We enjoyed hosting the ESG Pulse Webinar on Thursday 23 January, focussing on key developments in sustainable finance policy and regulation that have been recently announced in the Crown Dependencies.
In recent years, we have seen a growing wave of sustainable finance regulation in key markets for the Crown Dependencies. Financial services businesses in the Islands have had to adapt to new frameworks such as the Sustainable Finance Disclosure Regulation (SFDR) in the EU, and to obligations such as climate risk reporting in the UK. However, until now, these developments have been largely driven by rules in other jurisdictions, rather than domestic regulation in the Islands. This looks set to change in coming years, as the Crown Dependencies seek to protect and promote their position as leading international finance centres by adopting a range of policies and regulatory changes in relation to sustainable finance.
In the most recent developments, both Jersey and the Isle of Man have now released their long-awaited sustainable finance roadmaps. Each of these sets out a policy blueprint for the introduction of new rules, regulations, products and incentives in the coming years. With a broad range of expected measures, from mandatory sustainability reporting and ESG governance requirements, to anti-greenwashing rules and upskilling initiatives, it is essential for financial services firms in the Crown Dependencies to start assessing the potential impact of these roadmaps.
During this webinar, our ESG experts from Jersey, Guernsey and the Isle of Man provided insights into what you should expect from these roadmaps and what you can do to get your business ready.
Download the webinar slides below:
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