Rishi Sunak ramps up plans for UK's first green gilt and retail green savings bond

At least two green gilts to be issued in 2021

clock • 2 min read

HM Treasury has confirmed proceeds from green bonds will go towards renewable energy, climate adaptation, energy efficiency, nature restoration and zero emission transport projects.

The Chancellor is expected to unveil critical details about the UK's inaugural sovereign green bond and retail green savings bond in a major speech in the City of London later today. Everything's gone green: Rising popularity of green bonds reflects confidence in sustainable products In an address to young leaders and CEOs at Mansion House, Rishi Sunak will provide details about how the state-backed financial instruments will work as he outlines the government's broader vision for the future of the UK's financial sector, the government confirmed late yesterday. In the statement...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

Neil Brown (pictured), is co-portfolio manager of the PGIM Jennison Carbon Solutions Equity fund
ESG

PGIM: Why today's narrow approach to decarbonisation is flawed

Dive deeper into solutions

Neil Brown
clock 05 January 2024 • 5 min read
The industry group praised the transparency introduced by SFDR, but said the de facto labelling regime had 'stretched it beyond its original intentions and not always been helpful'.
ESG

EFAMA calls for major reforms to SFDR labelling regime

SFDR has 'not always been helpful'

Elliot Gulliver-Needham
clock 22 December 2023 • 2 min read
The board of AERI noted this morning’s statement and confirmed the 'unsolicited proposals'.
ESG

Octopus Renewables trust makes bid for Aquila European Renewables

Multiple attempts over 2023

James Baxter-Derrington
clock 22 December 2023 • 2 min read
Trustpilot