UKSIF member Abundance Generation has been named as the winner of the Sustainable Finance category of the Sustainable City Awards 2013-14. Resonance Limited’s Real Lettings Property Fund (RLPF) received the ‘highly commended’ award.
Abundance Generation is an online retail finance business, which has created an innovative regulatory structure that allows anyone in the community and wider UK public to invest in renewable energy projects with a minimum investment of only £5. Using a low cost model, operating through an internet platform, investors can follow all the news on their projects and get real-time updates on electricity generated and money earned.
Resonance Limited’s Real Lettings Property Fund (RLPF) is a landmark investment fund developed by Resonance Limited and homelessness charity Broadway, in response to a growing failure in the rental housing market resulting in rising numbers of people at risk of being homeless in London.
Ecology Building Society, Impax Asset Management and Schroder Investment Management were the runners-up, having all been shortlisted as innovative contributions for the Sustainable Finance Category.
An expert judging panel tasked with collectively deciding on the winner and highly commended entry for this year’s ‘Sustainable Finance’ award featured Kieron Boyle, Head of Social Investment and Finance at the Cabinet Office, Emma Howard Boyd, Sustainable Investment and Governance Director at Jupiter Asset Management, and Lauren Iannarone, Head of Citizenship at Barclays, together with the Chairman of the Policy and Resources Committee of the City of London Mark Boleat who chaired the panel.
UKSIF has worked in partnership with the City of London to deliver the ‘Sustainable Finance’ category of the Sustainable City Awards since 2007. The ‘Sustainable Finance’ category focuses on innovation in the sustainable investment and finance industry, advancing sustainability through financial services with demonstrated positive impact.