It is the manager’s third Guernsey fund, having previously launched a similar UK onshore wind fund and a fund focused on industrial water treatment, waste to energy and resource recovery infrastructure projects.
Transnational initiatives have also been put forward recently in an effort to both harmonise and clarify the nature, breadth and scope of ESG principles and assist multi-governmental efforts aiming to apply them domestically in a coherent manner.
Richard Saunders, Managing Director Channel Islands and UK at Butterfield Bank (Guernsey) Limited, said: “At Butterfield, we are committed to protecting the environment in the communities we call home.
The declaration continued: “We declare that immediate and bold action by the Bahamas, other SIDS, and the international community is required to address this climate crisis.
Under pressure from investors, regulators and climate activists, some big banks have acknowledged the role lenders will need to play in a rapid transition to a low-carbon economy.
Separately, Environmental & Social Impact Monitor (ESIM) is a not-for-profit accreditation service for island businesses, looking to contribute to Guernsey being recognised as a leading centre for green and sustainable business and finance. It rates b