New UK Financial Institutions for Nature Group created to support investment in nature recovery
The Green Finance Institute’s Nature Programme (GFI Hive) has launched the UK Financial Institutions for Nature Group (G-FIN) to support the delivery of investment into UK nature recovery.
The outcomes-focused Group – which is open to any financial institution engaged in UK nature finance – will identify barriers to UK Government ambitions on increasing private sector finance and also provide feedback and input where relevant on key government initiatives including:
- the development of a national database to track progress towards HMT’s target of £1 billion p.a. of private sector nature investment by 2030;
- the development of high-integrity domestic nature markets;
- the Land, Nature, and Adapted Systems Advisory Group’s recommendations in the development of the UK’s green taxonomy;
- UK uptake of the TNFD
Initial members of the GFI Hive UK Financial Institutions for Nature Group include:
- Abrdn
- Aviva
- Barclays
- British Business Bank
- Climate Asset Management (CAM)
- Finance Earth
- Green Angel Ventures
- Federated Hermes
- Impax Asset Management
- Lloyds Banking Group
- NatWest Group
- Oakham Wealth Management
- Oxbury Bank
- Posaidon Capital
- Rathbone Greenbank Investments
- Schroders
- Scottish National Investment Bank
- Triodos Bank
- UBS Optimus Foundation
- UK Infrastructure Bank
Dr. Rhian-Mari Thomas OBE, chief executive officer of the Green Finance Institute, said:
“Private sector investment is urgently needed if we hope to reach the UK’s nature goals this decade. The market infrastructure is being put in place to enable the flow of private sector capital into nature recovery and nature-based solutions, but there is still much to be done. The support of the UK financial sector will be critical, in addition to the support of the broader UK private sector, and the GFI is delighted by the enthusiasm and leadership of those joining this new Group.”
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