The Commission updates its Natural Capital Fund framework to reflect agreement at COP 15

In September 2022, the Guernsey Financial Services Commission launched its Natural Capital Fund framework, as part of the growing Guernsey Sustainable Funds Regime. In December 2022, at COP 15, governments from around the world came together to agree on a new set of goals to guide global action by 2030 to halt and reverse nature loss.[1]

To ensure that the Natural Capital Fund framework reflects the international agreement between 188 governments, the Commission has updated the framework to reference the Kunming-Montreal Convention on Biodiversity Global Biodiversity Framework. The newly agreed framework centres on the goal of “30 by 30” – a target to achieve the effective conservation and management of at least 30 per cent of the world’s land, coastal areas and oceans as well as the restoration of 30 per cent of terrestrial and marine ecosystems by 2030.

A copy of the updated Rules is available on the Commission’s website.