Large asset managers have urged the UK to start issuing green Gilts to support the country’s environmental initiatives and broaden the range of assets they can buy. Although the government's Green Task Force recommended the idea last year, there has been little progress since and the country’s Debt Management Office has shown little enthusiasm for the product, writes Burhan Khadbai.
In a letter sent to Robert Stheeman, chief executive of the UK DMO, on Wednesday, Simon Bond, director, responsible investment portfolio management at Columbia Threadneedle Investments, wrote that "now is the opportune time to consider the issuance of green Gilts”, following the passing of a motion in the
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