MISMO Creates Community of Practice to Explore Market Need, Potential Standards for ESG Initiatives
MISMO®, the real estate finance industry standards organization, created a new Community of Practice focused on exploring potential standards for Environmental, Social & Governance initiatives to meet the needs of market participants.
Interested professionals are invited to the kickoff meeting of the MISMO ESG Community of Practice 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 of 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.”