Not long after being elected to Parliament in 2019, Gareth Davies successfully lobbied for the UK to issue green bonds and establish a development bank - policies he had felt were missing in his former role as Head of Responsible Investment at Columbia Threadneedle.
“It always puzzled me in my old job - we would invest in KfW and lots of other development banks around the world, but Britain has never had one,” he tells RI. In a bid to change this, Davies teamed up with a UK-based think tank called Onward to produce a report outlining how the government could create a UK development bank.
The UK National Infrastructure Bank, which will focus on climate change and local economic growth, launched in June. Davies’ push for green gilts has also paid off, with a debut deal later this year.
Now Davies, who spent 14 years at Columbia Threadneedle, is turning his attention to social issues, releasing a report today on how to catalyse social impa…