The Guernsey Financial Services Commission
(the GFSC) has published an amended version of the
Guernsey Finance Sector Code of Corporate Governance
(the Code) which asks boards of companies to
which the Code applies to consider the impact of climate change on
their strategy and risk profile and, where they judge it
appropriate, make climate change related disclosures.
This amendment to the Code was consulted on as part of the
Commission's Spring Green Consultation, issued on 11 March
2021. A copy of the new Code can be found here.
The Commission's aim in amending the Code is to ensure firms
in the Bailiwick of Guernsey are prepared to engage with this issue
in a way that is proportionate to the nature of their businesses,
whether it be through client demand for more sustainable solutions
or the impact of climate change policies on their asset bases, for
example.
