The Guernsey Financial Services Commission has registered the island’s first Natural Capital Fund, applying its Natural Capital Fund regime as a regulated designation for investment schemes that make a positive contribution to the natural world or significantly reduce harm to nature. The regime sits within the Guernsey Sustainable Funds framework alongside the Guernsey Green Fund designation, which has around GBP 4.5 billion of assets under management. The newly registered fund will invest in large-scale habitat creation and ecological restoration projects known as habitat banks, which support compliance with England’s 2024 biodiversity net gain regulations. The Commission positioned the Natural Capital Fund regime as a pragmatic framework intended to make it easier for investors to contribute towards the Kunming-Montreal Global Diversity Framework vision of living in harmony with nature.