The voluntary code focuses on promoting transparency, good governance, management of conflicts of interest, and strengthening systems and controls in the sector
The report, published by London think tank Positive Money, calls for a revision of the companies included in the Bank of England’s collateral framework
28 February 2024South Africa Reporter: Carmella Haswell
At this year’s South African Íø±¬³Ô¹Ï Lending Association conference in Cape Town, market participants gathered to discuss how ESG is impacting the financial markets
The Global Principles for Sustainable Íø±¬³Ô¹Ï Lending indicated that RISCMTP-Notes could play a ‘positive role’ in delivering strong sustainability outcomes in securities and collateral transactions
This draft voluntary code responds to demands for tighter scrutiny of ESG ratings and data products, recognising the importance that ratings agents and data providers are playing in supporting sustainable investment
The product will provide screening of securities collateral against climate metrics supplied by Deutsche Börse subsidiary ISS, while also evaluating sustainability credentials of counterparties
The initiative reflects GASLA’s commitment to provide market participants with a practical framework for evaluating securities lending in the context of financial institutions’ ESG policies
The documents have been designed to allow parties to accept a wide pool of VCCs for delivery and support trading of carbon credits across carbon standards and registries
ESMA, EBA and EIOPA have launched a call for information closing on 10 January, recognising that a better understanding of greenwashing practices will help to inform policy making and strengthen sustainability-related claims in financial services