Together with the Green Finance Institute and the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science (LSE), we published a proposal for a Green+ Gilt that emphasises the strategic potential for a green sovereign bond to scale up the UK’s drive to a net-zero carbon economy with well-defined social and economic benefits.
The proposal, presented to the UK government, has the support of more than 40 asset owners and investors, representing organisations with assets and assets under management of more than £10 trillion, and influential professional bodies.
The UK’s plans to issue a series of green sovereign bonds, announced in November 2020, has the potential to deliver a resilient, net-zero economy that will bring a range of positive social benefits in terms of jobs, skills and regional revitalisation.
It will reinforce the UK’s position as a global leader in sustainable finance ahead of its hosting of COP-26 and the G7 summit and will underpin economic recovery as the country moves through the current pandemic.
We are currently working on a international proposal for a Green+ Gilt.
The investors, asset owners and organisations who are publicly supporting our proposal are:
Affirmative Investment Management
Allianz Global Investors
AXA Investment Managers
Association for Financial Markets in Europe
Association of British Insurers
Barclays
BlackRock
Brunel Pension Partnership Ltd
Carbon Trust
Coal Pension Trustees
Confederation of British Industry (CBI)
City of London Corporation
Credit Suisse
Columbia Threadneedle Investments
NEST
NN Investment Partners
Institutional Investors Group on Climate Change (IIGCC)
International Chamber of Commerce (ICC), UK
Impax Asset Management
Legal & General
Legal & General Investment Management
London Stock Exchange Group
NatWest
Ninety One
Pension Protection Fund
Principles for Responsible Investment (PRI)
QBE Insurance
Schroders
ShareAction
TheCityUK
UK Sustainable Investment and Finance Association (UKSIF)