New CEO of Green Finance Institute appointed
Dr Rhian-Mari Thomas, former Global Head of Green Banking, Founder and Chair of the Green Banking Council at Barclays, has today been appointed as the first Chief Executive Officer for the Green...
The Green Finance Institute launched today at the City of London Corporation’s flagship annual Green Finance Summit.
The formation of the Green Finance Institute was announced by the Chancellor in 2018 in response to the recommendation of the Green Finance Taskforce, and will play a vital role in ensuring the UK remains a world-leading market for green finance.
Speaking at the Summit, Sir Roger Gifford, Chair, Green Finance Institute and Senior Banker, Skandinaviska Enskilda Banken (SEB), said:
Considerable investment is required to catalyse the transition of the global economy towards a more sustainable future. It is critical that financial market participants and policymakers collaborate to co-create the solutions.
London’s standing as a global financial centre coupled with the UK Government’s track record of climate leadership, uniquely positions us to build on our reputation as the global hub for green finance. The Green Finance Institute is tasked with delivering on that ambition.
The Green Finance Institute is an independent, commercially focused organisation, supported by seed funding from HM Treasury, the Department for Business, Energy and Industrial Strategy and the City of London Corporation.
As the UK’s principal forum for public and private collaboration in green finance, the Green Finance Institute’s overarching mission is to accelerate the domestic and global transition to a zero-carbon and climate-resilient economy through mobilising capital.
Dr. Rhian-Mari Thomas OBE, CEO Green Finance Institute said:
The systemic risk posed by the climate crisis to financial services requires decisive action and a rapid pivot towards the opportunities presented by the zero-carbon economy. Box-ticking, sloganeering, greenwashing and relying on the heroic efforts of individuals won’t achieve the scale of the transformation required. Cross-sector collaboration and the focused application of the creativity, innovation and skills of the financial services industry to finance the global transition will.
The Institute will focus on four specific areas:
Convening and leading mission-led coalitions to structure and scale green finance solutions
Driving the global green finance agenda through international dialogue, partnerships and trade
Sharing and showcasing developments across all aspects of UK green finance
Supporting the greening of the financial system
The first wave of mission-led coalitions the Institute is announcing today fall into two categories:
Financing Green Coalitions:
Greening Finance Coalitions:
Catrin Thomas firstname.lastname@example.org +44 (0) 7753 612 523
Notes to editors:
Rt Hon. Nicky Morgan MP, Chair of the Treasury Committee, said: “The Green Finance Institute, like the Treasury Committee’s inquiry into decarbonisation and green finance, will focus on one of the most pressing issues of our time.
“The UK has a world-leading financial services sector, which can play a pivotal role in the transition to a decarbonised economy. The City of London is already at the forefront of green finance, but there is more work to be done.
“Efforts such as those made by the GFI and the Treasury Committee will hopefully make sure that the UK gets this right.”
City Minister, John Glen, said: “The UK has a long history of leading the way in tackling climate change, but we need to do more to protect our planet for future generations.
“The City has a vital role to play in securing a greener future for us all. By investing more in sustainable projects it can not only protect our environment, but also help establish London as the pre-eminent international centre for green finance.
“Today’s Green Finance Strategy will support this ambition, with new initiatives to boost funding for green ventures and ensure the environment is at the centre of all financial decision-making.”
Energy and Clean Growth Minister, Chris Skidmore, said: “As the first major economy to legislate to reach net emissions by 2050, green finance can play a crucial role in our mission to protect the planet while growing the economy.
“Through today’s plans and by putting clean growth at the heart of our modern Industrial Strategy we’ll continue to work with our leading financial services sector to drive even more ambitious action, showing the rest of the world that responsible business can be a win-win for the economy and the environment.”
Jeremy Oppenheim, Founding Partner, SYSTEMIQ said: “The Green Finance Institute will play a very important and distinctive role connecting green finance to the real economy. Working closely with policy makers, financial institutions, corporates and academia, the GFI is in a unique position to strengthen alignment on green transition challenges. We look forward to supporting Rhian-Mari Thomas and the leadership team as they pave the way towards a more sustainable and resilient economy.”
About the Green Finance Institute
The Green Finance Institute is an independent, commercially focused organisation, supported by HM Treasury, the Department for Business, Energy and Industrial Strategy and the City of London Corporation. As the UK’s principal forum for public and private sector collaboration in green finance, it is uniquely placed to accelerate the domestic and global transition to a zero-carbon and climate-resilient economy through mobilising capital. The Green Finance Institute convenes and leads mission-led coalitions to identify and unlock barriers to deploy capital at pace and scale towards impactful, real-economy outcomes. For more information visit gfi.green and follow @gfi_green.