Monday 19 October 2020

Just Group becomes first UK insurance company to issue green bond

Just Group becomes first UK insurance company to issue green bond

Just Group has become the first insurance company in the UK to issue a green bond.

It has raised £250 million to facilitate investment in green assets, including green buildings, renewable energy and clean transportation projects.

Just Group says it has “significant investment exposure” to green and sustainable investments, with £360 million invested in offshore wind and solar farms and more than £250 million in social housing and local authority loans.

It also launched the 'Green Lifetime Mortgage' in July, offering discounted rates to reward customers with the most energy efficient homes.

David Richardson, Just Group CEO said: “Just has always been a market disruptor with a strong social purpose and so we are delighted to launch this green bond – the first of its kind in the UK insurance sector. ESG factors have long been a prime consideration in our investment decisions and are reflected in our significant financing of renewable energy such as the Walney and Hornsea wind projects and other positive social impact investments.

“The launch of the UK's first-ever Green Lifetime Mortgage also reflected our innovative approach to adapting products and services to support our customers who are looking for ways to make positive changes to their environmental footprint.

“The financial services sector bears a weighty responsibility in leading the country towards a more sustainable way of life and the green bond enshrines our commitment to supporting the transition to a low carbon global economy.”

Written by

Bruna Pinhoni

Trending Articles