Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Bridges Ventures gets cheaper capital for energy-efficient real estate

Climate Finance

It’s getting a little easier being green.

Lloyds Bank’s Green Lending Initiative offers real estate owners lower-cost capital to make energy-efficiency upgrades.

Bridges Ventures secured the first such discount for an existing loan. Lloyds is cutting Bridges’ interest rate by 0.2 percent in exchange for Bridges’ commitment to energy upgrades across its Flexspace chain of flexible office space.

The lower rate applies to two loans totaling £61 million ($76 million).

As part of the arrangement, Bridges will procure 30 percent renewable energy for the portfolio by the end of the year, increasing to 45 percent renewable next year. Bridges will also install energy-efficient lighting and share the portfolio’s energy performance data with Lloyds.

Real estate is responsible for more than one-third of total carbon emissions in both the U.K. and the U.S.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: Glassdoor

You might also like...