Atom Bank is set to evaluate the climate risks associated with its mortgage portfolio through advanced profiling technology provided by Kamma.
The bank has committed to achieving carbon positivity by the year 2035. This collaboration with Kamma will involve a comprehensive analysis of its mortgage offerings, leading to the creation of new propositions aimed at both benchmarking and mitigating emissions.
Kamma’s suite of tools leverages modeling, address matching, and analytics to deliver insights into the climate profiles of properties across the UK.
Edward Twiddy, the Director of ESG at Atom Bank, emphasized the importance of this initiative by stating, “Historically, many banks have engaged in lending practices that overlooked their environmental impact. It is crucial that we shift this paradigm. As a digital bank, we are dedicated to utilizing cutting-edge technology to accurately assess emissions and potential risks. Our goal is to assist our customers in lowering their expenses, enhancing their property values, and preparing for a zero-carbon future.”