The new report produced by FC4S, a partnership among the world’s financial centres and hosted by United Nations Development Programme (UNDP), provides compelling evidence that financial centres’ initiatives were characterised by strong growth, increased scope, greater maturity and accelerated action across 2021. And with this year’s COP27 expected to focus on unlocking further capital in support of the transition, 2022 is shaping up to be an important year for financial centres and their sustainable finance activities.
Jersey Finance was delighted to participate in this report for the first time this year, following Jersey’s admission to the FC4S in November 2021, by contributing to the assessment programme which underpins FC4S global activities. It provides a snapshot of member progress and year on year priorities, which reveals seven key insights on how financial centres across all continents are mobilising their capital, resources, connectivity, and expertise to support low-carbon transition and the achievement of the UN Sustainable Development Goals (SDGs). It also identifies the barriers they need to overcome to achieve these goals.