Call us +44 (0) 1534 626830
Home News JERSEY and the JFSC understanding sustainable finance & anti-greenwashing code of practice.
News
Print Article

JERSEY and the JFSC understanding sustainable finance & anti-greenwashing code of practice.

10/10/2024

JFSC

  • Although it is not on its website as of 13.31 on 9th October

Network for Greening the Financial System (NGFS)

  1. In 2021, The JFSC were accepted as a Network for Greening the Financial System (NGFS) member.
  2. NGFS is a network for Central Banks and Supervisors who, voluntarily:
    1. Exchange experiences.
    2. Share best practices and contribute to environmental and climate risk management development in the financial sector.

JERSEY GOV

In March 2024, the Government of Jersey launched a public consultation on sustainable finance, with the response paper published in June 2024.

  1.  Consultation Paper on Designing a Policy and Regulatory Framework for Sustainable Finance in Jersey (March 2024):
  2.  Response Paper on Sustainable Finance Consultation (June 2024):
  3. November 2024
      • The Government’s Sustainable Finance Action Plan, due in November 2024, will outline the next steps for Jersey’s sustainable finance initiatives.

WHAT IS SUSTAINABLE FINANCE

  1. Sustainable finance integrates environmental, social, and governance (ESG) factors into financial decision-making.
  2. While profit and economic growth remain important, the long-term sustainability of people and the planet is also a key driver in today’s financial landscape.
  3. Environmental considerations include reducing greenhouse gas emissions, investing in renewable energy, or preserving biodiversity.
  4. Social considerations, such as promoting equality, diversity, and inclusion, are essential for fostering responsible and inclusive business practices.
  5. Governance involves management structures, executive remuneration, and employee relations. Ensuring robust governance practices helps align a company's objectives with ESG factors.
  6. However, with the rise of sustainable finance comes the risk of greenwashing, where businesses falsely portray themselves as more sustainable than they are.
  7. This misleads investors who seek to make positive impacts with their investments.
  8. Sustainable finance offers exciting opportunities to make a positive impact but requires careful consideration to avoid misleading claims.
  9. Investors must stay informed and vigilant when making investment decisions in this area.

THE ABOVE IS SOURCED FROM

JFSC blogs from the JFSC team for World Investor Week 2024, an IOSCO initiative to advance investor education and protection

https://www.jerseyfsc.org/news-and-events/understanding-sustainable-finance/

JERSEY

The Team

Meet the team of industry experts behind Comsure

Find out more

Latest News

Keep up to date with the very latest news from Comsure

Find out more

Gallery

View our latest imagery from our news and work

Find out more

Contact

Think we can help you and your business? Chat to us today

Get In Touch

News Disclaimer

As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.  
×

As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.  

news disclaimer -

As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.