Back

London Stock Exchange welcomes the UK Debt Management Office and HM Treasury to celebrate the first anniversary of the UK’s first green gilt issuance, and to mark the publication of the UK Green Financing Allocation Report

Posted: 10 October 2022

London Stock Exchange welcomes the UK Debt Management Office and HM Treasury on the occasion of  the first anniversary of the UK’s first green gilt issuance, and to mark the publication of the UK Green Financing Allocation Report September 22.

Last year, the government launched the UK’s Green Financing Programme, under which the UK issues sovereign green bonds (or ‘green gilts’) and retail Green Savings Bonds, to help finance government expenditures that tackle climate change, biodiversity loss and enable the transition to net zero. The Programme has now raised over £20.0 billion through the issuance of green gilts and retail Green Savings Bonds provided by National Savings & Investments.

The UK Green Financing Allocation Report, published on 26 September 2022, is the first since the Programme’s launch last year. It details how £16.4 billion raised in the first financial year of the Programme has been allocated to 27 projects, showing how private capital is helping to finance ambitious government initiatives to address climate change and environmental challenges.

Andrew Griffith, Financial Secretary to the Treasury said:

“There is a clear environmental case for sustainable investment, but also a clear economic imperative to take action.

A year on from the first issuance I am delighted to see that we have raised over £20 billion from the sale of green gilts – funding investment in sustainable finance projects across the UK such as offshore wind

This funding will see local communities benefit from the so called jobs of tomorrow, today – delivering more investment, more opportunity and more well-paying jobs”