GFI Hive launches G-FIN

Written by Adam Cadle

17/07/2023

The Green Finance Institute’s Nature Programme (GFI Hive) has launched the UK Financial Institutions for Nature Group (G-FIN).

With representation from across the financial sector, the group will support the delivery of investment into UK nature recovery.

The group includes names such as Abrdn, Aviva, Barclays, Green Angel Ventures, Impax Asset Management, Lloyds Banking Group, NatWest Group, Rathbone Greenbank Investments, Schroders and Triodos Bank.

The outcomes-focused group, which is open to any financial institution engaged in UK nature finance, will identify barriers to Government ambitions on increasing private sector finance and also provide feedback and input where relevant on key government initiatives including: the development of a national database to track progress towards HMT’s target of £1bn p.a. of private sector nature investment by 2030; the development of high-integrity domestic nature markets; the Land, Nature, and Adapted Systems Advisory Group’s recommendations in the development of the UK’s green taxonomy; and UK uptake of the TNFD framework.

The establishment of this group follows on the success of the Green Finance Institute’s Coalition for the Energy Efficiency of Buildings and the Coalition for the Decarbonisation of Road Transport, which were established to identify and unlock barriers to sectoral decarbonisation.

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