Government of Jersey publishes sustainable finance action plan
Today the Government of Jersey published its sustainable finance action plan at an event supported by the JFSC, Jersey Finance, Channel Islands Brussels Office and other stakeholders.
Jersey’s action plan follows government’s consultation on sustainable finance in H1 2024.
The JFSC will play a key role in considering and delivering new or amended regulation where this is appropriate and proportionate. Over the next few years we will work together with various stakeholders to build capacity, and allow time for the embedding of our enhanced regime.
Next steps:
Next year, we will consult on three main areas:
1. Sustainability disclosures – to gain an understanding of what impact disclosure regimes may have on businesses, allowing us to make informed decisions concerning the future regulatory landscape.
2. Sustainable risk – concerning, for example, the physical risk businesses might face due to climate change, to inform us on what regulation may be appropriate.
3. ESG integrity risk – a slightly broader concept than anti-green washing where we already have mandatory Codes for funds. Here, we will consider the benefits of expanding the regulation, for example to capture other types of businesses.
The JFSC will continue to work collaboratively with stakeholders on areas including environmental crime and new products. This will ensure we remain aligned, embracing this opportunity together - for profitability, people and the planet.
Contact us: If you require any assistance or clarification, please contact our Policy team.