The Engage for ESG Activation Investments (ENGAGE) Consortium is pleased to announce the launch of its website, engage4esg.eurodw.eu.
The website aims to provide details of the ENGAGE project’s objectives, actions, progress, and results, and will provide a platform for the project’s stakeholders to seek information about the efforts ENGAGE is taking to support Europe’s green finance objectives.
ENGAGE Project coordinator, Marco Angheben, says, “The ENGAGE website provides a unique opportunity to create a hub for sustainable finance in Europe, bringing lenders and investors together around the solutions proposed by the project to address the current challenges.”
“Around 75% of the building stock in the European Union requires improvement to become more energy efficient as part of the renovation wave. ENGAGE aims to facilitate the accomplishment of this goal,” he says.
The ENGAGE team is currently developing standardised energy efficiency data disclosure templates for mortgage and home renovation loans in line with the most relevant European regulations. The templates will be operationalised through the Green Investment Portal, allowing lenders to check the alignment of their mortgages and home renovation loans with the Taxonomy.
The ENGAGE website will be updated regularly with new content as further project developments are made alongside the evolving sustainable finance regulatory landscape.
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Media Contact:
Carla Scarsella
Tel. +49 (0) 69 50986 9320
Email: engage4esg@eurodw.eu
About ENGAGE
ENGAGE is funded by the European Climate, Infrastructure and Environment Executive Agency (CINEA) under the LIFE programme and led by European DataWarehouse (EDW). The consortium also includes Hypoport BV, Università Ca’ Foscari Venezia, Woonnu B.V., Unión de Créditos Inmobiliarios S.A. Establecimiento Financiero de Crédito and Dexai-Etica Artificiale.
Project Background
Attracting private investments and stimulating green loan financing is crucial for the EU mission of achieving a zero-emission building stock by 2050. ENGAGE aims to provide a solution for a single data disclosure format for mortgage and home renovation loans, encompassing the most relevant European ESG regulations such as the EU Taxonomy, EU GBS and EPBD with the purpose of helping banks, regulators, and investors meet their respective needs in the context of the EU sustainable finance roadmap.
DISCLAIMER: Co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or CINEA. Neither the European Union nor the granting authority can be held responsible for them.
To achieve the proposed 55% emission reduction climate target by 2030, around EUR 275 billion of additional investments are needed per year.
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