AKB Green Hypothek saves tons of CO2
The Green Mortgage offered by Aargauische Kantonalbank (AKB) since 2020 has already led to savings of around 232 tonnes of CO2 emissions in the first year. This emerges from a test report that has now been published.
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.