Jersey for Good – A Sustainable Future
4 March 2021
Jersey has a responsibility to leverage its expertise and capital to support the transition to an environmentally and socially sustainable global economy.
Trends Driving Sustainable Finance
Estimates of our total impact on nature suggest that we would require 1.6 earths to maintain the world’s current living standards.
We need to reduce financial flows that directly harm and deplete natural assets.The Economics of Biodiversity: The Dasgupta Review 2021
US$30.7 trillion
In sustainable investment AUM in major markets at the start of 2018. An increase of 34% since 2016. According to Global Sustainable Investment Alliance’s (GSIA’s) Review 2018.
1 in every 3 US dollars
Currently invested takes account of ESG factors. According to the Forum for Sustainable and Responsible Investment (2020).
ESG assets predicted to exceed
US$100 trillion by 2028 and US$150 trillion by 2034. According to Deutsche Bank and GSIA.
27% of High Net Worth Individuals
And 40% of Ultra High Net Worth Individuals express an interest in sustainable investment products. According to Capgemini World Wealth Report 2020.
The Business Case for Action
Key Recommendations
A Collective Vision for Our Industry
By 2030, Jersey will be recognised by its clients, key stakeholders and other partners as the leading sustainable international finance centre in the markets it serves.Our Vision
1. Gain trust
2. Be ambitious
3. Think long term
4. Encourage ESG integration
5. Get ahead of the wave
6. Innovate action
Achieving our 2030 Vision
Governance and reporting structure
We’ll put in place a steering group that brings together the key stakeholders and allows for effective collaboration in delivering our Vision.
Review and adaptation
Sustainable finance is a rapidly evolving space, so it’s likely that our strategy will need to be reviewed and extended after two years.
Detailed planning
In the first quarter of 2021, we’ll develop a full implementation schedule to deliver the actions in the two-year Pathway to Success, including an analysis of the potential risks to our strategy and a plan to mitigate them.
Measuring and demonstrating success
To build understanding of Jersey’s credibility in the sustainable finance market, a series of industry-specific metrics will be aligned to the two-year Pathway to Success. We’ll report on these metrics annually, giving our stakeholders a clear view of the progress we’re making towards our 2030 Vision.
Closing Remarks
