Stuart Tait

How can sustainable financing act as a key driver of UK economic growth? I’ve penned my thoughts on the valuable role Green, Social and Sustainability (GSS) bonds can play in supporting UK economic growth:   https://lnkd.in/ei-kgrGa   #Sustainabilty #SustainableFinancing

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Exciting insights from the Bank of England! This article underscores the importance of FMIs adopting a high level of discipline to navigate disruptions effectively, considering their pivotal role as the backbone of the financial industry. I see this expectations as a significant stride toward enhancing operational resilience across the entire ecosystem beyond the banks themselves. #OperationalResilience #FinancialIndustry #FMIs #thoughtleadership #operationalriskmanagement

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UKSIF congratulates Sir Keir Starmer and the Labour Party on their electoral success and looks forward to working with the new government who must act quickly to remove the barriers to private #investment in our #sustainable future, which is vital for the creation of a cleaner and greener economy. We’re pleased with the impact our contribution has had on the election debate, particularly through our #FinancingTheFuture reports. There is widespread recognition of the large volumes of capital in the private sector ready to invest in the UK if we can eliminate the barriers to investment, such as planning rules and grid connections, project pipelines, building long term investor confidence, and having a government that works in partnership and active cooperation with companies and investors. The prize is huge. By making the UK more attractive to private capital, we can secure billions in green investment across the UK, deliver a sustainable future, grow the economy, and create new jobs.

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🎇 Very excited to welcome a cohort of selected #SeriesA stage clients and friends to an evening discussing “To Series A & Beyond!” at HSBC Innovation Banking HQ towards the end of June. 🤩 We have a superstar panel made up of Christian Owens (Founder, Paddle), Evgenia Plotnikova (General Partner, Dawn Capital), Luke Pappas (Partner, NEA) and our very own Juliet Rogan (MD, Investor Coverage) who have collectively scaled, invested and advised others within the ecosystem. 🧬 The discussion will explore life post #SeriesA from the perspectives of #founders and #investors, with ample time allocated to Q&A and networking. - What have other founders done that has driven their success? - How can you optimise international expansion? - What to consider when capital planning - equity vs debt? - What are the things you need to do to keep scaling? 👀 Are you a Series A stage HSBC Innovation Banking client? Keep an eye out for your invitation which will be landing soon. 📩 Are you a UK HQ'd Series A company that has recently raised over £4m and wants to attend? Get in touch! (subject to capacity)… Glen Waters Jamie Whitcroft Connor Brooks Davide Bommarito, Ph.D. Divya Khurana Dominic Honmong Lauren Mathurin Ryan Clements Kofi Siaw Oliver V.

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How can businesses navigate energy price volatility while making progress on decarbonisation? Join National Grid's Chief Strategy and Regulation Officer @Ben Wilson, PwC UK's Head of Industries @Quentin Cole and Power and Utilities Leader @Vicky Parker as they explore how focusing on supply and demand can make energy more affordable, reliable, clean and accessible: https://pwc.to/3UtyPjN #EnergySurvey #IndustryinFocus

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Pensions for Purpose is currently looking for asset managers to undertake research using the OMINDEX survey in partnership with The Maturity Institute. We recognise that finding aligned asset managers on the integration of purpose and stakeholder value is a crucial piece of the puzzle in ensuring their impact on people and planet is integrated. This is about integrity - the ability to say that your words match your actions and that you’re not afraid to ask difficult questions of yourselves. The Maturity Institute's Total Stakeholder Value (TSV) model is a leadership and management tool that links data: Human Value, Business Value and Impact. We are all on a journey and this is an opportunity for us all to learn and grow. If you are one of our asset manager members or an asset manager just interested in going through this process, please contact me directly - Charlotte.oleary@pensionsforpurpose.com. While asset managers may have their own surveys and monitoring tools, nothing beats an independent review. If you are a trustee or investment consultant, please encourage your asset managers to consider this. #totalstakeholdervalue #impact #purpose #integrity

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🆕 Find out more about the 𝗖𝗔𝗖𝗘𝗜𝗦 𝗚𝗿𝗼𝘂𝗽’𝘀 𝗻𝗲𝘄 𝗖𝗦𝗥 𝗱𝗶𝘃𝗶𝘀𝗶𝗼𝗻 including the strategy and commitments 👉 https://ow.ly/Z2ce30sClp5 #AssetServing #AssetManagement #ESG #CSR

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Discover the unique challenge in supporting transiently vulnerable clients in financial planning, explored by Michelle Andrews. As the FCA reviews treatment of vulnerable customers, planners face new scrutiny. Learn more: https://lnkd.in/e7WT8JUv

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Good piece in the FT today about the importance of the new government implementing a comprehensive #industrialstrategy to boost private investment across the UK economy and in particular across a range of low carbon sectors and infrastructure projects. As will be explained in our soon to be published Aviva Investors Low Carbon Roadmap, an effective industrial strategy is partly about directing limited public investments towards market barriers, and partly about introducing clear public policy measures on the supply and demand side to grow the supply of - and demand for - low carbon goods and services. A clear public investment strategy and a comprehensive public policy framework are both essential to crowd in private investment at the pace and scale required to build a competitive low carbon economy in the UK. Read more here: https://lnkd.in/e5wxrHYi #netzero #climate

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We are delighted to complete our latest new funding deal at Bromford, a £200m sustainability linked term loan with NatWest. The NatWest team (Paul Eyre, Dominic Brindley, Dean Holleyman, Emma Maule, Caleb F.) have been one of our key strategic funding partners for several years. The speed and focus with which we have closed this deal is a testimony to our relationship and underlines the ongoing importance of bank lending in our sector. We had considered a return to the capital markets this year, but we continue to refresh and optimise our new funding strategy in view of prevailing market conditions. This deal enables us to benefit from the prevailing arbitrage between the SONIA swap and gilt curve to generate significant interest savings over the life of the loan. Ultimately, this means we can invest even more in our communities and customers. Our shared vision with NatWest regarding sustainable finance created the first green loan in the sector in 2019 which focused on improving the energy efficiency of our homes and has helped to enable our decarbonisation journey with 89% of our homes now at EPC C or above. This new deal captures our sustainability ambitions for a new era, as we continue to expand our new homes programme with a focus on social rented homes, and as we extend the focus of our carbon journey beyond EPC ratings to focus on our Scope 1, 2 and 3 carbon emissions. Importantly, the loan has the potential to generate over £1 million of interest savings if we successfully meet our sustainability targets which may challenge even the most sceptical of juries to reconsider the financial and broader benefits of sustainability linked loans. A huge thanks to the the deal team for completing our seventh transaction over the past twelve months Bromford: Rachel Hurst | Sarah Hind | Amanda Swann Newbridge Advisors LLP: Grant Vaughan | Christopher Evans | Gows Shugumaran Devonshires: Julian Barker | Rachel Orgill-Harris | Michelle Pascua Addleshaw Goddard: Helen Hunter | Iain Rodley | Louise Wood

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Today’s column in The Times builds on the theme of how to return growth in to the UK - specifically by reassessing how we approach risk across the economy: https://lnkd.in/e84jQzhv Includes some terrific (and terrifying) data points on how Hinckley C nuclear reactor has become the most expensive in the world (h/t Sam Dumitriu). The issue is a wider one about looking at cost benefit analysis in their broadest sense - and getting better allocative efficiency as a result #economics #weneedtotalkaboutrisk Non-paywall version here: https://lnkd.in/eJZ7vb7K

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One of the great decarbonization challenges at the heart of the net-zero transition is how to encourage an orderly shift away from coal-fired power in Asia while keeping costs low, maintaining security of supply and supporting regional employment and livelihoods. But what if we can keep the power station and swap out the coal? HSBC and Repower have just launched a new Whitepaper looking at exactly that -- reusing all or part of an existing coal power plant to provide like for like service, minus the coal. Check it out here >> https://lnkd.in/eft46JdC Congratulations to Randolph Brazier, Jenny McInnes, Luke Bettesworth and the rest of the team at HSBC for asking the right questions and supporting a key partner in Repower to help find practical, real-world solutions for Asia's transition to net-zero emissions.

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A robust strategy with solid numbers, over the years. Stability and flexibility for the long term…

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Innovation is central to the transition to net zero, and the financial sector is not immune to this. To best support our clients in their transition, banks must continue to evolve. I discussed with Peter Cripps the areas at the frontier that Barclays is exploring, in particular: * Developing transition finance, essential for the decarbonisation of hard to abate, high-emitting sectors * Addressing the financing gaps faced by climate technology companies where collaboration with governments, business and industry to find solutions is key We know that we don’t have all the answers. But we are leaning in to the challenge, contributing to the collective effort to develop new approaches, which we hope will unlock much needed capital for the transition Isabelle Millat Rafael Abati Denise Wong James Edmonds Oliver Phillips Cindy Quan Marie Freier Susan Barron LINK:

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Yesterday I had the pleasure of attending the The Times CEO Summit, joining chief executives and chairs from across some of Britain’s biggest companies. With the chancellor and shadow chancellor of the exchequer, Jeremy Hunt and Rachel Reeves, also sharing their points of view, the theme of the summit was exploring UK growth. I’ve taken away three reflections. Firstly, everyone agreed regardless of their political view that growing the economy will create more money for more services and for more people. In my mind, housing and planning reform will play a key role in that. And by planning reform, I don’t just mean building more houses – we must also look at the full infrastructure; full fibre broadband connectivity, laying the groundwork for transitioning to net zero through greener homes and growing the UK’s EV charging infrastructure, to name just a few areas for steering economic growth. Secondly - businesses thrive in stability. We’re all pretty resilient and that’s been put to the test a great deal over recent years, but businesses and markets do not respond well to uncertainty. Here’s hoping politically and economically the second half of this year brings with it some stability. And finally, after some very thought-provoking discussions on artificial intelligence at the summit, I’m reminded that all businesses large and small are challenged by changing technology. If we look back ten years and remember where technology was then, compared to today – and then we imagine ten years from now where it might be – the thought can be quite unnerving. It was a fascinating event yesterday, with some great thought leadership in the room and afterwards in today’s Times newspaper. Above all, I left yesterday feeling very upbeat on the future of the UK. Skipton Group Richard Fletcher Alex Ralph patrick hosking #TimesCEOSummit #ThoughtLeadership #UKbusiness #UKgrowth

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With climate stocks showing some signs of fatigue in 2024, we look at how Waste and Food & Agriculture have emerged as the best placed climate themes on our proprietary radar tool. Clients of HSBC Global Research can read the full report here 👉https://grp.hsbc/6047eZ3nz Questions? AskResearch@hsbc.com #HSBCResearch #Research #Climate

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An excellent course with INSEAD Executive Education to support professional development.

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Have UK asset managers lost their way? "Britain is second only to the US as a centre for asset management. The business is fabulously profitable and employs tens of thousands in highly paid jobs. But the mood among traditional asset management executives has hardly been celebratory of late given the gale of headwinds they face," Toby Nangle writes in the Financial Times today. Shifts in pension fund mandates, Brexit, poor M&A, the rise of passive and alternatives, and rates, he notes, have each taken their toll. But perhaps the largest of these is the barbell: "Twenty years ago Huw van Steenis forecast that investors would gravitate towards passive funds for cheap benchmark performance, and to specialist managers capable of delivering outsized returns. His widely cited 'barbell thesis' left no room for traditional active managers. It has proved prescient," he (kindly!) writes. Some 90% of inflows have been passive, he notes "Half of all the management fees in the investment industry are likely to go to alternative asset managers in 2023, up from 28 per cent in 2003," I wrote in the FT last year (Private credit boom will trigger a new squeeze - https://lnkd.in/ehPqWHtW). While there have been some terrific success stories in alternatives, either by Brits or others, alas, many of the UK listed asset managers failed to capitalise on the extraordinary changes in financial markets. The sea change to credit that Howard Marks writes about, and private credit in particular, will in my view "trigger a new squeeze." Views? #investing #finance #investmentmanagement #economy Oliver Wyman Morgan Stanley

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We welcome today’s announcement by the Chancellor, Rachel Reeves, that a new National Wealth Fund will be established to drive economic growth and unlock investment in the UK. Key institutions, including the British Business Bank and the UK Infrastructure Bank, will become aligned under the new National Wealth Fund to invest in the new industries of the future, supporting the government’s new Industrial Strategy. This announcement is a strong endorsement of the British Business Bank’s 10-year track record, broad skills and capabilities including our position as the UK’s largest domestic investor in venture and venture growth capital and the most active late-stage investor in UK life sciences and deeptech. We expect the National Wealth Fund to create a single coherent governmental offer for businesses and a compelling proposition for investors that will help mobilise billions more in private investment in line with a lot of our recent work, enabling us to catalyse external institutional capital, including pension fund investment, into UK high potential companies, by leveraging the British Business Bank’s scale, networks, and track record. Read more from HM Treasury 👉 https://bit.ly/3LBN5lj

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