The „Energy Efficient Mortgage Label“ (EEML), a new quality label that banks can obtain for their mortgages granted to finance energy efficient properties, will soon be introduced to the banking market. The label, which was primarily initiated by the European Mortgage Federation/ European Covered Bond Council (EMF-ECBC), will be officially launched at a virtual event on 12 February. The EEML is intended as a private-sector quality label for consumers, lenders and investors to identify energy efficient mortgages in the portfolios of credit institutions. It is also intended to support „green“ projects at EU level (e.g. EU Green Deal). Banks can apply for the EEML for their loan programmes that meet the requirements for energy efficient mortgages defined by the Energy Efficient Mortgage Initiative (see chart) as part of a self-certification process. Upon receiving the label, banks must report at least quarterly on key features of their EEM portfolio using a…
