This story features NATIONAL AUSTRALIA BANK LIMITED. For more info SHARE ANALYSIS: NAB
FNArena s dedicated ESG Focus news section zooms in on matters Environmental, Social & Governance (ESG) that are increasingly guiding investors preferences and decisions globally. For more news updates, past and future:
ESG Focus Green mortgages a reprieve for banks
As big capital extends green financial nets into the retail, SME and corporate markets, banks are likely to be sheltered from the worst ravages of competition behind anti-trust legislation.
– EU launches sustainable finance strategy
– Global anti-trust and anti-big-tech sentiment given a voice
– Green mortgages on the way
– Capital questions: who gets what when stress strikes
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The EU is aiming to be climate neutral by 2050, which will
require climate action from us all. Banks in Finland have taken a
step in that direction by launching the first environmentally
friendly green mortgages onto the Finnish market. How will this new
product effect the future of the mortgage market?
ENERGY EFFICIENT LIVING REWARDED WITH LOWER INTEREST
The goal of the Energy Efficient Mortgages Action Plan
(EeMAP) funded by the EU is to develop a green mortgage
for the European markets in order to encourage energy efficiency.