Issue - meetings

AGREED RECOMMENDATIONS

Reasons for decision – to engage with residents to support the net zero carbon

strategy and part-fund the latest approved capital programme for 2021/22 to 2023/24.

Other options considered – none

Conflicts of interest / dispensations granted – none

RESOLVED:

a)     That the launch of a Community Municipal Investment (CMI) with Abundance Investment be agreed;

b)     That the timeline, including the launch of the CMI at the “Islington Together: Let’s talk about a greener future” festival before COP26, be noted.

c)     That the plan to launch an initial CMI for £1.0m with a 5 year maturity at a rate which will match or undercut PWLB borrowing rates be noted.

d)     That the plan to use proceeds to part-fund a package of approved programmes  that contribute to a net reduction in carbon emissions in the Borough be noted (paragraph 4.15 of the report); and the Corporate Director of Environment be authorised to amend the schedule of projects following consultation with the Executive Member.

Reasons for decision – to engage with residents to support the net zero carbon

strategy and part-fund the latest approved capital programme for 2021/22 to 2023/24.

Other options considered – none

Conflicts of interest / dispensations granted – none