Decision details

To approve the framework for launching a new green investment opportunity in the borough

RESOLVED:

1.  That the launch of a Community Municipal Investment (CMI) opportunity in the borough, which will support the delivery of projects within the council’s climate action plan be approved.

2.  That the scale of ambition of the CMI programme, with a target to raise up to £6m of funding by 2030, which would be the largest CMI to date offered by a council in the UK be noted.

3.  That the adoption of the Southwark Green Finance Framework (SGFF) for CMIs, which sets out how the key principles of the scheme will operate and the types of projects that will be funded be approved.

4.  That the signing of the Green Finance Institute (GFI) Local Climate Bond Pledge be approved.