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Tag: Green Hypothek

  • AKB Green Mortgage finances climate buildings

    AKB Green Mortgage finances climate buildings

    The Aargauische Kantonalbank ( AKB ) is expanding its mortgage product to include all environmentally friendly properties. According to the press release , since May 2nd it has been financing not only owner-occupied residential properties but also all thermally regulated investment properties as well as business and commercial properties with the certified AKB Green Mortgage. From the perspective of the cantonal bank, this is particularly interesting for small and medium-sized enterprises (SMEs). “With the product expansion to business and commercial properties, we now also offer a sustainable, attractive financing solution for SMEs,” Patrick Küng, Head of Corporate Customers & Institutional Banking at AKB, is quoted as saying.

    With the AKB Green Mortgage, AKB promotes environmentally friendly construction activity and in this way supports the reduction of greenhouse gas emissions from buildings, according to the cantonal bank. With terms of two to ten years, the AKB Green mortgage offers a significant interest rate advantage over the standard interest rates of conventional fixed-rate mortgages. AKB is expected to launch another Green Bond to finance the AKB Green Mortgage over the course of the year.

    The report on the effect of the Green Bond states that in 2020 and 2021 a reduction of around 490 tons of CO2 was achieved with the sustainable mortgage offer for owner-occupied residential property. That corresponds to the annual CO2 emissions of around 393 new, commercially available passenger cars.

  • AKB is launching another sustainable bond

    AKB is launching another sustainable bond

    The Aargauische Kantonalbank has issued a green bond for the second time. According to a press release , it has a volume of CHF 100 million. AKB’s first green bond was issued in June 2020. Since then, according to a statement from the Kantonalbank, the AKB Green mortgage amounting to 110.4 million francs has been used to build or renovate homes according to climate-friendly criteria. 119.2 million francs have been pledged for further projects.

    The Aargauische Kantonalbank takes stock of the CO2 savings achieved every year through the sustainable construction activities it finances. In cooperation with the real estate consultancy IAZI , it publishes so-called impact reporting every year. According to the press release, the projections have shown that after just six months in 2020, the total annual savings in CO2 emissions will be around 232 tonnes. The 232 tonnes of CO2 savings in the projections of the IAZI test report correspond to the annual emissions of around 190 new, commercially available passenger cars, according to the report. The next impact reporting will be created on December 31, 2021.

    Green mortgages are financed from the green bond for ecological construction or renovation. In addition to new buildings, according to the AKB, individual energy measures or comprehensive overall renovations to increase energy efficiency or the use of renewable energies are also supported. The bank cites the installation of photovoltaic systems or panels for the preparation of hot water as examples.

  • AKB Green Hypothek saves tons of CO2

    AKB Green Hypothek saves tons of CO2

    The Aargauische Kantonalbank has set itself the goal of becoming the most sustainable bank in the canton of Aargau for its strategy period from 2021 to 2024. To this end, the Green Mortgage and the Green Bond were launched in 2020. Now the AKB has had the effect of the green financing offers on the energy consumption and CO2 emissions of buildings examined.

    In the Impact Reporting of the Information and Training Center for Real Estate AG (IAZI), according to the AKB media release, the total annual savings in CO2 emissions are around 232 tonnes. According to the IAZI test report, the calculation is based on a list of 93 homes that were financed with the help of the AKB Green Mortgage in the year under review or granted as earmarked loans for sustainable renovation measures. The IAZI report was audited by EY's auditors.

    The 232 tonnes of CO2 savings in the projections of the IAZI test report correspond to the annual emissions of around 190 new, commercially available passenger cars, according to the report. Or they correspond to the average annual Swiss consumption of 16 individuals.

    The promotion of environmentally friendly construction leads to emission reductions in buildings, is stated in the AKB communication. With the Green Mortgage, AKB offers environmentally conscious property owners the opportunity to build or renovate their own home according to climate-friendly criteria. The financing takes place through a green bond that the AKB has issued.

    The Kantonalbank points out that, in addition to new buildings and individual measures to save energy, the Green Mortgage also covers comprehensive renovations to increase energy efficiency or the use of renewable energies.