Kamma

📣 Big news: our first climate transition planning report is here. 📣 🌱 The report is designed to help you drive real climate progress in your organisation. 🕵️ We’ve analysed the climate plans of 85 UK mortgage lenders and interviewed their ESG teams, to find out top barriers for climate transition planning and priorities for the next 12 months. 📖 The result is a detailed and transparent view on climate plans and progress so far across the UK mortgage industry. ✨ Want a copy of the report? Register here: https://lnkd.in/dQPyQ2xK 📆 When you get your copy you’ll also be signed up to our launch webinar on 24th September, where we’ll talk through the key findings and then open the floor for discussion. #climatetransition #ESG #greenfinance #mortgages #climateplans #climatetargets #netzero

✨ Financing is available to help cover the upfront costs of retrofit ✨ This is one of the 6 key messages we think can help the property sector to drive retrofit uptake amongst homeowners Why this message? 🤔 Research shows that the perception of high costs is the top barrier that prevents homeowners from retrofitting. Even with cost optimisations, the upfront costs can be insurmountable for homeowners without easy access to financing. Renovation loans and support through green mortgages can remove this barrier entirely, often with generous preferential rates included. What’s the proof? 🤔 Today there are many retrofit financing opportunities available. As one example, Nationwide Building Society currently has a Green Additional Borrowing Mortgage which enables homeowners to borrow £5,000-15,000 to spend on retrofit improvements at a 0% interest rate for 2-5 years. That means homeowners can get the financial benefits of reduced energy bills and increased resale value, at £0 upfront cost. Plus, grant funding from the government may be available for certain measures too e.g. the Boiler Upgrade Scheme or ECO4. More details below ⬇️  #retrofit #mortgagelender #climatecommunication 

We are thrilled to be on this list in recognition of the work we do as a mortgage provider for properties and projects that have a positive environmental impact 🙌🏼🌍 Thank you for the mention Kamma 🍃 #greensavings #sustainablefinance #mortgageprovider #climatechange

🏆 The top 5 climate-leading mortgage lenders in the UK 🏆 Last week we launched the first edition of our new report ‘The State of the Climate Transition for UK Mortgage Lenders in 2024’. In the report we analyse the publicly available climate plans of 85 UK lenders, sharing key findings on progress so far and where improvements are needed. Every lender that we analysed was scored against a set of criteria which outlined all the detail needed to ensure robust and credible climate plans and targets. We don’t reveal the full league table in the report, but we do share the top 10 lenders who are leading the industry on climate planning and progress. So who are those climate-leading lenders? Here’s the top 5: Nationwide Building Society Ecology Building Society Handelsbanken  OneSavings Bank  Lloyds Banking Group 👏👏👏 None of these lenders received a perfect score – more work on climate is definitely needed across the industry – but they are leading the way with robust and credible climate plans. Want to know what sets these leading lenders apart? Or, curious about whether your organisation made the top 10? Grab your copy of the report using the link below 👇 https://lnkd.in/dQPyQ2xK You’ll also be signed up for our launch webinar on 24th September, where we’ll chat through the key findings. #climatetransition #ESG #greenfinance #mortgages #climateplans #climatetargets #netzero #kamma

What are the key barriers to home retrofit and green mortgage uptake? 🤔 We’ve identified the 2 major challenges below 👇 #MortgageLender #MortgageBroker #GreenFinance #GreenMortgage #MortgageSector #PropertySector #RealEstate 

One of our favourite parts of the work we do at Kamma is being able to collaborate with organisations like the Green Finance Institute who are actively working to push forward climate progress in the finance industry 🤝 For our new report ‘The State of the Climate Transition for UK Mortgage Lenders in 2024’ (released today!) we asked the wonderful GFI team if they would take a look at the report before it launched and share their honest feedback. Here’s what they had to say: "Effective action on climate change requires equal parts innovation and accountability – especially in the data-heavy world of regulated financial services. Financial institutions can face complexities when defining metrics, gleaning decision-useful insights from data, and reporting on progress. This research reveals that compliance and risk are the top drivers of lender activity around climate transition planning. The Green Finance Institute welcomes the recommendations in this report, in particular the need for more standardised reporting practices that enable financial institutions to have the capacity to drive financial innovations that support consumers to decarbonise their homes." We couldn’t agree more – and we strongly believe that transparency and collaboration is vital to drive decarbonisation across the industry, and organisations like GFI are paramount to that 💚 Curious to see more detail on the key findings in the report? Get your copy and register for the launch webinar at the link in the comments below👇 Emma Harvey-Smith Chloe T. Ryan Jude #climatetransition #ESG #greenfinance #greenmortgage #greenfinanceinstitute #netzero #kamma

How are UK mortgage lenders *actually* approaching climate transition planning? We’ve heard from many lender contacts that there’s a huge lack of transparency in the industry on how best to approach difficult areas in climate planning Areas like how to accurately calculate financed emissions for the mortgage portfolio when the data on property emissions is so dodgy (EPCs we’re looking at you!) We want to help improve this and bring knowledge-sharing and collaboration to the forefront of climate planning in the mortgage sector To support this, tomorrow we launch our first edition of our new report: The State of the Climate Transition for Mortgage Lenders in 2024 Keep an eye out for it on your LinkedIn feed tomorrow In the meantime, you can also register for our launch webinar on 24th September when we’ll be chatting through the key findings from the report: https://lnkd.in/dQPyQ2xK #climatetransition #ESG #mortgage #greenfinance

✨ Retrofits aren’t as expensive as you think ✨ This is one of the 6 key messages we reckon can help the property sector to drive retrofit uptake amongst homeowners Why this message? 🤔 Research shows that the perception of high costs is the top barrier that prevents homeowners from retrofitting, so overcoming that perception is the top priority. What’s the proof? 🤔 When you research retrofitting, advice suggests that retrofits can cost anywhere up to £70,000 – which instantly puts most homeowners off. In reality, most UK homes are currently at EPC D and need to get to an EPC C (as a minimum starting point). Extensive user testing for our retrofit cost-optimisation engine has found that, with the right approach, the cost to EPC C should be between £1,000-£5,000. That’s within budget for over 75% of the homeowners that we surveyed. More details below ⬇️ #retrofit #mortgagelender #climatecommunication 

Low energy efficiency on mortgaged homes = transition risk 🐌 So what metrics can you use to measure and report on this as a lender? Let’s take a look ⬇️

👀 REVEALED: the top climate-leading mortgage lenders in 2024 Next week we’re releasing the first edition of our new annual report: The State of the Climate Transition for Mortgage Lenders in 2024 Pressure is rising for lenders to be making significant progress on climate – from climate disclosure regulation, as well as from investors and consumers But, developing a robust and credible climate plan with realistic but ambitious targets for decarbonising the mortgage portfolio is not an easy task So, we’ve conducted an analysis and survey of over 80 UK lenders to understand the state of the market so far and the top barriers and priorities for the year head The report will reveal the top 10 climate-leading lenders in 2024 It also includes aggregated insights on how well prepared lenders are for the climate transition across a host of metrics, from the strength of the plan, to the ability to quantify transition risk, to success in actually driving down emissions We’ll be discussing the most important insights from the report in our launch webinar at 11am on Tuesday 24th September Register to secure your space at the webinar (and get your copy of the report when it launches) using the link in the comments below ⬇️