CFA UK is delighted to be a founding supporter of the UK Centre for Greening Finance and Investment (CGFI). The centre will be funded by UK Research and Innovation (UKRI) and led by the University of Oxford and will have physical hubs in Leeds and London that will support the commercialisation of products that can green global finance – such as tools that measure storm and flood risk facing properties or the pollution created by companies and the liabilities that result.
Alongside the Green Finance Education Charter, the centre’s launch is another indication of the UK’s determination to ensure that every professional financial decision takes climate change into account. The centre will deliver on commitments made in the UK Government’s 2019 Green Finance Strategy and the announcement signals the UK’s commitment to using its global finance sector to support the transition to a net zero carbon and nature positive future.
Says Graham Cook, CFA, vice-chair at CFA UK: ‘These initiatives are essential if we are going to continue the progress that we have seen in recent years in enabling finance to facilitate positive change.’
Adds Will Goodhart, CFA UK’s chief executive: ‘This is an exciting development that will help to bring the academic and commercial worlds closer together as they address the challenge of greening finance and investment. Professional bodies such as ours have close relationships with universities as well as with the investment sector and we look forward to working with the new centre in its exciting and important work.’
About CFA Society of the UK
CFA Society of the UK is part of the worldwide network of member societies of CFA Institute, the global association of investment professionals. CFA Society of the UK represents the interests of 11,000 investment professionals in the UK, through advocacy, education, events and professional development. It aims to promote the highest standards of ethics, education, and professional excellence in the UK investment profession, for the ultimate benefit of society.