Unity Trust Bank has launched a £100m green tariff for loans to help organisations cut their carbon footprint.
The tariff is open to both new and existing customers and offers better lending terms for those making their buildings more energy efficient.
It also applies to organisations that have already achieved high energy efficiency standards.
The ringfenced finance will support projects like low carbon heating, better insulation, small scale renewables and measures to boost climate resilience.
Matt Conroy, head of impact propositions at Unity Trust Bank, said: “With a government target for the UK to reach net zero by 2050 and the increased costs of energy, it’s important to find solutions to support our customers to move to a low carbon economy.
“As a social impact bank, we believe that finance has an important role to play in achieving a greener future.
“This new tariff is aimed at helping customers to significantly reduce their carbon footprint, adopt more sustainable practices and protect the environment.”
Conroy added: “The terms are designed to be clear, easily understood and to provide fair value to customers through transparent pricing and tangible cost benefits.”
“Through Unity’s RTI we were able to support the delivery of energy efficiency measures within the UK’s social housing stock.
“We will now be able to do this for all our customers through retrofit and decarbonisation improvements, energy efficiencies and clean energy technology.”
He said: “We also want to support organisations that have already improved the energy performance of their buildings, and contributing to a low carbon economy.”
