Our Green Impact

Five key green purposes enshrine the way GIB sets its investment strategy

Our Approach

 

GIB's mission is to mobilise investment in the UK's green economy.  Our investment strategy is designed to maximise our green impact.

That investment strategy is underpinned by robust principles and policies designed to ensure that each investment's green impact is assessed, monitored and reported to the highest standard.

As the world's first dedicated Green Investment Bank we are committed to ensuring that our approach is at the forefront of market practice. We want to help catalyse a sector wide improvement in these areas. However, this is a relatively new area of banking. As such, we have adopted an approach based on 'learning through doing' and underpinned by a commitment to continuous improvement.

What we mean by green impact

Our definition of 'green impact' relates to five specific measures. We call them our 'Green Purposes':

1. The reduction of greenhouse gas emissions;
2. The advancement of efficiency in the use of natural resources;
3. The protection or enhancement of the natural environment;
4. The protection or enhancement of biodiversity; and
5. The promotion of environmental sustainability.

Every investment we make must contribute to at least one of these measures, and often contribute to more than one.

How we assess, monitor and report green impact

Every investment considered by GIB must pass through a robust green impact assessment process before it can be approved.

Every approved investment is subject to robust, detailed and continuous green impact monitoring, spanning all aspects of its green performance.

Every GIB investment is subject to detailed green impact reporting, individually and collectively, in our Annual Report.

The detail of these processes is set out in our policies approved by the GIB Board: Our Green Investment Principles, Green Investment Policy and Green Impact Reporting Criteria.

The GIB Board has also approved policies on managing our own direct impact on the environment and our wider commitment to responsible investment: Corporate Environment Policy and Responsible Investment Policy.

Our commitment to continuous improvement

Green impact assessment, monitoring and reporting is a relatively young discipline within banking. We are committed to ensuring our approach is at the forefront of market practice. That means the adoption of existing relevant international good practice and active engagement on our own approach with a wide range of stakeholders. 

We have begun the process to adopt the Equator Principles, a framework for identifying and managing the impacts on the environment within the project finance industry. Similarly we are committed to signing the United Nations Principles for Responsible Investment, which provide a framework for embedding environmental, social and governance concerns into investment decision making.

We are also keen to share our thinking and receive feedback on our policies. You can provide feedback by emailing Sustainable.Finance@greeninvestmentbank.com.

We will also conduct six monthly stakeholder presentations by webinar, in January and July, where we will report back on our experiences and progress and invite feedback from our stakeholders.