❯ 3 – Building confidence through transparency
The third phase of the Energy Efficient Mortgages Initiative (EEMI) has involved stepping up and accelerating efforts to deliver the EEM ‘ecosystem’, with emphasis placed on the launch of the Energy Efficient Mortgage Label (EEM Label).
A key element of the long-term success of the EEM product and ecosystem is clear data evidence from reliable sources. The ability to provide such information to the market strengthens the value and importance of energy efficiency, and significantly contributes to improving and sustaining the demand for energy efficient buildings and mortgages.
Based on the original EEM definition, the EEM Label provides access to relevant, timely and transparent information on banks’ loan portfolios through the Harmonised Disclosure Template (HDT). The Label is a quality benchmark which supports confidence in EEM, catalyses consumer demand, drives enhanced asset quality and facilitates investor due diligence.
Finally, the EEM Label is designed to keep pace with legal and market best practices, and is therefore a global reference from the perspective of banks and institutional investors, drawing on the example of the Covered Bond Label.
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The project DeliverEEM has received funding from the European Union’s LIFE 2023 programme under grant agreement No.101167431. The EeMAP, EeDaPP, EeMMIP projects have received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreements No. 746205, No. 784979 and No. 894117 respectively