Ahead of the Parliamentary debate on a Scottish National Investment Bank on 8 May, LINK members outline their views on establishing a Scottish National Investment Bank (SNIB).
This is an exciting opportunity to take strides towards a more sustainable economy and a Scotland richer in nature. Our key recommendations for establishing a SNIB that delivers for Scotland’s people and environment are:
- The SNIB should set out an overarching vision to contribute to a sustainable society, prioritise investments in the low carbon and circular economy, and seek to pioneer innovative investments in the natural environment such as green infrastructure and natural flood risk management.
- In order to achieve this, the SNIB should establish a governance framework to ensure investments contribute towards Scotland’s progress towards the Sustainable Development Goals (SDGs). The SDGs are internationally agreed commitments across social, environmental and governance criteria and there is growing demand to incorporate them into financial governance.
- Establishing the Bank as an independently run but publicly owned body would ensure disclosure of information and integration with core Government policy including the Climate Change Plan, Biodiversity and Land-Use Strategy, Marine Plan and National Planning Framework.
Please find the full briefing here.