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Green Investment GroupUnited Kingdom

Active

This profile is actively maintained
Last update: 2024-09-20 00:00:00
The GIB Offshore Wind Fund is the first in the world to solely invest in offshore wind power generation. Photo: UK GIB

Active

This profile is actively maintained
Last update: 2024-09-20 00:00:00
About
Website https://www.greeninvestmentgroup.com/en.html
Headquarters
Atria One Level 7 144 Morrison street
EH3 8EX Edinburgh
United Kingdom
CEO/chair Mark Dooley
Global Head
Supervisor
Bank of England
Ownership

The UK Green Investment Group is wholly owned by Australian banking group Macquarie.

UK Green Investment Bank (UK GIB) was created in 2012 by the UK government to attract private funds for the financing of the private sector's investments related to environmental preservation and improvement. It is structured as a public limited company and is owned by the Department for Business, Energy and Industrial Strategy (BEIS). Its headquarters are in Edinburgh, and it has a secondary office in London. The bank funds green projects across the United Kingdom and mobilises other private sector capital into the UK’s green economy.

In March 2016 the UK Government launched a process to move the Green Investment Bank into the private sector, causing controversy. In August 2017, the GBP 2.3 billion sale of the Green Investment Bank to Australia's Macquarie was finalised. The bank's name changed to the Green Investment Group. UK GIB became an Equator Principles signatory in December 2013.

Sustainability
Commitments
Policies
Voluntary standards

Green Investment Group's most important sustainability commitments can be found at the website sections listed below.

Links

Green investment policy and principles

2023-12-31 00:00:00

Green investment policy

Bank policy
2023-12-31 00:00:00 | Green Investment Group
2023-12-31 00:00:00

Green investment principles

Bank policy
2023-12-31 00:00:00 | Green Investment Group
2023-12-31 00:00:00

Green Impact Reporting Criteria

Bank policy
2023-12-31 00:00:00 | Green Investment Group
2021-10-12 00:00:00

Green Investment Handbook

Bank policy
2021-10-12 00:00:00 | Green Investment Group
Green Investment Group has committed itself to the following voluntary standards:
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Government formally hands over reins of Green Investment Bank to Macquarie

2017-08-18 | BusinessGreen
BankTrack news BankTrack blog Partner news Partner blog

Fresh controversy over Green Investment Bank sale

2017-01-14 | London | The Telegraph UK
BankTrack news BankTrack blog Partner news Partner blog

Green Investment Bank sale should raise red flags for Theresa May

2017-01-09 | London | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Macquarie in talks to secure Green Investment Bank

2016-10-08 | London | The Financial Times
Resources
Documents
2024-06-03 00:00:00

Annual report 2023

Annual report
2024-06-03 00:00:00 | Green Investment Group
2023-12-31 00:00:00

Green investment policy

Bank policy
2023-12-31 00:00:00 | Green Investment Group
2023-12-31 00:00:00

Green investment principles

Bank policy
2023-12-31 00:00:00 | Green Investment Group
2023-12-31 00:00:00

Green Impact Reporting Criteria

Bank policy
2023-12-31 00:00:00 | Green Investment Group
2023-06-13 00:00:00

Annual report 2022

Annual report
2023-06-13 00:00:00 | Green Investment Group
2022-06-14 00:00:00

Annual report 2021

Annual report
2022-06-14 00:00:00 | Green Investment Group
2021-11-04 00:00:00

Annual report 2020-2021

Annual report
2021-11-04 00:00:00 | Green Investment Group
2021-10-12 00:00:00

Green Investment Handbook

Bank policy
2021-10-12 00:00:00 | Green Investment Group
2020-11-05 00:00:00

Annual report 2019-2020

Annual report
2020-11-05 00:00:00 | Green Investment Group
2018-11-20 00:00:00

Annual report 2017-2018

Annual report
2018-11-20 00:00:00 | Green Investment Group
2018-11-20 00:00:00

Guide to the Green Investment Handbook

Other bank document
2018-11-20 00:00:00 | Green Investment Group
2017-10-09 00:00:00

Annual report 2016–2017

Annual report
2017-10-09 00:00:00 | UK Green Investment Bank Limited
2016-07-13 00:00:00

Annual report 2015-2016

Annual report
2016-07-13 00:00:00 | UK Green Investment Bank
Accountability
Grievances

Green Investment Group does not operate a complaints or grievances channel for individuals or communities that might have been affected by its finance.

Green Investment Group is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates Green Investment Group's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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