Insight Investment, a global asset and risk manager, has become the latest manager to seek a Guernsey Green Fund designation for one of its funds.
Insight received a Guernsey Green Fund accreditation for its farmland fund, the Global Farmland Fund Limited (GFF), which invests in farming projects worldwide.
Dr Andy Sloan, chairman of Guernsey Green Finance, the body created to develop green and sustainable finance in the island, said: "Insight Investment incorporates responsible investment considerations throughout its farmland investment process. Its support for the Guernsey Green Fund standard bodes well for our ambition to create the ‘de facto' benchmark for investors in this space."
The GFF is actively managed, closed-ended, and Guernsey-domiciled. It closed to new commitments in February 2013.
Dominic Wheatley, chief executive of Guernsey Finance, promotional agency for the island's financial services industry, said: "We very much welcome Insight Investment and the GFF as our second Guernsey Green Fund.
"We know that a number of other managers are looking at a Guernsey Green Fund designation. They understand what our ‘kitemark' means for investors who are looking for authority and certainty in sustainable investment, and are learning of the benefits that it can have for fundraising. We look forward to more funds pursuing this accreditation in 2019."
The Guernsey Green Fund designation was developed in July 2018 by the Guernsey Financial Services Commission, the island's financial services regulator, to provide a means of identifying investment vehicles which meet its eligibility criteria for green investing.