on average, many lenders face challenges in improving their data quality. Imagine being able to confidently disclose your portfolio's climate impact and lead the way in climate finance. By improving your PCAF score, you can build trust with investors, ensure regulatory compliance, and strengthen your climate strategy. Interested in reading more? Follow the link below. https://lnkd.in/eqmZ5dTf

🌍 Our 2024 report highlights the leaders in the UK mortgage sector driving real change in emissions reductions. From data-driven targets to retrofit-focused initiatives, these top 5 lenders are putting words into action. 🛠️ The report delves into strategies mortgage lenders can adopt to future-proof their climate plans in line with regulatory changes, including the shift to IFRS standards. Want insights on how the industry is evolving? And how you compare? 📊 Download the report now, and why not sign up for a free, personalised assessment of your climate transition plan. #climateaction #netzero #esg https://lnkd.in/dBnBWgU8

Nationwide would be able to hold 12.44% less capital for its portfolio of EPC A properties, if EPC ratings were factored into capital requirements calculations That’s a pretty telling statistic Let’s look a little closer In 2022 the Bank of England published a research paper with Nationwide exploring the impact if energy efficiency ratings (i.e. EPC rating) and the associated default risk were reflected in capital requirements The key finding was that for Nationwide’s mortgage book, customers with high or medium energy efficiency properties were found to be around 20% less likely to default than customers with low energy efficiency properties And if this was reflected in capital calculations then Nationwide would be able to hold 12.44% less capital for its portfolio of A rated properties Further, if Nationwide then shifted its portfolio to include more high energy efficiency properties (via driving customer retrofits) it would lead to a reduction in overall capital requirements For more details on the paper and the link between energy efficiency and capital requirements 👉 https://lnkd.in/e7WfNUga

Where does your company's climate transition plan rank among UK mortgage lenders? Kamma’s Lender League Table has analysed the plans and actions of 85 lenders, highlighting who is making strong progress on net zero, where the challenges lie, and how to robustly tackle the transition. 🔍 See the preview of our industry report below. For the full 34-page document, follow the link to download ⬇ https://lnkd.in/dBnBWgU8 #climatetransition #climateaction #netzero

93% of lenders see data quality as their biggest climate challenge That’s according to our recent survey of ESG professionals at UK mortgage lenders, conducted as part of the research for our report: The State of the Climate Transition for Mortgage Lenders in 2024. Good data is the backbone of a robust climate transition plan. Without it, it’s impossible to ensure accurate emissions calculations or realistic targets and action plans. That’s a challenge for mortgage lenders because EPC data is the primary source for understanding the carbon emissions from UK housing. And it’s full of flaws. Many homes don’t have a valid EPC. Even for those that do, the EPC estimate of energy efficiency and emissions is typically highly unreliable due to the shoddy SAP methodology behind it. There are ways around this, though. Sourcing other climate data to corroborate. Adjusting the EPC estimates for increased accuracy. Using modelling and geospatial data to predict missing EPC ratings. And given 90% of the ESG professionals we surveyed are making it a priority for the next 12 months to improve data quality, it’s definitely worth exploring these options. All possible when working with a best-in-class data provider like Kamma. For more insights like this, download your copy of the report ➡️ https://lnkd.in/dBnBWgU8  #climatetransition #climatetargets #EPC #climatedata #mortgages #netzero #ESG