UKSIF has welcomed the government’s announcement today that it has decided on the location of the Green Investment Bank.

Business Secretary Vince Cable has announced that the Green Investment Bank will be headquartered in Edinburgh with the main transaction team based in London.

Read the full press release.

Penny Shepherd MBE, Chief Executive of UKSIF, the sustainable investment and finance association, has commented on her appointment to the UK government’s Advisory Group for the Green Investment Bank.

The Advisory Group members were announced today by Business Secretary Vince Cable.

Penny Shepherd MBE, UKSIF Chief Executive, said:

“The Green Investment Bank is an outstanding example of government leadership in building a resilient low carbon economy for the UK. I look forward to using my understanding of the needs of long-term responsible investors to support the Bank’s development.”

Read the full press release.

Read the BIS press release.

In Parliament today, UKSIF, the sustainable investment and finance association will call on Government, pension funds and the wider financial industry to make finance sector expertise in sustainability a strategic asset for the UK.

The trade body will say that the new Kay Review into UK equity markets, ordered by Business Secretary Vince Cable last month, alongside the upcoming replacement of the FSA, marks a unique ‘crossroads’ for UK financial markets. UKSIF will call on policy-makers and financial institutions to more explicitly embrace environmental, social and corporate governance (ESG) factors if the UK is to retain its position as a leading financial centre.

The call will be made at an event in Parliament to celebrate UKSIF’s 20 years as the voice and support network for progressive investment and financial services.

The report “Taking Responsibility: Achieving Resilience” will be launched, calling for the UK to show global leadership in sustainable investment and finance in the next 20 years.

Read the full press release.

Read the report ‘Taking Responsibility: Achieving Resilience’.