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Consumer Borrowing Report Podcast

The Equiniti Podcast – Series 2, Episode 2: More Than A Green Dream

16 June 2022

Richard Carter, Executive Chair, from EQ Credit Services and Alex Mollart from Tandem sat down to discuss the growing importance that consumers are placing on the green credentials of lenders, and how both the individual borrower and the organisation can benefit in the long term.

Key topics covered in this episode include:

  • The general transition of the UK economy towards increased sustainability and green measures
  • Greater interest among consumers in green credentials and what this means for lenders
  • Practical methods to guide more borrowers towards a green deal with tangible rewards
  • The effect in the short and medium term of higher living costs

While a growing number of consumers are showing an interest in sustainability and green issues, it’s also important for lenders to educate and explain the practical and day to day benefits, to help them make an informed decision.

Financing the green transition over the next ten years is going to require significant capabilities in terms of both the products and their distribution. This will include green residential mortgages, personal loans, green car loans and home improvement.

While it is not feasible to ask most individuals to invest a large amount of money to make the transition, many small changes can be made, such as lenders providing green alternatives that provide long term benefits.

 

Listen to the full podcast below:

This episode is part of the Pinch + Purpose Series, which focuses on consumer attitudes towards unsecured credit, and strategic information for lenders to make positive change.

TALK TO OUR EXPERTS MORE ABOUT PINCH + PURPOSE

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