By Susanna Rust2021-02-15T15:30:00+00:00
A new centre is being launched in the UK with the aim of arming financial institutions with the data and analytics they need to contribute to the shift to environmentally sustainable economic activity. Asset owners have been keen to support the project.
Dubbed the UK Centre for Greening Finance and Investment (CGFI), the new institution will begin work in April, with physical research hubs in Leeds and London to open shortly thereafter. The centre is being financed by a £10m government investment.
According to a government announcement, CGFI has been established to accelerate the adoption and use of “world-class” climate and environmental data and analytics by financial institutions. A key focus of the work will be on enhancing the quality and availability of inputs for data providers to improve their products and services.
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