As customers become increasingly sensitive to the needs of the planet, banks now require a more comprehensive approach to sustainability. In addition to operating branches more efficiently, here’s how banks can use EDGE to their advantage:
- By certifying offices as well as branch locations to the EDGE standard, banks can demonstrate that their buildings are symbolic of a corporate commitment to sustainability.
- Construction finance can be diverted towards green buildings. Before it was difficult to know whether developers had taken steps to ensure better building performance. But now banks can reduce risk by requiring that projects become EDGE certified as a condition of financing.
- By offering green mortgages, banks increase the purchasing power of qualified buyers by folding in the costs of the home’s improvements. They are a win-win, as buyers pay for features that lower utility bills, while banks book larger loans. Some banks are providing relaxed terms to green developers in response to lower project risk.