Guernsey Green Finance and Green Finance Initiative have confirmed their mutual support and commitment to collaborating to promote the development of green and sustainable finance.
Representatives of the two organisations met at City Week, the international financial services conference in London, this week to strengthen ties between the sustainable finance initiatives of the two jurisdictions and foster cooperation.
Sir Roger Gifford, Chair of the UK Green Finance Initiative, said: “There is no greater imperative for bankers and investors than financing the transition to a low-carbon future. The UK has demonstrated global leadership in green and sustainable finance time and again but collaboration is key.
"It’s both natural and necessary, therefore, to combine with our colleagues in Guernsey and we welcome working with Guernsey Green Finance in support of climate finance.”
Guernsey Finance Deputy Chief Executive, Strategy, and Chair of Guernsey Green Finance, Andy Sloan, added: “I am delighted we are able to formally confirm a collaborative approach between us to ensure that Guernsey fully plays its natural complementary role supporting the City and UK global leadership on green finance.”
Guernsey Green Finance is the body responsible for the development of the sustainable finance sector in the island. A member of the United Nations’ Financial Centres for Sustainability Network, it has been at the forefront of the development of green financial product launching world first regulated investment regime in 2019.
Pictured: Sir Roger Gifford (left) and Andy Sloan