JFSC Q1 2025 Corporate Sustainability Disclosure [CSD] survey

The JFSC is distributing to various sectors* its Q1 2025 corporate sustainability disclosure survey

The Sectors* included are:-

1. Deposit-taking business
2. Trust company business (only affiliation leader)
3. Investment business
4. Insurance business (Category B)
5. Money services business and
6. Funds (fund services businesses and Jersey collective investment fund companies and unit trusts)

In support of the Q1 2025 corporate sustainability disclosure [CSD] survey, the JFSC says:-

1. The survey has been created to
1. Gain a more informed understanding of what CSD Standards/Frameworks are currently being used and
2. If there are any CSDs that businesses are planning to adopt.
2. It will also inform us what CSD parent companies use.
3. It will provide us with up-to-date information on listed businesses alongside some of their features.
4. The survey results will inform our sustainable finance workstream later this year, including a consultation, considering the three key areas allocated to us under the Government’s 2024-2028 Sustainable Finance Action Plan:
1. https://www.jerseyfsc.org/industry/sustainable-finance/sustainable-finance-action-plan/
2. https://www.gov.je/Industry/Finance/pages/sustainablefinanceplan.aspx

The JFSC also adds the following:-

1. Corporate sustainability disclosures:
   1. We will be one of the first international finance centres to adopt a robust and proportionate disclosure framework aligned with internationally recognised sustainability disclosure standards.
2. Sustainability risk management:
   1. We will embed sustainability risk management obligations within our regulatory framework,
      1. So that our financial services businesses, in line with the size and scale of their business operations, consider how to manage their sustainability risk exposure (including climate risk),
      2. Therefore, enhancing data analysis and operational resilience will ultimately help future-proof businesses for the benefit of our local community and the planet.
3. ESG business integrity risk:
   1. We will expand our existing principles-based anti-green washing measures both at the product and corporate level to ensure
      1. Business advertising and client services are transparent, well-informed, and substantiated in terms of sustainability.
   2. This way, Jersey maintains an environment with high market integrity and is able to promote its services in a fair, clear, and effective manner.
   3. This will also enable recognition of our pedigree sustainable businesses.
4. 2025 WORK
   1. 2025 will be a year of engagement as we prepare to establish policy certainty by Q1 2026 in our three lead areas.
   2. We will work closely with stakeholders to avoid unintended consequences when developing our regulatory framework.

NOTE THAT THE SURVEY:

1. The survey should not be interpreted to infer any preference for specific disclosure standards or the future Jersey approach to these.
2. The survey Contains rules/logic that determine which questions will need answering depending on previous answers.  

SOURCES

• https://www.jerseyfsc.org/industry/sustainable-finance/
• https://www.jerseyfsc.org/industry/sustainable-finance/q1-2025-corporate-sustainability-disclosure-survey/