Daily Archives: July 13, 2019

Luxury Vehicles To Get Vegan Interiors

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When it came to car interiors, Leather seat covers and carbon fiber panels were considered the height of opulence. An expansive dashboard, and a steering wheel sporting that unmistakable black cross-hatch were often the sign that the car’s owner was someone who had money to burn.

But  as the automotive industry is embracing green technology like hybrids, the time of vegan interior materials might be on the horizon.

Land Rover Creative Director Massimo Frascella explains that, half a decade ago, a leather couch was the zenith of luxury, now seen in the best hotels and homes. It’s similar, he says, for cars; going forward, sustainable design is allowing for change and development for vehicles.

Frascella arrived in Manhattan for the New York International Auto Show, which began April 19, where he revealed Land Rover’s successor to Leather seat covers, their latest development; leather-free and fully vegan materials, which they developed in order to outfit the 2020 Range Rover Evoque, Range Rover Velar, and Jaguar I-Pace SUVs.

He explains that there’s an increasing concern amidst consumers regarding the provenance of textiles, and other materials in their vehicle. These new interiors are aimed to cater to the consumers who have their highest levels of luxury align with their eco beliefs.

The company’s key products includes Eucalyptus Melange, a textile produced from eucalyptus fibers that utilize significantly less water than most materials, and can be dyed to any specification. There’s also a durable wool blend made by Kvadrat, that feels like actual soft wool. Dinamica Suedecloth is a flameproof and extremely durable microfiber made from plastic bottles, 53 per vehicle, feeling and behaving similarly to suede. Combined, these materials provide a vegan option for the conscientious consumer.

Other carmakers are also introducing eco-conscious options to their car interiors, like Toyota Motor Corp., who makes seat cushion material with glycol taken from renewable sugar cane, rather than sourcing them from petroleum.

Audi AG’s VP for Product Management Filip Brabec says that this part of a global trend that’s growing, as consumers begin to understand more and more about how humanity as a whole inhabit the environment, as well as how and what we eat and consume.

CBA Considering Rewarding Loaners With Energy-Efficient Houses

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The Commonwealth Bank of Australia’s green initiative has been going full steam, and, as part of the financier’s endeavours, they are working on launching a reward scheme for homeowners that meet, or, ideally, surpasses the requirements of a basix certificate in Sydney or anywhere else in Australia in creating energy-efficient properties.

CBA CEO Matt Comyn first hinted at the programme, dubbed the Green Mortgage Initiative, when he appeared at the Trans-Tasman Business Circle lunch, which was held recently. The initiative looks to offer cash back, up to $500 for loaners who manage to get certified solar panels installed for their homes.

CBA Executive General Manager for Home Buying, Daniel Huggins, explained why the bank was working on the idea, and the reasoning behind it, saying that the reward scheme is just one of many of the bank’s efforts to go for more than just simple basix certificate in Sydney or anywhere in the country, and make greener choices.

In a statement on the matter, Huggins says that the CBA is always looking for innovative ways to support their customers, and the initiative is being launched as part of that vision. He notes that the CBA is aware that many of their home loan clients can reduce their energy volume and use, as well as pay less or even become net positive for energy simply by getting more energy efficient devices, and this programme is meant to incentivize them to do just that.

The bank hasn’t released any detail on the Green Mortgage initiative, but they did imply that the programme will be implemented soon, within the next couple of months or so.

Notably, the CBA isn’t the only Aussie home-loan provider with green initiatives aimed at encouraging customers to cut down on their carbon footprint, as Yahoo! Finance notes that Bendigo Bank, Hunter United, and Regional Australia Bank also offer interest rate discounts to borrowers who have houses that meet set sustainability criteria.

The AU property market is taking matters like climate change seriously. A report from the Climate Council shed some light as to why, noting that the Aussie property market risks losing $571bn in value over the next 10 years thanks to the effects of climate change, and other extreme weather phenomena.