Regulatory Alerts2025-05-08
Discussion Paper - The Future of Sustainability Reporting in the Bailiwick of Guernsey (July 2024)
The Guernsey Financial Services Commission issued this discussion paper to explore the Bailiwick's approach to adopting international sustainability reporting standards, specifically the ISSB's IFRS S1 and S2. The document analyzes global regulatory developments, including frameworks from the UK, EU, and US, while assessing the impact of these standards on local financial institutions and their governance structures. It seeks stakeholder feedback by October 2024 on how Guernsey should implement these requirements to ensure market efficiency and transparency without undue bureaucracy.
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