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Green Investment GroupUnited Kingdom
Active
This profile is actively maintained
Last update: 2022-10-28 14:18:58
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: 2022-10-28 14:18:58
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 | |
| 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 March 2016.
Sustainability
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Voluntary standards
Green Investment Group's web page on corporate social responsibility can be accessed here.
Green Investment Group has committed itself to the following voluntary standards:
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Green Investment Group does not operate a complaints or grievances channel for individuals or communities that might have been affected by its finance.
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".
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Response
Action
Monitoring
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