Guernsey joins UN network ahead of initiative launch

The channel island will launch the Guernsey Green Finance initiative in early January

British channel island Guernsey has announced its has joined the United Nations’ Finance Centres for Sustainability network.

The news comes as the crown dependency prepares to host a briefing on the Guernsey Green Fund at an event in the City of London tomorrow (Wednesday 28 November 2018). Representatives from the jurisdiction are due to launch the Guernsey Green Finance initiative on the week of 7 January 2019.

In a statement, announcing its membership, the island’s chief minister, Gavin St Pier, said its membership to the UN initiative was evidence of its commitment to strategic action on green and sustainable finance.

“Guernsey is at the early stages of development of green and sustainable finance,” he said. “Our ambitions are big and I am proud that Guernsey has committed to the Casablanca principles developed by the United Nations.”

St Pier said the Guernsey Green Finance Group will take a strategic approach to the development of green and sustainable finance.

The event to promote Guernsey’s first regulated green investment fund takes place on 28 November at the Eight Club in the City of London.

“Our goal is to be at the forefront of the development of green and sustainable finance,” explained Andy Sloan, deputy chief executive (Strategy) at Guernsey Finance, who chairs the Guernsey Green Finance Group.

“Key to our success will be engagement with global public policy groups and learning from other leading centres such as Paris, London and Shanghai. By working together, the closeness and connectedness of our stakeholders should help us accelerate our development.”