The Nordic Energy Efficient Mortgage (NEEM) Hub

Helping Nordic consumers look after their economy and the environment by increasing the energy efficiency of their homes.

A part of the existing Energy Efficient Mortgages Initiative supported by Horizon 2020, the Nordic Energy Efficient Mortgage Hub aim has been to scale up lending to energy renovations in the Nordics. In the summer of 2023, we will publish a blueprint on how to accomplish this which will be implementable in other regions of Europe and, indeed, the world.


By increasing energy renovations, the NEEM Hub will help achieve the targets of the European Green Deal and contribute to addressing ambitious national climate targets.


The main goal of the NEEM Hub has been to develop our core solution: a three-step guide for banks to deliver customer-specific energy renovation recommendations to their customers.


The first step is to estimate each house’s actual energy efficiency performance based on hourly energy consumption, weather data, wind tightness and insulation. The second step is to estimate energy renovation costs and savings for different levels of energy labels for the specific house. The third step is to find the optimal energy label and give concrete recommendations for renovation to the customer.


To learn more about the NEEM core solution in detail, click here.

“I would like to express my appreciation for your Energy Efficient Mortgages Initiative. I see it of particular relevance for the analysis on how the promotion of sustainable objectives through energy efficiency actions impacts property values.”

Mairead McGuinness

European Commissioner for Financial Stability,

Financial Services and the Capital Markets Union

The NEEM Hub Consortium

The Nordic Energy Efficient Mortgages (NEEM) Hub is comprised of experts from the financial sector, behavioural scientists, mortgage specialists and authorities on digital technologies from across the Nordics, all guided by Copenhagen Economics.