Skipton, the UK's fourth-largest building society, with over one million members, signs up to use Ambiental Risk Analytics FloodScore Climate data.
The move supports Skipton’s ongoing work to deliver climate change regulatory requirements from the Bank of England and the data is delivered in partnership with Rightmove, the UK’s biggest property website.
Aidan Walker, Credit Risk Manager at Skipton Building Society said:
“We’ve made big strides over the last few years in our sustainability and ESG activities, particularly in how we prepare for and respond to climate change.
The severity and significance of climate change rightly demands our attention, and so analysis of our mortgage portfolio is invaluable to help understand and manage the physical and transitional risks it presents.”
Rob Carling, Channel Sales Manager at Ambiental adds:
“Skipton Building Society joins a growing number of mortgage lenders using FloodScore Climate data for regulatory compliance. Flooding is an increasingly real risk in the UK posing a significant threat to infrastructure, people, and investments. By 2050 another one million properties in the UK will likely be at risk of flooding, so the UK will increasingly feel the effects of climate change in the next few decades ”.
The news has been widely reported in the mortgage sector media. As an example, read Skipton Building Society's press release here on The Intermediary's website.
For more information, contact:
Rob Carling on firstname.lastname@example.org
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