Demand for ESG data has been growing steadily in recent years.
This includes investors: climate risks mean investment risk, and investors have their own climate-related financial disclosures and net zero pledges to fulfil too.
Plus, with Labour now in government and committed to delivering policy on housing decarbonisation, the overall demand for ESG data for residential mortgages is only likely to continue growing.
In response to this, second charge lender Equifinance are partnering with leading climate data provider Kamma to ensure an in-depth understanding of the ESG credentials of their asset pool.
Kamma will deliver best-in-class climate data and analysis for Equifinance’s mortgage book (including new originations) on a regular basis, providing the insights needed on the environmental performance of underlying assets within Equifinance’s securitisations.
At the same time, these insights will also support Equifinance to fulfil financed emissions disclosure requirements, measure and mitigate climate transition risk within the mortgage book, and inform the development of the company’s climate targets and strategy.
Chris Payne, Chief Financial Officer for Equifinance, commented on the partnership: “We are thrilled to partner with Kamma to ensure both our investors, and ourselves, are up to speed on the latest energy efficiency and environmental performance of our mortgage book”.
Joe Webb, Kamma’s Chief Growth Officer, added: “It’s impossible for investors to evaluate the environmental performance of property assets without the right data, and finding the right environmental data is a huge challenge for originators due to the incomplete, unreliable, and inaccurate nature of EPCs. We’re delighted to partner with Equifinance to help them overcome this challenge and deliver the climate data and analytics both they and their stakeholders need.”
This was first published as a press release in August 2024, with coverage from Mortgage Solutions and Mortgage Introducer.
About Kamma:
Kamma is a world-leading geospatial technology company which specialises in creating unique data and solutions from disparate information for the property and financial sectors.
Kamma works with organisations throughout the real estate value chain with two key focuses: property licensing and property decarbonisation. On the decarbonisation side, Kamma enables companies operating in the property sector to gain access to the insights and tools they need to undertake the climate transition with confidence.
Learn more: www.kammadata.com
About Equifinance:
Equifinance is a specialist second charge mortgage lender, developing and delivering lending products that suit the needs of a wide spectrum of customer circumstances.
Equifinance particularly supports applicants with second charge mortgages that can be used for a range of purposes such as debt consolidation, home improvements, and funding one-off major purchases.
Learn more: www.equifinance.co.uk
