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New Guernsey Finance report highlights impact investment

Business | Published:

A NEW ‘white paper’ highlighting the merits and opportunities for impact investing in international finance centres such as Guernsey has been published by Guernsey Finance.

The island is home to a rising number of impact investment businesses and funds investing in sustainable activities including forestry and Guernsey Finance's new white paper indicates potential for more of this activity.

The report is based on interviews with managers, investors, law firms and industry experts and explores some of the regulatory and investor-led drivers behind impact investing. The asset class is projected to account for 1%, or $2trillion, of globally-invested capital by 2025, opening up opportunities for major financial centres to support such strategies.

Impact investment is taking off within mainstream global finance and in the island, where a number of initiatives have been progressed.

Kate Clouston, deputy chief executive of Guernsey Finance and a member of the industry group Impact Guernsey, said the white paper helped to underline the island’s position in relation to the emerging asset class.

‘Any international financial centre looking to build a track record in this space has to be forward-thinking and flexible in its approach, and this must be underpinned by strong but amenable regulatory oversight which permits innovation to take hold but displays robust consumer protection and follows best practices and standards.'

Full story in today's Guernsey Press

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