Although Sustainable Finance Week may seem a little while away, taking place on 19th-23rd September, it is a very important date in Guernsey’s business calendar, and we are so excited to share some of the events taking place at Chamber for it!
The Sustainable Business Initiative of Guernsey Chamber will be supporting Guernsey Sustainable Finance Week with an exploration of our pensions, and why what we invest in via our pension can be a force for good. We will be joined over lunch by a panel of experts to explore what “Investing for good” means, and how you and your workplace pension can respond to increasing investor demand for more sustainable investments.
Click here to register your place: https://www.eventbrite.co.uk/e/353766684677
Wednesday 21st September – Climate Risk & ESG Reporting: what’s needed and nice, and what’s nonsense
This is a fringe event for Guernsey Finance’s Sustainable Finance Week, led by Dr Andy Sloan via Nephrite & Grundweldt Advisory Climate Capital & Risk. Please see here if you would like to reserve a space: https://www.weareguernsey.com/finance-events/2022/sustainable-finance-week-2022/fringe-events/
With the tsunami of ESG driven marketing and social media over the last few years, it’s become nigh impossible for local firms and boards to get to grips what’s necessary and valuable when it comes climate risk, sustainability and ESG reporting. This session will outline the approach of the implied temperature rise of assets and how this aligns with global TCFD requirements. It will also provide a frank exposition of regulatory requirements for Guernsey fiduciaries’, funds’ and captives’ Boards ahead of the first deadline for conforming with the new GFSC Code of Code Governance requirements.
Thursday 22nd September – The unsustainable cost of the EU’s sustainable finance regulations
This is a fringe event for Guernsey Finance’s Sustainable Finance Week, led by Dr Andy Sloan via the International Sustainability Institute Channel Islands (ISICI). Please see here if you would like to reserve a space: https://www.weareguernsey.com/finance-events/2022/sustainable-finance-week-2022/fringe-events/
ISICI estimates demonstrate that the EU’s regulatory approach to sustainable finance will cost the industry €20bn per annum, some €2.5trn in the run up to 2050. Capital better deployed fighting climate change. Our view is that streamlining of global regulatory reporting to fewer variables is more effective and the route to reduced bureaucracy and cost. The session will present the economic case in favour of a streamlined regulatory approach based on TCFD to help increasing the flow of capital to climate mitigation.
Friday 23rd September – Chamber is hosting the Clean Earth Trust
Chamber will be hosting the Clean Earth Trust for a lunchtime session. Details TBA.