Council meetings

Decision details

Launch of Lewisham Climate Action Bond

Decision Maker: Mayor and Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No



  1. Sign the Green Finance Institute’s “Local Climate Bond Pledge”;
  2. Subject to Full Council approval of the Treasury Management Strategy at its meeting on 23 November 2022, agree the launch of the Lewisham Climate Action Bond;
  3. Delegate to the Executive Director for Corporate Resources the appointment of a Financial Conduct Authority (FCA) regulated loan counterparty and platform provider to launch the Bond;
  4. To note the plan to launch an initial Climate Action Bond for £1m with a 5 year maturity at a rate which will match or undercut PWLB borrowing rates, and delegate to the Executive Director for Corporate Resources to agree the final terms of the bond including value, maturity and rate;
  5. To note the plan to use the proceeds to part fund a package of approved programmes that contribute to a net reduction in carbon emissions in the Borough and delegate to the Executive Director for Corporate Resources, in consultation with the Executive Director for Housing, Regeneration and Public Realm, to amend the schedule of projects if required. 


Publication date: 07/11/2022

Date of decision: 02/11/2022

Decided at meeting: 02/11/2022 - Mayor and Cabinet

Accompanying Documents: