Cotality UK has agreed a deal with Paragon Bank for its Net Zero Hub platform, which helps manage climate resilience and carbon emissions across mortgage portfolios.
Paragon Bank will be the first to use the platform.
Net Zero Hub uses property energy data to give Paragon Bank a clear view of the physical and transition risks in its mortgage book.
It also supports reporting on financed emissions and will assist the bank’s strategy on customer retention and its climate plans.
Mark Blackwell, chief operating officer at Cotality UK, said: “This partnership marks a significant milestone for Cotality UK.
“We are proud to support Paragon Bank in its continued commitment to innovation, compliance, and digital excellence.
“Our Net Zero Hub addresses the complex demands lenders face in decarbonising mortgage books; in particular the Buy-to-Let market, and we look forward to delivering real value and measurable results.”
Louisa Sedgwick, managing director – mortgages at Paragon Bank, said: “We are excited to partner with Cotality UK and be the first to adopt their innovative Net Zero Hub platform.
“This collaboration underscores our commitment to sustainability and innovation, equipping us with the tools to better understand and address climate risk while enhancing the energy efficiency of our mortgage portfolio.
“Together, we are setting a new standard for climate-conscious lending in the Buy-to-Let market.”
