Report
The State of the Climate Transition for UK Mortgage Lenders in 2024
Analysis of the top 85 lender climate transition plans and survey results from ESG teams, providing much-needed context on how lenders are approaching climate action
How does your climate plan compare to the market?
Insight on best practice from 85 publicly published mortgage lender climate plans and actions
Want actionable steps on how to improve your climate plan?
A personalised assessment of your climate plan across five key areas of analysis, with steps on how to improve
Are you a small to mid-sized lender getting started with transition planning?
Learn how small teams can make quick and affordable decarbonisation decisions, and meet regulatory standards
The top 5 climate-leading lenders in the UK
Lenders are only just at the starting blocks on climate
Data quality is the #1 challenge cited by lenders
Most lenders haven’t figured out how best to quantify the role of external dependencies (especially policy)
Lender plans consistently reference the role of government policy to decarbonise the National Grid and enforce minimum energy efficiency standards. In fact, 87% of our survey respondents highlighted external dependencies that lie outside of the control of the lender as a major challenge in climate transition planning.
However, only a quarter of lenders have successfully quantified the actual impact of these policies on the decarbonisation pathway for their mortgage portfolio, which is absolutely vital information to support lenders to reach their climate targets.
Action to drive retrofit amongst mortgage customers is slow
Mortgage lenders have a close relationship with homeowners, meaning they are a key channel for both education on energy efficiency improvements and financing products to help homeowners with retrofit costs.
However, only 39% of lenders currently include retrofit education and 44% retrofit financing in their climate transition plan as a way to drive decarbonisation of the mortgage portfolio.
Keep reading Kamma's 2024 Mortgage Lender Climate Transition report
Download the full report to get all the insights ↓
How does Kamma help?
Kamma works with mortgage lenders to drive the built environment to Net Zero. We combine world-leading data collection and address matching with insightful analysis to articulate the fastest and most cost-effective decarbonisation strategies. We ensure regulatory compliance, manage risk, identify green growth opportunities and qualify green assets.
Contact us now to find out more about how Kamma can support your business to manage, de-risk and decarbonise property-related assets.