NEEM Publications

The European Union (EU) has set ambitious climate and energy saving targets. To achieve these, the scale of investments needed is estimated at more than €260 billion p.a. until 2030, three quarters of which is accounted for by energy efficiency in buildings. Against a background of very low annual rates of renovation of the building stock across Member States, the EU Green Deal highlights the need to boost renovation to meet the EU’s energy efficiency and climate objectives.


On this foundation, the Nordic Energy Efficient Mortgage (NEEM) Hub, aiming to scale up green lending in the Nordics has been commissioned by Horizon 2020. As part of the project, the European Mortgage Federation (EMF), has developed a report with the aim of providing the necessary compliance and alignment guidance to lending institutions on the regulations imposed to enhance the green agenda.  


Specifically, we conclude:

  • No part of a banks’ activities will remain untouched by the various initiatives and actions.
  • The most significant impact on banks’ activities will be driven by the material effects of the Sustainable Finance policy and the actions intended to support the EU Green Deal on banks’ supervisory-related commitments under the 3 pillars of the supervisory framework.
  • Banks must already now take the necessary measures to understand the implications of the regulatory and supervisory landscape related to sustainable finance and the EU Green Deal as well as taking the necessary steps to achieve alignment and compliance.


Here, the Energy Efficient Mortgages Initiative (EEMI) on an EU-wide level and NEEM in the case of the Nordic countries offer a fast track to meeting the requirements of the policy and supervisory agenda from the perspective of energy efficient mortgages.



    Luca Bertalot, Secretary-General at EMF-ECBC (European Mortgage Federation - European Covered Bond Council)

    Jennifer Johnson, Deputy Secretary-General at EMF-ECBC


      Relevant links

      Energy Efficient Mortgages Initiative (EEMI)

      European Mortgage Federation