Kensington wants to support its customers to meet the challenge of decarbonisation and therefore is committed to lending sustainably.
Kensington will develop new green products to incentivise borrowers to buy energy-efficient properties or renovate existing buildings to improve their environmental performance. Under Kensington’s Green Bond Framework, the minimum standard required for a property to be designated as an Eligible Green Project is a ‘B’ EPC rating, which represents an emissions intensity in the top 15% of residential buildings in England and Wales.
In May 2021, Kensington launched its next green mortgage product to continue supporting its green initiative.