About Southwark Council
Southwark is taking urgent action to make its environment clean, green and healthy. It has an ambitious plan for the whole borough to be carbon neutral by 2030. By taking action, it aims to reshape the borough into a better place for everyone. This will help deliver improvements in health, raise the standard of homes, create good green jobs and strengthen its communities.
How is the council using the money raised?
The money invested will help fund a range of projects from its climate programme. These measures are expected to include:
- Community-led nature projects that will create habitats and green spaces across the borough
- More school retrofit projects to move them away from gas
- Community energy projects, including solar on rooftops, that will increase clean energy and tackle fuel poverty
- A programme of schemes to improve walking and cycling in the borough
This investment is Green Loan Principles compliant
This investment has been issued under a Green Finance Framework. This is a voluntary standard which sets out how the council intends to manage its green local authority securities in the future, and outlines how they will meet the Green Loan Principles. This assures investors that funds raised can only be used to help them deliver on eligible green projects from within this framework, and Abundance will monitor the use of funds across the investment term to ensure the principles are being adhered to.

Key terms
Funding Eligible Green Projects under the Council’s Green Finance Framework, with an expected focus on Green Energy, Clean Transportation and Natural Resources.
Documents
Payment schedule
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