Scotiabank Launches Green Mortgages for Sustainable Housing

Scotiabank introduced its latest service "Hipoteca Green" (Green Mortgage) on Dec. 6 to help individuals reduce their homes’ carbon footprint. The bank aims to place MX$5 billion (US$289 million) in sustainable mortgages in 2024.

Scotiabank is collaborating with other companies to allow customers to gradually transition their homes into sustainable residences, offering opportunities to purchase, renovate, or convert homes into eco-friendly spaces.

Scotiabank also pledges to provide recognized certifications like EDGE and LEED to ensure the quality and sustainability of residential improvements. Its primary goal is to cultivate awareness among customers regarding the importance of sustainability. Through this strategy, Scotiabank highlights the potential savings that eco-technologies in their homes can bring to consumers. These systems not only reduce electricity consumption but also lead to significant long-term financial advantages for homeowners. 

Scotiabank is also highlighting the positive impact customers can make on the environment by reducing their homes' carbon footprint. This initiative aims to intertwine sustainability with personal finances, empowering customers to enhance their homes while contributing to a more sustainable future.

Sustainability and environmental responsibility have gained prominence on the global financial agenda. Scotiabank's Green Mortgage aims to empower customers to acquire green homes or renovate theirs by integrating eco-technologies, effectively minimizing their carbon footprint. Scotiabank offers complete financing for eco-technological equipment, promoting reduced energy consumption and considerable savings for homeowners.

Scotiabank Strengthens Financial Offer

In addition to Hipoteca Green, the bank plans to expand its services to include products promoting the responsible use of natural resources, which includes systems like water capture and gas usage reduction.

Moreover, Scotiabank is also promoting a broad range of financial products including CrediAuto, which provides flexibility and security. CrediAuto also ensures convenience and accessibility by offering various payment methods, from cash to electronic transfers, catering to diverse customer preferences.

CrediAuto is a tailored credit option for acquiring new or slightly used vehicles up to four years old. Specifically designed to finance vehicles for personal use with a load capacity of up to 3.5 t, it can be accessed by those working in the formal economy who can verify their income. This financing solution makes car ownership more accessible for those seeking reliable transportation for their daily needs.