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Financial Services > Mortgages > Green Mortgages > Green Mortgages: Co-operative Bank

Green Mortgages: Co-operative Bank

The Co-Operative Bank has long been associated with Climate Care, donating hundreds of thousands of pounds every year to Climate Care projects around the world. The donations are made on behalf of mortgage customers, and aim to make significant reductions in the amount of carbon dioxide produced, and offset customer emissions.

The Co-Operative Bank clearly recognises the threat of climate change, and that homes produce a considerable percentage of UK CO2 emissions. According to the Co-Op, they have offset 117,000 tonnes of CO2 since 2000. 1000s of trees have been replanted in the Kibale National Park in Uganda, creating closed canopies and gradually becoming a home for endangered species.

The Co-Op also provides a free Home Energy Report with their green mortgage loans valuations.

This lets you know how energy efficient your house is, and the ways in which you can improve it. A spokeswoman for the Co-Op Bank, Catherine Turner, reportedly commented: "We believe the way forward would be to develop a consistent definition of a green mortgages, with criteria for lenders to comply to, which are set by respected sources."

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