The UK Centre for Greening Finance and Investment (CGFI) was established by UK Research and Innovation (UKRI) in 2021 as the national centre 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.
The UK is investing £10 million in a new national green finance research centre that will advise lenders, investors and insurers.
The research centre will enable them to make environmentally sustainable decisions, and support a greener global economy.
Access to scientifically-robust data and analytics is currently patchy and unreliable. Armed with better information, underpinned by innovative UK science, financial institutions around the world will be much better placed to make decisions that contribute to a more sustainable planet.
This will help financial institutions shift money away from risky activities that harm the environment, such as coal-fired power and deforestation, and towards activities that are less harmful, such as renewable power and sustainable agriculture.
The UK Centre for Greening Finance and Investment (CGFI) will be funded by UK Research and Innovation (UKRI) and led by the University of Oxford.