Governments and organisations around the world have identified Sustainable Finance as a vital mechanism for meeting environmental, social and governance (ESG) targets. Broadly, Sustainable Finance is the process of taking ESG considerations into account when making investment decisions in the financial sector, leading to more long-term investments in sustainable economic activities and projects.
Market analysts unanimously project a huge global flow of capital into Sustainable Financial products. The Isle of Man and its financial services providers and consumers could be significant beneficiaries of this opportunity.
The Isle of Man has an overarching vision to build a secure, vibrant and sustainable future for our Island nation, as outlined in Our Island Plan. An important aspect of the Island’s Economic Strategy is to embrace sustainability and integrate this thinking into our economic activity and international business propositions. A robust Sustainable Finance ecosystem will be a key pillar in achieving that goal.