The UK banking and lending infrastructure is not yet compatible with meeting the country's net-zero targets. Far more innovation will be needed to enable the route to net-zero.
The good news is that appetite for green financial assets is growing exponentially - reaching $541Bn in 2021, up 10,000% in just a decade. But demand remains unmet because there are not sufficient quality assets being produced.
At the heart of the real economy - for the likes of individuals and SMEs, there aren't the products to remove financial barriers and encourage the right forms of investment, and the large lenders are not built to innovate.
We are building a business designed to minimise financial barriers to green investment in the real economy.
We will only lend to carbon reducing projects, and will measure the carbon impact of each loan in our loan book, making us highly attractive to investors wanting green assets.
We will be better at green lending because that is all we will do. We will use our clean slate to innovate in ways unavailable to the rest of the market.
18 years in financial services.
Started mortgage lenders and bought two banks.
Ex-Head of M&A Direct Line Group.
14 years in carbon reduction.
Ex-COO and CEO of the Green Party.
Created and ran two accountancy practices.
If you're interested in joining our team, start by applying here and attaching your resume.