Guernsey Green Finance – the strategic initiative on green finance established by Guernsey Finance – has published a jurisdictional self-assessment report on progress towards establishing itself as a global centre for green finance.
Using the framework developed by the UN Financial Centres for Sustainability Network, the report claims that Guernsey has moved quickly as a result of the creation of Guernsey Green Finance. It has been able to develop green and sustainable finance products and services, while raising awareness of the issue across the island's finance sector.
The report states: “Through the enthusiasm and widespread stakeholder support for Guernsey Green Finance, it has already created the solid foundations of a supportive environment for the development of sustainable finance and put in place a clear and coherent strategy.
"It has also achieved notable success in product development such as TISE GREEN, the green-listed section of its securities exchange, and demonstrated global leadership with the creation of the Guernsey Green Fund regulatory regime.”
Dr Andy Sloan, Chair of Guernsey Green Finance, said: “In a short time, we have positioned ourselves well and are ready for the surge in global demand for sustainable finance. It is important that we ensure resources are in place to enable us to make the most of this economic opportunity and to maximise our contribution to climate change mitigation.”
• To read the report, click here