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ARTICLE · 22 JUNE 2021

Sustainable Finance Week Top 10 Takeaways - Day Three

Guernsey Finance
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The focus of the third day of #GYSFW21 was how insurance helps mitigate the impact of climate change through climate funding, resilience, adaption. Here are our top 10 takeaways from the event.

GuernseyFinance and Banking
Guernsey Finance
Guernsey Finance
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The focus of the third day of #GYSFW21 was how insurance helps mitigate the impact of climate change through climate funding, resilience, adaption. Here are our top 10 takeaways from the event.

  1. Sustainability has moved beyond altruism into a new business imperative for the insurance sector.

  2. Insurance will undoubtably be one of the industries most affected by climate change.  

  3. Guernsey Green Finance has been taking concrete steps towards addressing the need for greater education around sustainability.

  4. One of the more challenging areas for insurers when it comes to implementing sustainable criteria is risk assessments.

  5. Regulatory pressure is fast intensifying, especially around climate risk, but more work needs to be done in order to meet FCA/ PRA expectations.

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