Guernsey Finance launches green PE principles

The principles are written from a GP perspective, the firm said in a statement, but are also applicable to LPs. They are based on a two-pillar framework, defined as "(1) process, comprised of governance, culture and transparency; (2) portfolio, covering risk assessment, assets, taxonomy, measurement, and reporting".

The commitments have four key principles. The first principle commits boards to ensuring that climate change is given consideration at every investment stage, ranging from fundraising to exit.

The second principle sets out that green financial instruments should be aligned to the investment process with the goal of mitigating climate change. These include green bonds, asset-backed securities, investment funds and insurance.

Thirdly, boards must promote a culture of reporting findings and outcomes of climate mitigation achievements against international standards and to the relevant stakeholders.

Lastly, signatories must ensure that staff, stakeholders and the companies in which they invest are educated on climate change, as well as the carbon footprint of investments and how to mitigate this through sustainable investments.

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