Legal & Regulatory News
Green Finance Institute launches the Green Home Retrofit Finance Principles in collaboration with the LMA
28 September 2020The Green Finance Institute (GFI) has launched the Green Home Retrofit Finance Principles (GHRFPs), which were developed in collaboration with the Loan Market Association (LMA). The GHRFPs provide a framework of guidelines that promote integrity in the retrofit finance market by providing financial institutions with a consistent and transparent methodology for the allocation of finance towards retrofitting works in the UK’s domestic buildings. The GHRFPs cover: use of proceeds; process for project evaluation and selection; management of proceeds; and reporting.
The GHRFPs are part of a portfolio of financial enablers and solutions developed by the Coalition for the Energy Efficiency of Buildings (CEEB).
Commenting on the GHRFPs, Clare Dawson, Chief Executive of the LMA said: "There has never been a more important time for financial markets to respond to climate-related risks and support the drive to net-zero emissions targets. Decarbonising and adapting the UK's housing stock is critical to meeting these climate targets, and the LMA is delighted to have been of this vital projects in creating a framework that will help match investment goals with climate needs."
Click here to access the GHRFPs.
Click here to access the press release.