Finance Isle of Man publishes 'Sustainable Finance Roadmap'

Sets out aims to grow industry over next two years

Finance Isle of Man, an agency within the Department for Enterprise, has unveiled a Sustainable Finance roadmap for the next two years.

It sets out areas of opportunity for financial services businesses on the Island to develop new product and service lines to meet what it says is 'rapidly increasing global demand' for sustainable investments. 

The document includes a ten-point action plan which includes targets to tackle greenwashing, improve transparency and boost job opportunities in the sustainability sector.

Enterprise Minister Tim Johnston says: 'I am pleased to see the Sustainable Finance Roadmap published today, which sets out a way forward for the Island to become a global leader in Sustainable Finance. The document has a core focus on talent development and channelling investment toward net-zero and nature-positive goals, and has been created in collaboration with industry leaders. I hope the Roadmap will be received by the sector and wider business community as a useful tool to help them navigate this rapidly evolving global market.

'The Economic Strategy identified that financial services forms one of the core key areas of the economy which needs to be protected. The Sustainable Finance initiative not only supports the Island’s economy by retaining and supporting a highly skilled workforce, but also has the clear potential to support progress towards the environmental and social sustainability goals of many businesses, and indeed the entire Island.'

Manx Radio has been speaking to Michael Crowe, CEO of Finance Isle of Man and Greg Easton, Chair of the Sustainable Finance Steering Group, and Paul Blake, Head of Banking & Fiduciaries at Finance Isle of Man:

You can find the Sustainable Finance Roadmap here.