MacBank’s purchase of British Green Investment Bank is still controversial

When Macquarie Bank bought the UK’s Green Investment Bank it ignited a storm of opposition. There was doubt the Aussie bankers would uphold the original ambitions of the GIB, because these ambitions are not sufficiently protected. That’s certainly the conclusion of an investigation by British MPs on the UK House of Commons Public Accounts Committee.

Macquarie finalises UK green bank purchase

Australian-owned Macquarie Group has completed the acquisition of the UK Green Investment Bank from the British Government for a price of £2.3 billion (AU$3.7b). However, despite the company’s pledge to expand green investment, the deal has been labelled a disaster for renewable energy. The newly named Green Investment Group (GIG) – losing the term “bank” […]

MacBank reveals new green global headquarters

Macquarie Bank’s new global headquarters at 50 Martin Place has undergone extensive refurbishment to become the largest heritage building in Australia awarded a 6 Star Green Star rating.