- The awards: the Largest Green Sovereign Bond and Sovereign
Green Market Pioneer, were given in recognition of our innovative
and world-leading approach to financing green projects.
- The Climate Bonds Initiative, which hosted the Climate Bonds
Awards, is an organisation dedicated to mobilising global finance
to tackle climate change.
The UK collected the Largest Green Sovereign Bond and the
Sovereign Green Market Pioneer award for its work on green
finance in 2021. The first honour celebrates the UK’s inaugural
green gilt issuance in September 2021, issued by the UK Debt
Management Office, which raised £10 billion to fund projects such
as offshore wind – and was the largest inaugural green bond
issuance ever undertaken by a sovereign.
The judges also recognised the UK’s innovative approach to green
finance, including through establishing the world-first Green
Savings Bonds, which allow savers to deposit money with the
government, with the government then allocating the same amount
for investment in green projects such as offshore wind.
Economic Secretary to the Treasury, said:
I am delighted that the UK’s innovative approach to tackling
climate change has been recognised at the Climate Bond Awards.
The UK’s green bond is a key pillar of our green finance agenda
and will help reinforce the UK’s position as a leader in
sustainable finance, and our continued commitment to make the UK
the world’s first net zero aligned financial centre and net zero
economy by 2050.
The UK became the first major economy to require fully mandatory
reporting on climate-related risks and opportunities across the
economy, in line with the Taskforce on Climate-Related Financial
Disclosures (TCFD). The UK is also developing the gold standard
for private sector transition plans through the Transition Plan
Taskforce.
Further information
-
The Climate Bonds Awards celebrates best practices &
innovation in green finance with achievements by
organisations, financial institutions & governments
worldwide. At the 7th Climate Bonds Awards, the achievements
of 2021 are celebrated
-
The UK’s green bond raises money to be spent on green
projects, defined by the UK’s Green Financing Framework. This
includes investment in offshore wind, zero-emission buses,
and schemes to decarbonise homes and buildings
-
The UK is building on its leading TCFD work through the
publication of “Greening Finance: A Roadmap
to Sustainable Investing
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Press notice: UK’s first Green Gilt
raises £10 billion for green projects
-
Green Financing
Framework
