Channel Eye
KPMG
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Financial Services
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing at Work
  • Lifestyle
    • Arts & Culture
    • Charity & Community
    • Education
    • Food & Drink
    • Health & Wellbeing
    • Home
    • Leisure
    • Travel
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Alderney
    • Events in Isle of Man
    • Virtual events
    • All events
    • Past Events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • Advertise
  • Subscribe
No Result
View All Result
Channel Eye
No Result
View All Result
KPMG
Home Location Guernsey

Guernsey launches world-first regulated green fund product

July 10, 2018
in Guernsey
Share on LinkedInTwitterFacebookEmail

Guernsey has launched a world-first regulated green fund product.

The move is part of Guernsey’s plans to become the ‘go-to’ international finance centre for green finance, and the Guernsey Green Fund has the objective of seeking a return for investors while mitigating environmental damage.

Andy Sloan, Acting Director of Strategy at Guernsey Finance, said: “Guernsey has already been highlighted as an ‘emerging global contender’ in the inaugural Green Global Finance Centres index, launched by the think tank Z/Yen. This move underlines our intention to be the ‘go-to’ jurisdiction for all green finance, and particularly the emerging area of green funds. Guernsey’s reputation in the sector and the breadth of our funds offering positions us perfectly.”

Under the new rules, 75% of a fund’s assets by value must meet specified green criteria. Permitted investment areas include renewable energy, efficient energy generation, energy efficiency, agriculture, waste and waste water and transport. The rules use an internationally-recognised set of green criteria, developed by the joint finance group of multilateral development banks.

A consultation exercise was carried out by the Guernsey Financial Services Commission with Guernsey industry earlier this year, which highlighted “significant support” for the proposal.

Emma Bailey, Director of the Investment Supervision and Policy Division at the Guernsey Financial Services Commission (GFSC), said: “The Guernsey Green Fund Rules provide a framework upon which international green investments can be encouraged and facilitated in the Bailiwick of Guernsey. The rules assure investors that their money contributes to initiatives that have positive environmental results while being well regulated. The island has a sterling reputation as a funds centre and has the ability to attract individuals and institutions from around the world who want their investments to pursue environmental objectives.”

ShareTweetShareSend
Channel Eye Media

Channel Eye Media

Related Posts

Condor Islander
Transport

Condor Islander to begin sailings in October

September 22, 2023
Sustainable Finance Week Conference urged to ‘work with nature, not against it’
Financial Services

Sustainable Finance Week Conference urged to ‘work with nature, not against it’

September 22, 2023
Future pilots inspired after this year’s Air Display 
Transport

Future pilots inspired after this year’s Air Display 

September 22, 2023
Next Post

Tidal energy met 33% of Guernsey Electricity’s demands in 2017

Please login to join discussion
List your event
Channel Eye
PPBF

Be the first to know​

Subscribe to the essential islands business news, direct to your inbox every morning​
  • Home
  • Business
  • Lifestyle
  • Events
  • Directory
  • Privacy Policy
  • Contact
  • Advertise
  • Subscribe

© 2023 Channel Eye Limited

No Result
View All Result
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Financial Services
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing at Work
  • Lifestyle
    • Arts & Culture
    • Charity & Community
      • Macmillan
    • Education
    • Food & Drink
    • Health & Wellbeing
    • Home
    • Leisure
    • Travel
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Alderney
    • Events in Isle of Man
    • Virtual events
    • All Events
    • Past Events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • Advertise
  • Subscribe
  • Contact

© 2023 Channel Eye Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Be the first to know

Subscribe to the essential islands business news,
direct to your inbox every morning
Thanks - I am already subscribed