Pivot To ESG And Sustainability – The Next Step For Private Capital

Rupert Morris, Chair of STEP Guernsey and a member of the STEP Worldwide Council, outlines Guernsey's connections with the development of sustainable finance. He is a partner in Walkers' Guernsey office and the head of the firm's Channel Islands Private Capital and Trusts team.

Four key factors make environmental, social and governance (ESG) investing and sustainable finance particularly relevant to private wealth managers, trustees and those advising high-net-worth families:

• a growing societal awareness and commitment to environmental causes;
• a demographic transfer of wealth to a younger and more socially conscious generation;
• increasing pressure on reporting ESG metrics by governments and regulators; and