GIP Steering Committee Meets to Mull Long-term Strategy
The Green Investment Principles (GIP) for the Belt and Road held its first Steering Committee Meeting via video conference on Monday 6 April, 2020.
The GIP Secretariat updated the SteerCo members with the latest progress of implementing the principles and the working groups since the First Plenary Meeting in August last year. The SteerCo also discussed GIP’s mid-to-long term strategies, including measures to develop a robust governance structure and professional Secretariat, and a vision for the next 3 years.
Co-chaired by Dr. Ma Jun, Chairman of the China Green Finance Committee, and Sir Roger Gifford, Chairman of the Green Finance Institute at the City of London Corporation, this meeting convened senior representatives from the UK Treasury and the People’s Bank of China, and GIP’s founding members, including Principles for Responsible Investment, World Economic Forum, Belt & Road Bankers Roundtable, and the Paulson Institute. GIP working group leaders were also invited to observe this meeting.
The Steering Committee endorsed the progress report prepared by the GIP Secretariat and made recommendations on further implementation of the principles through the working groups, including enhanced environmental information disclosure by GIP signatories. SteerCo members also asked the GIP Secretariat to track and visualize green financial flows into the Belt and Road region in its first annual report, engage with other international initiatives for alignment and synergies, and work with recipient countries in the region for their support.
The Steering Committee also asked the GIP Secretariat to plan events during the COP26, which will be held in the UK in 2021.
The GIP was established in 2018 with a set of voluntary principles to promote green finance and green investments along the Belt and Road, and has received official sign-ups from 37 global institutions, mostly large financial institutions, and official support from 11 organizations by end of March 2020.
----
For more information, please contact the GIP Secretariat Office at sec-gip@gipbr.net