Announcements prior to September 2017, including this announcement, occurred under previous ownership.
1. The green purposes of the UK Green Investment Bank, as set out in its Articles of Association are:
The Objects also require the Board of GIB to be satisfied that its investments, taken together, will or are likely to make a positive contribution to a reduction in greenhouse gas emissions.
2. Enterprise Bill 2015-16
The latest position on the Bill can be found here.
3. About the UK Green Investment Bank
UK Green Investment Bank plc (GIB) was launched in November 2012. With £3.8 billion of funding from the UK Government, it is the first bank of its kind in the world. It is a “for profit” bank, whose mission is to accelerate the UK’s transition to a greener economy, and to create an enduring institution, operating independently of Government.
GIB is wholly owned by HM Government. The Company is not authorised or regulated by the Financial Conduct Authority or the Prudential Regulation Authority. A wholly owned subsidiary UK Green Investment Bank Financial Services Limited, is authorised and regulated by the Financial Conduct Authority.