It focuses on greening the bank's daily operations through initiatives such as Green Information Technology, Green Banking Products and Services, Green Human Resource Management, Green Marketing,
Green Mortgage and Green Buildings.
Fannie Mae's Pagitsas was also recognized by CBI as the "Green Bond Champion 2018" for her role in bringing structural diversity and innovation to the market through Fannie Mae's multifamily
green mortgage finance program.
Commercial banks have launched innovative credit products like '
green mortgage,' which rewards environmentally conscious new home loan-takers with concessional financing terms.
The bank's several sustainability-focused initiatives include the ECO-Schools Programme in partnership with Unesco, annual Al Dana Green Run, eco-friendly banking products and services such as
Green Mortgage, knowledge-sharing roadshows, and an array of Corporate Social Responsibility (CSR) endeavours.
In addition to huge savings on utility costs, the
Green Mortgage programme offers an interest rate of up to 3.99% and repayment option of up to 20 years.
This enabled Fannie Mae to provide larger loan sizes to finance efficiency improvements and develop its
green mortgage products.
Once delivered to Fannie Mae, all
Green Mortgage loans are marketed as "Green MBS" (mortgage-backed securities), which means access to a broader bond investor market interested in environmentally-focused investments.
KARACHI -- Bank Alfalah recently launched Alfalah
Green Mortgage in collaboration with its panel of solar energy experts, Grace Solar Pakistan, EBR Energy Pakistan (Pvt.) Limited and JKS (Pvt.) Ltd.
Department of Housing and Urban Development's
Green Mortgage Appraisal Roundtable.
An Entwistle
Green mortgage consultant is available to provide information about the Help to Buy scheme as well as assist buyers in finding the right mortgage for them.
Darlington Building Society is offering a new
green mortgage to "pro-actively encourage" home-owners that want to make their properties energy efficient.
