The Voice of Commercial Real Estate Finance

Green lending

Green Lending Working Group

In late 2019 we formed a working group comprising only representatives from lending institutions to consider how we might usefully support the sustainability agenda from the CRE lending perspective.

In May 2021, the group's first output was published - a climate-related due diligence guide for CRE lenders to support their conversations with borrowers about asset-level climate resilience and climate impact, as well as sponsor management and governance of environmental and sustainability matters generally and in relation to the relevant collateral. Please feel free to download and use the guide, which is a PDF form that allows scores and notes to be entered, and give us your feedback.

In this initial phase of its existence, the working group was co-chaired by Kate Drew at LGIM and Vincent Nobel at Federated Hermes. The group is likely to be reconstituted as it considers what its next area of focus should be.

The group has a collaborative relationship with the LMA and Better Buildings Partnership, whose Sustainability for Lenders working group was an excellent group and resource in previous years. CREFC Europe also participates in the Green Property Alliance and other ESG related conversations with various industry bodies.

Contact Peter Cosmetatos for further information.