CrowdProperty considers rewards for sustainable borrowers
CrowdProperty is looking at how it can revise its lending facilities to reduce the platform’s environmental impact.
Mike Bristow (pictured), chief executive of the peer-to-peer property lender, said there is a growing awareness of environmental, social and governance (ESG) issues in real estate but more can be done.
He said the platform is considering how it could use its products to reward developers who adopt sustainable measures.
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“More broadly, we continue to actively encourage and invite proposals for projects that incorporate sustainable techniques,” he said in a LinkedIn post.
“Indeed, we do recognise that some sustainable practices and modern methods of construction, particularly modular builds, can present issues around how finance can be structured but we are happy to engage with and assist developers where we can.”
In terms of its own business, Bristow said CrowdProperty has started to adopt flexible working to help drive down the number of journeys made to the office in addition to making an electric vehicle scheme available to all staff.
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Bristow said face-to-face site meetings are still important but staff are also trying to be more efficient about how trips to meet developers are taken.
“Similarly, we do not prescribe the number of visits instructed third parties are to make to site either which also helps reduce our total related carbon footprint,” he said.
“Even placing recycling stores in the office provides a simple but effective way to combat climate change.”