The Mortgage Climate Action Group (MCAG) has announced its first event, which will be open to attendees from across the sector.

The event will take place virtually on 4 August from 9.30am.

The hour-long event will outline the motivation behind the foundation of MCAG, its ethos and purpose, explore the current landscape of the sector, and look at the ways in which green issues impact both lenders and advisers.  

The agenda will include presentations from Lloyds Banking Group managing director of intermediaries Esther Diijkstra and HSBC head of intermediary mortgages Chris Pearson. 

A full programme of new initiatives and activities, including future events, will be discussed during the meeting. 

Legal & General, Sesame Bankhall Group and SimplyBiz Mortgages partnered in April to form MCAG. 

Since the launch, Home Loan Partnership, Mortgage Intelligence,  PRIMIS, Openwork and Paradigm have also joined. 

MCAG’s aim is to interpret new climate change legislation and engage with industry stakeholders to provide guidance and practical help for advisers.

The group acts as a source of support for intermediaries, helping them to understand and address green issues when dealing with mortgage applications, and ensuring that advisers’ interests are represented among lenders, regulators, trade bodies and government institutions.

SimplyBiz Mortgages head of strategic development Richard Merrett says: “The real strength of the MCAG lies in collaboration, which is why it is so important to keep the sector updated on our purpose, and our work so far.”

“One of our primary objectives is to give advisers a voice on green issues and policy, and that’s a two-way process; whilst this event won’t give delegates all the answers in terms of this significant, and evolving area, we believe it will be a good starting point for this vital, industry-wide conversation.”