Our own Garry Larner has been featured on Mortgage Introducer where he speaks on how mortgage lenders could reduce their carbon footprint.
When you examine the main contributors to what causes a high carbon footprint, it is easy to see why the one created by many mortgage providers is substantial.
Many providers are still largely reliant on a largely antiquated process. These legacy systems often include filling in multiple paper forms, travelling to attend meetings and engaging in long telephone conversations or video conferences. These methods all involve the use of substantial fossil fuel resources, such as electricity powering the offices, and oil powering the engines that convey people to meetings.
This is very much at odds with the current overall business commitment to improving ESG standards and an over-arching promise of looking after the planet. Additionally, other vital components of the mortgage supply chain, including the essential brokers, are now actively looking at their own ESG activity and are increasingly likely to favour lenders who are prioritising the reduction of their own carbon footprint.
Continue reading over at Mortgage Insider