UK CENTRE FOR GREENING
FINANCE & INVESTMENT

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.

ULTIMATE VISION

Financial institiutions able to access and use climate and environmental data and analytics for:

  • Any point on earth
  • Past, present, and future
  • Every major sector
  • Material climate and environmental factors

SUCCESS WILL MEAN

  • Enhanced solvency of financial institutions
  • Reallocation of capital towards green
  • Resilient global financial system
  • Realise the opportunity for UK plc

AIMS AND OBJECTIVES

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.

  • Deliver quality-assured, relevant, well-described, scientifically robust, and openly accessible climate and environmental data and analytics to all financial institutions, suitable for a wide range of use cases.
  • Implement an open, interoperable data, and information e-infrastructure that will provide an easy-to-use platform for practitioners to access, build-off and integrate the climate and environmental data and analytics, from CGFI and others, and combine with their proprietary data and analytics.
  • Co-develop flagship use cases with financial institutions that demonstrate the benefits of integrating climate and environmental analytics and produce open risk frameworks, indicators, and analytics, underpinned by the best available science and robust translational research.
  • Create a focal point for UK and international outreach and for stakeholders to engage and access CGFI services, training, data, and capabilities.
  • Mainstreaming ‘spatial finance’ – the integration of geospatial data and analysis into financial theory and practice – will be one of the key priorities for CGFI. Space is now the finance frontier.

£10M

INITIAL INVESTMENT FROM
UKRI FOR THE NUCLEUS OF A
NEW NATIONAL CENTRE

CREATING 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.

THE TEAM

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.

CORE TEAM

CROSS-CUTTING PARTNERS

professional bodies

innovation hubs

HOW TO ENGAGE

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.

CONTACT US

For more information and to engage with the Centre, contact us at the address below.

Dr Ben Caldecott
Director, UK Centre for Greening Finance and Investment

Director, Oxford Sustainable Finance Programme & Lombard Odier
Associate Professor of Sustainable Finance, University of Oxford
Dr Nicola Ranger
Deputy Director, UK Centre for Greening Finance and Investment

Head of Climate and Environmental Risk Research, Oxford Sustainable Finance Programme, University of Oxford

SMITH SCHOOL OF ENTERPRISE AND THE ENVIRONMENT

University of Oxford, South Parks Road, Oxford, OX1 3QY, United Kingdom