City of London Corporation sets bold vision for sustainable investing and partnership growth
The Investment Committee Chairman of the City of London Corporation, Andrien Meyers, is set to deliver a keynote address at the inaugural Investment Committee Dinner on February 26, 2024. The speech will highlight the city’s dedication to sustainable investing and the cultivation of strategic partnerships for long-term prosperity.
Meyers announced the city’s forward-looking commitment to “impact” investments, specifically targeting opportunities in sustainable infrastructure, social mobility funds, and renewable energy. These investments align with the City Corporation’s overarching mission to create a better and brighter future for the succeeding generation.
In a move towards increased efficiency and impact, the Investment Committee, responsible for managing the city’s investments, has strategically merged the Property Investment Board and Financial Investment Board. This consolidation aims to ensure alignment with strategic goals while closely monitoring performance and evaluating financial outcomes.
Meyers stressed that the city’s focus extends beyond financial returns, emphasizing investments that contribute to the well-being of people and the planet. The initiative, termed ‘Planning for Prosperity,’ involves fostering an inclusive environment conducive to diversity, supporting net-zero emissions initiatives, and nurturing partnerships for economic growth.
Highlighting the commitment to inclusivity and talent development, Meyers shared the success of the Catalyst Education program. This program aims to provide opportunities in the investment industry for underprivileged students, with support from leading firms and educational institutions. Nearly 100 students across 30 schools have already enrolled, showcasing the city’s dedication to creating pathways for success.
Meyers also outlined the urgency of climate action, revealing the City Corporation’s ambitious targets for achieving net-zero emissions in its operations by 2027 and throughout its value chain by 2040. The city aims to lead by example in tackling the climate crisis through strategic investments and engagement with fund managers.
Moreover, Meyers emphasized the pivotal role of partnerships in driving innovation and economic development. Examples of collaboration include support for businesses during the pandemic and transformative redevelopment projects across London. The City Corporation remains steadfast in its commitment to leveraging partnerships for sustainable growth.
In conclusion, Meyers envisioned a City of London thriving on sustainable practices, inclusive growth, and robust partnerships through the ‘Planning for Prosperity’ initiative. The goal is to shape a future where prosperity knows no bounds.
