Energy data is ‘must-have’ for managing credit risk – Elderson
ECB board member calls for real data from energy efficiency certificates instead of proxies
Energy performance data from commercial and residential buildings is a “must-have” for managing credit risk in the real estate sector, said Frank Elderson, an executive board member at the European Central Bank (ECB), on September 23.
Elderson, who also chairs the Network for Greening the Financial System, said at a conference in Frankfurt that energy performance data was crucial for valuing collateral and determining a borrower’s ability to repay loans.
“To manage your risks, you need to know
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