Yorkshire Building Society has signed Hometrack to provide climate change risk analysis on its mortgage portfolio.

Hometrack will also provide strategic advice in dealing with escalating government intervention in this area.

The analysis will be provided in conjunction with Hometrack environmental assessor partners Ambiental, which specialises in flood risk and Terrafirma, which focuses on ground risk modelling.

YBS director of balance sheet management Rob Purdy comments: “We are really pleased to have built on our existing relationship with Hometrack and to be able to announce this new partnership with them to receive in depth and evolving analysis of the risks that climate change will pose to YBS.

“Their expertise and support will help us prepare for future risks and mitigate current ones as well.”

And Hometrack vice president of commercial George Robbins says: “Climate change risk is a pressing issue for the mortgage industry today, but YBS has recognised early on the urgent need for visibility and control.

“With the issue developing at an unprecedented pace for the industry, we are poised to support the society as they navigate an ever-changing regulatory landscape.”

In July this year, Leeds Building Society signed a similar contract with Hometrack.