As a dynamic, focussed and forward-thinking international finance centre, we have the power to accelerate this journey and help create a brighter and sustainable future for all.
By 2030, Jersey will be recognised by its clients, key stakeholders and other partners as the leading sustainable international finance centre in the markets it serves.
Sustainable finance refers to the process of taking environmental, social and governance (ESG) considerations into account when making investment decisions in the financial sector, leading to more long-term investments in sustainable economic activities and projects.
In the EU’s policy context, sustainable finance is understood as “finance to support economic growth while reducing pressures on the environment and taking into account social and governance aspects.”
A system-wide view of sustainable finance:
The global financial system is changing. Powered by a range of global mega-trends – ranging from societal pressures to increased regulatory intervention in support of global policy commitments, such as the decarbonisation of our economy – sustainable finance, is experiencing strong growth.
Globally, ESG assets are predicted to exceed US$100 trillion by 2028 and US$150 trillion by 2034 (Deutsche Bank and GSIA). This shift in private capital towards activities that support a sustainable future is essential if we are to tackle the world’s most pressing issues.
As a leading IFC, Jersey has been active in this area for some time, and with a new sustainable finance strategy to catalyse action we are well placed to support the embedding of sustainable finance across all the different sectors of our financial services offering.
Our legal and professional service providers continue to develop new services in this space – whether in terms of assurance, regulatory compliance, or supporting clients to list on innovative sustainable exchanges like TISE Sustainable.
To ensure that our sustainable finance credentials are built on trust and integrity, Jersey introduced a new, proportionate disclosure framework to mitigate the risk of greenwashing in 2021.
Put simply, we are certain that we have the solid foundations with which to support businesses and investors with their sustainable finance goals.
At the core of sustainable finance, ESG investing allows for consideration of environmental, social and governance factors, alongside financial factors in the investment decision-making process.
The ESG investing spectrum ranges from negative screening (where the primary focus is to achieve a financial return, while also making a positive impact) to impact investing (where the primary focus is to achieve a positive impact, while also making a financial return).
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