The Jersey Financial Services Commission has been accepted as a member of the Network for Greening the Financial System (NGFS), following an announcement at COP26 in Glasgow by NGFS Chair Frank Elderson.
NGFS is a network for central banks and supervisors who voluntarily exchange experiences, share best practices and contribute to the development of environment and climate risk management in the financial sector.
JFSC Interim Director General Jill Britton (pictured) commented: “Joining this important global network of financial supervisors enables us to contribute to the development of environment and climate risk management, share ideas and bring that best practice directly into our work.
"Along with government, other island agencies and industry, we are committed to taking an active role in supporting the worldwide transition to a sustainable economy. Our membership of NGFS is an important step as we develop that work.”
Matthew Clegg, Sustainable Finance Lead, added: “This year we introduced straightforward disclosure requirements for funds in order to mitigate the risk of greenwashing.
"There is much more to be done and joining the NGFS helps us on this journey. Our membership combines with our local membership of Jersey for Good – A Sustainable Future, and will help us in bringing a global perspective to our vital work supporting the development of sustainable finance in Jersey.”
• For more information on the NGFS click here