The Jersey Financial Services Commission (FSC) has launched a consultation on proposed changes to the Codes of Practice and Notes as part of Jersey’s Sustainable Finance Action Plan.

The consultation aims to support the creation of a framework that ‘unlocks the opportunities’ of sustainable finance, while helping firms manage risk.

It relates to two of the Jersey FSC’s lead actions as part of the action plan (sustainability risk and business integrity risk) and the potential impact of the proposals.

The Jersey FSC said it was committed to taking forward a third action, which relates to the adoption of corporate sustainability disclosures (CSD) in Jersey.

However, the adoption of CSD was not being considered as part of this latest consultation as the commission reflects on international developments, stakeholder information, and its Q1 2025 CSD survey, and as it engages with entities potentially in scope of CSD.

In the consultation, the Jersey FSC proposed ways of embedding sustainability risk management obligations via the Codes of Practice and Notes, and adding to and expanding its existing anti-greenwashing measures.

It proposed a one-year transition period starting in Q1 2026, with the revised Codes of Practice to become effective from Q1 2027.

Alongside this transition period, the commission will engage in awareness-raising activities and, where appropriate, develop guidance for industry, alongside the government of Jersey and Jersey Finance Limited over the next 18 months.

The Jersey FSC will publish a feedback paper for the consultation in the third quarter of 2025.

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