Deputy to chair Guernsey Green Finance Strategy Group

Tuesday 08 February 2022

Deputy Nick Moakes has been appointed Chairman of the Guernsey Green Finance Strategy Group, which oversees the island's commitment to sustainable finance.

Guernsey Green Finance was launched in 2018 and Deputy Moakes said he is delighted to have joined as Chairman. He is also Chairman of the Financial Services Forum and finance lead for the Committee for Economic Development. He is known for his support of the green and blue economies and sustainable finance.

“2021 was an excellent year for green and sustainable initiatives in Guernsey with some key achievements that have well and truly cemented Guernsey on the global stage as a leader in sustainable finance," said Deputy Moakes.  

“I am genuinely passionate that Guernsey adopts more renewables and I’d like to see an acceleration in the expansion of Guernsey’s green and blue initiatives. I see my role as Chairman as a way of enhancing communications between government, business and finance, and aligning perfectly with the aims and aspirations of the States of Guernsey’s plans to adopt a more sustainable approach.” 

Stephanie Glover, Head of Sustainable Finance at Guernsey Finance, chaired the Group on an interim basis from August 2021 until Mr Moakes' appointment. She welcomed Deputy Moakes' appointment.

“Having Deputy Moakes’ representation on the Green Strategy Group will enable the creation of a greater connection between the States of Guernsey Climate Change Action Plan and the green finance community," she said.

“It is vital that Guernsey continues to develop its own sustainable journey. Guernsey Green Finance was delighted that the States of Guernsey jointly announced with the UK at COP26 that they had reached an agreement in principle to extend the UK's ratification of the Paris Agreement to Guernsey. 

“This will facilitate the marketing of Guernsey as a jurisdiction for sustainability as well as a global leader in sustainable finance.   

“The achievements across the specialist sectors in Guernsey such as the ESG Framework for insurers have enabled Guernsey to differentiate its international finance offering, which is perfectly aligned with the role of Economic Development for Guernsey.”  

Pictured top: Deputy Nick Moakes.