ESG Discount
There are three categories of ESG discount: EPC, Sustainability and Social.
Borrowers may be eligible for all three in respect of each loan.
EPC
- Discount:
0.33% - Outcome:
EPC rating A, B or C at expiry of the term
- Evidence:
This will be assessed by the borrower providing the EPC certificate
Sustainability
- Discount:
0.33% - Outcome*:
Reduction of a business's environmental impact showcased by upgrades to the property or a sustainability plan - Evidence:
Works done to be independently verified by a relevant expert
Social
- Discount:
0.33% - Outcome*:
Property is let to a social enterprise or charity or for adult learning or the property is used for health and wellbeing - Evidence:
Site visit and documented evidence of legal occupation of the property
*Outcomes in these buckets are examples of what is eligible for ESG Discount.
Borrowers can present alternative outcomes provided they can be evidenced accordingly.
