After a split, two groups recently launched separate ESG-focused guidance on securities lending, while the US SEC plans to make the practice less opaque and help assess its effect on shareholder voting. Investors hope the moves will make the business more sustainable and transparent.
It is, then, none too soon that credible standards have been developed for the industry. Enter the Global Principles for Sustainable Securities Lending (GPSSL) and the largely bank-backed Global Alliance of Securities Lending Associations (Gasla), launched in September and November, respectively.
The full article is available at https://capitalmonitor.ai/asset-class/equity/new-esg-standards-on-securities-lending-welcomed-after-falling-out/