How We're Improving Our Green Credentials

Posted by MT Finance on 21st March 2023 -

Here at MT Finance we have always focussed on transparency, fairness, and maintained a strong ethical approach for our borrowers, brokers and funders. As well as how we run our business, this also relates to our environmental commitments. A consideration that we take extremely seriously, we have been working alongside Broadgate and waste management services provider Bywaters to implement meaningful change in our business. Here are just some of the ways we are all doing this.

Increasing recycling, reducing waste

Forget reusing the odd piece of paper, our recycling policy is much more than that. Thanks to the support from Bywaters and Broadgate, we recycle everything from toners and cartridges to batteries, paper, glass, plastics, wood and coffee pods. Electrical goods and IT equipment which are still viable are donated to disadvantaged local communities.

In the spirit of trying to ensure as little as possible goes to waste, even our Christmas tree was recycled earlier this year. Having been turned into wood chippings, it was then reused on the flowerbeds in neighbouring Exchange Square. In 2022 alone, 12 tonnes of waste was reused across Broadgate.

Creating clean air

Inline with the government’s Clean Air Strategy 2019, which aims to “progressively cut public exposure to particulate matter pollution (PM2.5) as suggested by the [WHO]”, Broadgate Estates has already implemented policies that are actively working to reduce air pollutants by 50% by 2025. One of these is to reduce the amount of cars, vans and lorries coming onto the estate. By setting up an off-site hub, this will act as a central point for all deliveries which will then be delivered to the respective offices twice a day via electric vehicle.

Broadgate has also signed up to the City of London Air Quality Pledge which, among other things, aims to reduce gas consumption and raise the area’s profile of air quality.

Assessing our products

Back in June 2021 we introduced a scheme which awards borrowers £250 credit if they achieve an energy performance rating of A or B at any time during the term of their loan. This was designed to encourage borrowers to make their properties as energy efficient as possible and to undertake tasks such as improving insulation or upgrading windows and heat sources. This has the added benefit of reducing running costs, making properties more affordable for tenants and owner-occupiers.

While all of these initiatives are steps in the right direction, we are also acutely aware that there is still more to do. This is why we have three members of staff who are constantly assessing our environmental, social and governance (ESG) policy and are working tirelessly to ensure we keep moving forwards.

If you would like to find out more about this, we would love to hear from you. We can be contacted online, via email or on 0203 051 2331.