The Guernsey Financial Services Commission published a feedback statement following its consultation on measures intended to clarify sustainability-related practices in the Bailiwick’s financial sector, confirming a new anti-greenwashing guidance note and updates to the Finance Sector Code of Corporate Governance. The anti-greenwashing guidance clarifies existing obligations under the Minimum Criteria for Licensing, requiring all licensed entities to ensure that any references to environmental sustainability characteristics in communications are fair, clear and not misleading, and consistent with the actual attributes of the product or service. The Code of Corporate Governance changes expand the existing expectation for boards to consider climate-related risks by extending it to broader environmental sustainability risks, including climate change and biodiversity. The new Guidance Note and amendments to the Code enter into force on 1 February 2026.
Guernsey Financial Services Commission 2025-12-09
Guernsey Financial Services Commission confirms anti-greenwashing guidance and corporate governance code update effective 1 February 2026
The Guernsey Financial Services Commission released a feedback statement confirming new anti-greenwashing guidance and updates to the Finance Sector Code of Corporate Governance. The guidance mandates licensed entities to ensure environmental sustainability claims are fair and not misleading, while the Code now requires boards to consider broader environmental sustainability risks. These changes take effect on 1 February 2026.