GIG joins Macquarie Asset Management

GPC Co-hosts with LINK Round Table

On 1 April 2022 Macquarie Group changed the business group that the Green Investment Group (GIG) operates from. GIG has moved from Macquarie Capital to operate as part of Macquarie Asset Management (MAM). GIG will retain its brand and continue its mission to accelerate the green transition, and the role of GPC and the Green Purposes are unchanged.

More information about the move, announced by Macquarie on 29th October 2021, can be found here and a letter from the Global Head of GIG confirming the ongoing arrangements in place between GIG and GPC can be found here

GPC Report included in new Green Finance Institute Hive for Mobilising Private Finance for Nature

GPC Report included in new Green Finance Institute Hive for Mobilising Private Finance for Nature

GPC's report: “A Market Review of Nature-Based Solutions: An Emerging Institutional Asset Class” is listed as a key resource in the Green Finance Institute's Hive web platform for mobilising private finance for nature. Hive’s mission is to increase private investment in nature restoration, nature-based solutions and nature-positive outcomes in and for the UK. Hive was launched today and the key resources can be found here

GPC Publish Report on Investing in Nature

GPC Publish Report on Investing in Nature

 

In partnership with Finance Earth, GPC has produced the report: “A Market Review of Nature-Based Solutions (NbS): An Emerging Institutional Asset Class”, published today. The evidence-based report shows investing in NbS is an emerging asset class. It encourages institutional investors to engage with the NbS market now, identifies the need for development of market governance, and prompts policy makers to act to unlock the potential of NbS market solutions. The full report can be downloaded here and a summary on one page is here.

 

GPC Writes to Chancellor on National Infrastructure Bank

GPC Writes to Chancellor on National Infrastructure Bank

On 9th April 2021 GPC wrote a letter to the Chancellor emphasising the need for clear accountability and independent scrutiny of the proposed National Infrastructure Bank - such as by a qualified panel reporting publicly - to ensure that its mission is delivered. The GPC's letter drew attention to the model developed by GPC in its execution of its role as special shareholder in the privatised Green Investment Bank.
 

GPC Contributes to National Infrastructure Bank Design Briefing

GPC Contributes to National Infrastructure Bank Design Briefing

On the 2nd February 2021 GPC were part of a group of UK organisations representing business, investors, trade unions, academia, and civil society led by E3G who wrote to the Chancellor of the Exchequer concerning the planned National Infrastructure Bank (NIB). The joint letter was accompanied by a design briefing paper which describes key design objectives and priorities that the NIB needs to address to meet its mandate successfully. GPC believes that the experience of the Green Investment Bank, before and after privatisation, has provided learnings that should be heeded in designing the new NIB.

GPC writes to Public Accounts Committee - Three Year Review of GIG

GPC writes to Public Accounts Committee - Three Year Review of GIG

On 10th December 2020 the Green Purposes Company (GPC) wrote to the Chair of the Public Accounts Committee (PAC) to outline its assessment of the Green Investment Group's (GIG's) activities since the sale of the Green Investment Bank in August 2017. The GPC letter can be read here, and is designed to inform the PAC in view of recommendation 5 of its report: The Sale of the Green Investment Bank - Session 2017-2019 (HC468).

The chair of the GIG has also published this letter summarising progress against the commitments made by Macquarie at the time of acquisition. BEIS's 23rd December 2020 letter to the PAC is provided here and was published on 12th January 2021.

GPC Global Green Investments Report is published

GPC Global Green Investments Report is published

The Green Purposes Company (GPC) has published a report prepared on its behalf by Eunomia Research and Consulting Limited to provide objective information on the breadth of green investments being made globally today. It can be read here. The report is a high level review of green investments worldwide, defined as green by reference to the five green purposes. There is a particular focus on investments made by institutions with similar commercial requirements to the Green Investment Bank and a spreadsheet of investments made and published by the Green Bank Network is included as an appendix.

In July and August a number of articles were published based on the report, a generic version can be read here and an example published one free to view here.

GPC First Annual Letter is published

GPC First Annual Letter is published

The Green Purposes Company (GPC) first Annual Letter was published in late December with the Annual Report and Financial Statements of the Green Investment Bank Limited. The Annual Letter was written on 23rd October 2018 and covers the period 17 August 2017 to 31st March 2018; it can be read here. The letter received commentary in the press, including the Sunday Times on 6th January and an interview was given on Radio 4's Today programme on Monday 7th January.

GPC Gives Evidence to Environmental Audit Committee's Green Finance Inquiry

GPC Gives Evidence to Environmental Audit Committee's Green Finance Inquiry

The Green Purposes Company (GPC) submitted written evidence to the Environmental Audit Committee (EAC) as part of their inquiry into Green Finance. The EAC published GPC's written evidence in early January and invited GPC to give oral evidence on Tuesday 23rd January 2018. Two Trustees attended the session on behalf of GPC. The EAC followed this with a session with the Green Investment Group.

GPC written evidence published by EAC

View PDF of written evidence here

GPC Oral evidence published by EAC

View PDF of oral evidence here

 

Sale of Green Investment Bank Completed August 2017

Sale of Green Investment Bank Completed August 2017

The Green Purposes Company (GPC) has been established to hold a ‘special share’ that safeguards the green mission of the Green Investment Bank (GIB), and its subsidiaries, now that the GIB is no longer in Government ownership. GPC press release regarding sale of GIB completed in August 2017

 View PDF Press Release