CIG has learned of a new range of climate change bonds, launched recently by UK green bank Triodos, designed to offer consumers the option of investing in low carbon projects.
The bank is offering two, three and five year bond options yielding between two and 3.5% interest rates with the firm hoping to see a significant take up of the new products by an ever expanding green consumer market.
CIG believes the head of business banking was quoted as saying, “The rates of interest are not the highest in the market, but nor are they near the bottom, it is a fair midmarket return and it’s offering savers a chance to make a positive difference through their bank at a time when everyone is disillusioned through the sector.”
The move is the latest step in the banks expansion drive that saw the amount of financing it provided to low carbon projects increase by 20% during 2009 to almost £250m.
Triodos invests in recycling organizations, green energy businesses, organic food projects and a variety of “businesses and charities making positive change happen.” Cig learned.
