Six additional Dutch institutions join the Energy Efficient Mortgage Label

Brussels, 23 November 2021 - The Energy Efficient Mortgage Label is pleased to announce that an additional six Dutch institutions (in alphabetical order: Allianz, CMIS Group, Dutch Mortgage Portfolio Management, NN Investment Partners B.V., Obvion N.V. and Venn Hypotheken B.V.) have joined the Energy Efficient Mortgage Label, following on from the recent, official establishment of the Energy Efficient Mortgages NL Hub.

Against a background where investors, regulators, supervisors, policymakers and rating agencies are increasingly vocal on the need for greater adoption and transparency around sustainability in banks’ operations, the EEML is offering a concrete response to these calls, as a clear and transparent quality label for consumers and other market participants, aimed at identifying energy efficient mortgages (EEM) in lending institutions’ portfolios.

The addition of these six Dutch institutions to the Label brings the total number of EEM Labelled institutions to 37 from 13 European countries covering 45 financial products. It also coincides with the first official meeting on 23 November of the Energy Efficient Mortgage Label Committee, which is focussed on delivering a robust governance structure and providing support and guidance to the industry in meeting the challenges associated with financing the transition to a more sustainable economy.

The continuing growth of the EEML illustrates the commitment of the mortgage industry to long-term solutions to address climate change risks for the benefit of all, acting as a catalyst for consumer demand and driving the qualitative upgrade of the energy profile of institutions’ portfolios and of enhanced asset quality. 

The recent establishment of the Energy Efficient Mortgages NL Hub is evidence of this commitment specifically in the Netherlands, where efforts are underway to support and promote the acceleration and adaptation of energy efficient housing in the Netherlands in line with the objectives of the Energy Efficient Mortgages Initiative (EEMI).

Commenting on this, EEM Label Administrator, Luca Bertalot said:

“We are delighted to welcome six additional Dutch lenders to the EEML, clearly demonstrating the commitment from lending institutions in the Netherlands to the EEM Label project and our efforts to secure quality and promote transparency around energy efficient mortgages. Moreover, the official establishment of the Energy Efficient Mortgage NL Hub will significantly help to achieve the overall objectives of the Energy Efficient Mortgage Initiative to reduce climate change risks, reinforce financial stability and ensure more sustainable housing for all.”

Mr Piet Hein Schram, (EEM Label Committee member representing the Dutch market and expert within the Energy Efficient Mortgages NL Hub), said: 

“The Dutch mortgage market in general and the 11 Dutch lending institutions participating in the EEM Label in particular, fully support the objectives of the EEMI and the EEM Label.  We look forward to working closely with the other institutions and the EEMI to achieve the ambitious goals set for the EEM Label.“

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