London: The alliance that launched the Green Infrastructure Investment Coalition at COP21 are inviting institutional investors & development banks to join the coalition in 2016 to promote the large scale financing of green infrastructure
What’s the GIIC coalition for?
The aim of the Green Infrastructure Investment Coalition (GIIC) is to support the financing of a rapid transition to a low-carbon and climate resilient economy as envisaged by the Paris Agreement and associated INDCs submitted by 186 countries.
The Coalition will bring together key actors in the financial system via investor-government global and regional dialogues to promote green infrastructure investment opportunities.
The GIIC agenda will include examining barriers to capital flows, identifying forward infrastructure pipelines and facilitating greater capital market participation in green infrastructure development and financing.
What’s involved with membership?
Member organisations will contribute to policy development, facilitation and support of coalition events and activities designed to advance GIIC goals.
Who’s behind it?
Foundation members are the Climate Bonds Initiative, the Principles for Responsible Investment, UNEP Inquiry and the International Cooperative and Mutual Insurance Federation (ICMIF).
Who’s already joined?
A mix of other organisations have already committed to the coalition including:
- Alliance Bernstein (AB)
- Ceres (USA)
- Deutsche Bank
- European Investment Bank
- Federation of Indian Chambers of Commerce and Industry (FICCI)
- IDBI Bank (Indian development bank)
- India Export-Import Bank
- National Institute of Public Finance & Policy India
- Legal & General Investment Management
- PAX World Management and French asset manager Mirova
- Regions20 Coalition
- Institutional Investor Group on Climate Change (Europe)
- Investor Group on Climate Change (Australasia)
How do I find out more?
The Green Infrastructure Investment Coalition (GIIC)
Background to Foundation Members
About Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy. For more information please visit www.climatebonds.net
About PRI: The PRI is the leading international responsible investment organisation. It is an investor led initiative comprising 1400 signatories with US$60 trillion of assets under management. More information here.
UNEP Inquiry: The UNEP Inquiry works to advance policy options to build a sustainable financial system and released its global report, The Financial System We Need, in October 2015. Find out more here.
About ICMIF: The International Cooperative and Mutual Insurance Federation (ICMIF) represents insurers in 70 countries, with, collectively, US$9 trillion under management. More here.