Guernsey Finance has committed to offsetting unavoidable carbon emissions, comprising scope one, two and three emissions, as part of its action plan to become a more sustainable business.
The agency continues to adhere to its strategic commitment to be a responsible global citizen, and part of its agreed action plan includes working with Guernsey-based FutureTracker to measure and reduce emissions.
The island’s promotional agency for the finance industry will offset through the Uganda Gender Responsive Safe Water Project, which provides clean water access to over 40,000 individuals and reduces gender inequality in domestic work, marking the first project certified under the Gold Standard’s Gender Responsive Framework.
The project’s objectives align with the agency’s recent signing of the UN FC4S Gender Charter, which includes 10 principles to champion female leadership and representation in sustainable finance.
In addition to its own offsetting, Guernsey Finance has been working with three carbon offset sponsors across the year to directly offset the impact of its flagship events – the Funds Forum, Sustainable Finance Week and the Private Wealth Forum, with RBS International, Cazenove Capital and The Fort Group as carbon offset sponsors respectively. The sponsors offset through a variety of projects, including the Climate+ Portfolio, the Panama Forestry Programme the Uganda Gender Responsive Safe Water Project, as well as supporting several local projects in Guernsey.
Guernsey Finance Head of Strategy and Sustainable Finance Stephanie Glover (pictured) said: “When it comes to reducing carbon emissions, we want to practice what we preach.
“This not only includes running our office practices and events in a more sustainable manner, but also ensuring that any unavoidable carbon emissions are offset through impactful projects, which ensures we uphold our aim to promote a more sustainable future.”
