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GFSC updates sustainable fund rules

GFSC updates sustainable fund rules

Monday 13 March 2023

GFSC updates sustainable fund rules

Monday 13 March 2023


Changes have been made to the GFSC’s Natural Capital Fund framework to reflect new international agreements on biodiversity and nature loss made at COP15.

Guernsey’s financial regulator launched the framework last September as part of the local Sustainable Funds regime.

It helps investors to be confident that funds are being channeled into nature positive outcomes in line with international standards.

In December, 188 countries governments agreed a pathway for global action to half and reverse nature loss on land and in the oceans, with billions of dollars committed to support vulnerable nations.

It centres on the goal of 30 by 30 – a target to achieve the effective conservation and management of at least 30% of the world’s land, coastal areas and oceans, as well as the restoration of 30% of terrestrial and marine ecosystems by 2030.

The Kunming-Montreal Global Biodiversity Framework wasn’t signed by Guernsey, but local moves have been made to align with its objectives.

The updated rules for the Natural Capital Fund in light of these development can be found HERE

READ MORE...

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