Following sixteen months of intensive and rigorous preparations, the International Securities Lending Association (ISLA) is delighted to announce the formation of the ISLA Council for Sustainable Finance (ICSF).
ICSF, which will celebrate its official launch in Q1 2020 and will have a long term mandate, will be chaired by Dr Radek Stech, Council Chair and founder of the Sustainable Finance – the Law – Stakeholders (SFLS) Network at Exeter Law School and funded by the UK Economic and Social Research Council (ESRC). Both the Council and the Chair will serve an initial term of five years.
ICSF aims to introduce wide-ranging solutions for sustainable securities lending through the introduction of its Principles for Sustainable Securities Lending (PSSL). PSSL is a new voluntary sustainable finance mechanism for securities lending. Numerous beneficial owners, representing pension fund and global asset managers, have initiated these Principles and are committed to their successful implementation. Their objective is to promote and embed Environmental, Social and Governance (ESG), Sustainable Development Goals (SDG), and long-term thinking into securities lending activities.
Read full press release here.