Investor Presentaiton
CAJA RURAL
DE NAVARRA
SUSTAINABILITY BOND FRAMEWORK
EeMAP initiative
This document should not be distributed in the United States or to U.S. persons
as defined in Regulation S of the U.S. Securities Act of 1933, as amended
The EEMI (Energy Efficient Mortgage Initiative) aims to create a standardised “energy efficient mortgage”, according
to which building owners are incentivised to improve the energy efficiency of their buildings or acquire an already
energy efficient property by way of preferential financing conditions linked to the mortgage.
•
Energy
Efficient
Mortgages
Initiative
This project has received funding from the
European Union's Horizon 2020
research and innovation programme
under grant agreement No 746205
The EeMI is designed on the premise that the banking industry has the potential to play a game changing role in
supporting the EU in meeting its EU energy savings targets.
•
•
Assumptions:
•
Energy efficiency improvement of a property has a positive impact on property value, reducing a bank's
asset risk.
Energy efficient borrowers have a lower probability of default as a result of more disposable income in
the household due to lower energy bills, reducing a bank's credit risk.
Caja Rural de Navarra works together with other European financial institutions in the Banking and Finance Committee
in the cross-sectorial consultation.
Principles, valuation guidelines and building performance assessment guidelines have been drafted and are under
consultation.
•
On December 2018 the EEMI launched a high-level, principles-based definition of the Energy Efficiency Mortgage (EEM).
Source: Energy efficient mortgages initiative (EEMI).
2020 Credit and Sustainability Framework CRN
37View entire presentation