The government’s plan for a new Sovereign Green Bond, announced on the 9th November, has the potential to play a key role in financing a greener economy as the UK looks to achieve net zero by 2050. While the investment management industry keenly awaits full details of the government’s plans, we are supportive of the initial proposal, and indeed have been calling for this type of gilt.
Driving change in sustainable finance is multi-layered, multi-actor and it involves multiple choices. It works best when each new initiative has a clear objective; when each actor contributes in a way that fits their particular role, strengths and responsibilities; and when we clearly communicate which specific piece of the sustainability puzzle we’re working on.
The pandemic has brought into sharp relief how our lives around the world are inextricably linked, both through the global spread of coronavirus, but also how we’ve come together within our communities to tackle and build back better from this crisis.