Santander has appointed environment analytics firm Groundsure to evaluate its commercial transactions for future and ongoing environmental and climate change risks.
It is the third of the top five commercial lenders to partner with Groundsure, with the other two being Barclays and Natwest and RBS Group.
Working in conjunction with Santander, Groundsure created a Siteguard Climate Report, which includes a four-tier risk assessment summary with judgments on environmental liability, loan security risks and potential property value impacts.
It includes bespoke recommendation from Groundsure and was created with the banks “specific requirements with its valuation network”.
Dan Montagnani, chief executive of Groundsure, said: “We are delighted to be working with Santander to support their due diligence on their commercial property transactions.
“Siteguard Climate is an attractive proposition for banks to manage their current and forward exposure to environmental risks, especially in the context of greater compliance and due diligence requirements.”
He said: “With the Bank of England having set out its expectations on banks embedding their approaches to climate related financial risk, we are helping Santander to meet their compliance obligations and to ensure they are well positioned to manage this at scale for their commercial portfolio.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
