Should you invest in these green finance companies now?
The UK aims to become a global leader in sustainability finance and to achieve this, Boris Johnson’s government must actively increase its engagement with the financial services industry. But the UK may not be able to meet its climate change targets, and so Chancellor Rishi Sunak is being urged to come up with a new generation of green bonds offering UK investors better returns.
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UK ministers would have more incentive to meet carbon reduction targets through these sustainability bonds, which in turn would push the UK to become a hub for green finance, according to the Social Market Foundation ( SMF). According to reports, the think tank’s research director believes that the UK’s net zero targets could be achieved by focusing on the financial services sector, and the number of workers in the financial services sector will continue to rise. gradually increase over the years.
The green economy does not only cover renewable energy and clean technologies, but also other sustainable activities in all sectors. Environmentally conscious investors are exploring the various green economy investment options by opting for LSE-listed stocks with a green economy mark. At least half of the revenues generated by companies and funds labeled green economy come from green products or services.
With a market capitalization of over £148bn, more than 100 companies and funds trade on the LSE with a green economy mark.
Let’s look at 3 UK financial companies with LSE’s green economy brand that investors can watch.
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Foresight Solar Fund Limited (LON: FSFL)
Shares of Foresight Solar Fund Limited rose 3.52% at the market open around 8:00 a.m. (GMT+1) on May 3, 2022, at 117.80 GBX. The company offered its shareholders a return of 22.73% over the last year to May 3, 2022, while its return since the beginning of the year stands at 17.16%. The current market capitalization of the company stands at £649.13 million.
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Bluefield Solar Income Fund Ltd. (LON: OSFI)
Shares of Bluefield Solar Income Fund Ltd rose 0.75% as the market opened around 08:00 (GMT+1) on May 3, 2022, at GBX 134.00. The company offered its shareholders a return of 9.49% over the last year to May 3, 2022, while its return since the beginning of the year stands at 8.36%. The current market capitalization of the company stands at £659.77 million.
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Downing Renewables & Infrastructure Trust PLC (LON: DORE)
Shares of Downing Renewables & Infrastructure Trust PLC were trading at 110.75 GBX when the market opened at approximately 08:00 (GMT+1) on May 3, 2022. The company offered its shareholders a return of 16.33% during of the last year from May 3, 2022, while its return since the beginning of the year amounts to 6.73%. The company’s current market capitalization stands at £151.74 million.