The UK Centre for Greening Finance and Investment (CGFI) is a national centre established to accelerate the adoption and use of climate and environmental data and analytics by financial institutions internationally. It will unlock opportunities for the UK to lead in greening finance and financing green.
Financial institiutions able to access and use climate and environmental data and analytics for:
The ultimate vision of CGFI is for financial institutions being able to access and use consistent, timely, and appropriate climate and environmental data and analytics for any point on planet earth historically, in the present, and projected into the future, for every major sector, and for the complete spectrum of material climate and environmental factors.
INITIAL INVESTMENT FROM
UKRI FOR THE NUCLEUS OF A
NEW NATIONAL CENTRE
In February 2020 a call for proposals (‘Climate and Environmental Risk for Resilient Finance’) was launched by the Natural Environment Research Council (NERC) and Innovate UK, both part of UK Research and Innovation (UKRI), for a new £10 million research and innovation centre to support the integration of the financial risks of climate and environmental change into mainstream financial decision-making. This was one of the key recommendations made by the UK Green Finance Taskforce in 2018 and contained in the UK Green Finance Strategy in 2019.
A consortium led by the University of Oxford Smith School of Enterprise and the Environment was selected to establish the CGFI in December 2020 with this announced in early 2021. CGFI will begin its work at the start of April 2021 ahead of COP26.
To achieve this exciting vision, the CGFI consortium brings together a world-leading, multidisciplinary team. The senior leadership team are all globally recognised experts in their respective fields with a track record of delivering high-impact research, tools, analytics, and information relevant to a range of financial institution needs.
Over the coming months, the CGFI consortium will be engaging closely with partners and other stakeholders to develop its strategy for 2021 – 2024 and kick-starting initial activities. This includes initiating five flagship projects in collaboration with partners, establishing innovation hubs in London and Leeds, and developing our open data platform.
For more information and to engage with the Centre, contact us at the address below.
SMITH SCHOOL OF ENTERPRISE AND THE ENVIRONMENT
University of Oxford, South Parks Road, Oxford, OX1 3QY, United Kingdom