Jersey and sustainable investing
writes Sophie Reguengo (pictured) of Ogier law firm in Jersey. That said, as the owner of a moody rescue buck of a rex rabbit, I would argue that ‘bunny hugging’ is not for the fainthearted, but I take his point; we need concrete action, not fluffy promises.
So what is Jersey doing in the investment funds space to support funds with an objective to invest sustainably?
A consultation paper relating to sustainable investments was published by the Jersey Financial Services Commission in late 2020 and focused on the potential for mislabelling sustainable investments, a phenomenon most commonly known as greenwashing. The concern is that there is potential for some funds to overstate their sustainability credentials.
Thanks to Boris Johnson, the UK prime minister, we know that committing to slash carbon emissions is more than simply ‘bunny hugging’ – it’s serious stuff.