MISMO, the real estate finance industry’s standards organization, has created a new Community of Practice (CoP) focused on exploring potential standards for Environmental, Social & Governance (ESG) initiatives in order to meet the needs of market participants.
Interested professionals are invited to the kickoff meeting of the MISMO ESG CoP in August with a follow up discussion at the MISMO Fall Summit. The initial discussion will explore the impact of ESG within the residential and commercial mortgage industry and the potential role of industrywide MISMO standards.
“MISMO is ready to collaborate and engage with lenders, servicers, issuers, mortgage insurers, vendors, investors, government agencies and regulators, government sponsored enterprises, and all other market participants to facilitate the development and adoption of standards to support the exchange of ESG information, including, but not limited to, data, terms, and definitions,” said Seth Appleton, President, MISMO. “We invite all interested organizations to participate in this new CoP and provide input on how standards can help the industry successfully navigate and innovate in the evolving ESG landscape.”
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