It's issued new guidance for businesses
The Financial Services Authority is taking action to raise awareness in the regulated sector of climate and nature loss jeopardy, and provide clarity around its expectations of businesses in respect of such risks.
New guidance aims to provide high level understanding among firms that identify a material risk.
The FSA says its workstreams are focussed on creating a platform that enables firms to develop products and services with a view tov fostering the growth of sustainable finance as part of a well-regulated international business centre.
The work is described as a significant step in the Authority's work to support the the ambitions highlighted in the Isle of Man Sustainable Finance Roadmap.
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