Coutts among first to buy UK government’s new green gilt
New bonds will support green energy technology and help cut carbon emissions
3 min read
02 Dec 2021During the pandemic, UK charities have struggled to balance a massive shortfall in funding with an unprecedented increase in demand. How severe was the impact on the sector and how can we best support it? Victoria Papworth, Philanthropy Specialist at the Coutts Institute, shares her insights.4 min
28 Oct 2021What’s the reality of building a culture that champions equality and inclusion for our colleagues and clients? We explain how we’re moving forward on our journey to greater diversity.3 min
As a B Corp committed to responsible investing, we’re proud to be one of the first investment houses to buy into the UK government’s green gilts issuance.
These gilts will support sustainability projects under the government’s ten-point plan.
Buying them means we will be investing in projects such as zero-emission buses, energy-efficient housing schemes, offshore wind projects and initiatives that improve climate adaptation, such as flood defences and biodiversity improvements.
This purchase will give clients a low-risk sovereign bond that complements their diversified portfolios.
Green bonds have already been issued by France, Spain, Italy, Belgium and Germany, but this is the first time that the UK Government has issued a green gilt.
A significant step toward net-zero
Green gilts will support the development and roll-out of new green energy technology and carbon capture (taking carbon out of the atmosphere), providing essential state investment in an important and growing sector. This marks a significant step on the journey to achieving net-zero carbon emissions by 2050 for the UK.
Leslie Gent, Head of Responsible Investing at Coutts said:
“These gilts are the first of their kind in the UK and they will no doubt evolve over time to support ever more efficient energy production and a better, greener Britain. Coutts is delighted to have secured this allocation for our clients.”
When investing, the value of your investments, and the income you receive from them, can go down as well as up and you may not get back as much as you invested.