The Guernsey Financial Services Commission has published the Guernsey Green Fund rules, following the closing of its consultation on 1 June.
The rationale for developing the rules was to develop a transparent product through which investments into green initiatives can be made, assuring investors that their investments have a positive environmental impact.
Through either Route 1 or Route 2, a declaration is provided that a scheme’s objective encompasses mitigating environmental damage and confirms that a scheme’s investment criteria comply with the green criteria in the rules.
On meeting the requirements in the rules, a scheme is given a Guernsey Green Fund designation from the Commission, and may use the Guernsey Green Fund logo to present its compliance with the rules.
Emma Bailey, Director of the Investment Supervision and Policy Division, commented: “The rules provide a framework on which international green investments can be encouraged and facilitated in the bailiwick. The rules assure investors that their money contributes to initiatives that have positive environmental results whilst being well regulated."
• The consultation paper can be found here
• The Guernsey Green Fund rules can be found here
• For more information on the Guernsey Green Fund click here