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ARTICLE · 22 JUNE 2018

Green Shoots For Guernsey?

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Following an initial consultation that is due to close in early June in relation to the Guernsey Green Fund (GGF) Appleby's Andrew Harding examines the potential future for the fund.

GuernseyCorporate/Commercial Law

Following an initial consultation that is due to close in early June in relation to the Guernsey Green Fund (GGF) Appleby’s Andrew Harding examines the potential future for the fund.

The global transition to a greener furture is estimated to require USD1 trillion of investments per year, and Guernsey is looking to adapt its offering to cater to the increasing demand for green investments. The GFF is part of an ambitous initiative from WE ARE GUERNSEY to develop the broadest and best range of products with a green focus among international financial centres, incorporating investment, securities and insurance markets and services.

Under current proposals, the GGF will be a new framework of rules that can be adopted by any type of Guernsey fund; a badge of honour demonstrating the fund’s green credentials. The Guernsey Financial Services Commission (GFSC) will expect a certification from the administrator or manager that the fund meets the relevant criteria. At least

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