Today Convene ESG hosted another constructive webinar, this time we were joined by Richard Hunt from CAF Bank to talk about what borrowing green loans looks like.
Green Loans are a loan that the borrower has to exclusively use for sustainability projects. Increasingly in the Housing Sector, this means providing the lender with an SRS Report. During this webinar, Richard Hunt explained that there are 4 components that go together to form a Green Loan:
Use of Proceeds -demonstrating what the green loan will be used for.
Project Evaluation and Monitoring - ensuring funds are used appropriately.
Management of Proceeds - separate green loan bank account and providing invoices.
Reporting - ongoing proportionate reporting on the project.
Richard Hunt also detailed that we need a holistic approach. Sustainability is on everyone’s agenda, both customers, financing organisations and housing associations acknowledge its importance, but no one can make economic or governing decisions without data. The benefit of green loans may be the discounts, but the tying together for a common purpose is the key point. Energy efficiency and environmental sustainability is economically sound not only because for some rent and heating are costing the same amount but also because it will provide better risk management.
Sustainability in finance and green loans are the future, so investing now will save money in not only the short but also the long-term. If you would like to learn more, please rewatch the webinar here.
From all of us at Convene ESG, we want to thank Richard Hunt for his valuable insights and for sharing his knowledge. We believe that the Housing Sector working together can make great strides towards positive change, and Green Loans are a major part of this. Convene ESG want to be able to host more discussions like this in the future and already have some major events planned. To see more, visit our events page here.
How Can Convene ESG Help You?
Convene, working with our vast number of Housing Industry clients, have developed a new software tool, Convene ESG, to help you produce the best ESG and SRS reports possible. By simplifying and automating much of the process, you can be sure that your ESG report building runs smoothly, so you can focus on developing your sustainable strategies.
With Convene ESG, you can develop a collaborative workflow, assigning certain sections of the ESG or SRS report to the required people. Once all the sections are filled in, Convene ESG will produce a formatted Word Document or spreadsheet ready for you to publish!
Convene ESG also has a built-in comparison feature, which allows you to compare against competitors' formatting of their publicly accessible reports, and their results! This will help the whole of the housing sector develop the best reports possible!
If you’d like to learn more, you can read about our early adopters here, or contact us for a free demo. Also keep an eye on our LinkedIn and Instagram as we will be scheduling more free webinars soon!