Coventry Building Society increases insight on climate change risk by expanding partnership with Hometrack

Coventry Building Society increases insight on climate change risk

In Bank and Building Society News, News by Stephanie Brain

Coventry Building Society increases
insight on climate change risk with
Hometrack partnership enhancement

Building on its existing relationship with Hometrack, Coventry Building Society has expanded its agreement to include Hometrack’s Climate Change Risk analysis, provided in partnership with Ambiental and Terrafirma.

Coventry Building Society which dates back to 1884, is the second-largest building society in the UK, with over £51 billion1 in assets.

The latest mortgage lender to sign up for Hometrack's award-winning climate change solution, powered in partnership with climate data from Ambiental and Terrafirma. The data will help the building society understand the potential impact of climate change on both its existing portfolio and new lending.

Best use of technology - credit risk award for Hometrack and HSBC

Neil Wilson, Head of Retail Credit Risk at Coventry Building Society, said: "Coventry Building Society has an ambitious agenda to contribute to a cleaner and more carbon-neutral world. We're taking lots of steps to increase the support we provide for borrowers to understand the environmental impact of their property. This partnership with Hometrack will enable us to better understand the potential climate risks that we and our members may face."

The news has been widely reported in the mortgage sector media. As an example, read the Coventry Building Society press release here

1 Annual Report & Accounts 2020 (coventrybuildingsociety.co.uk)

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