CFA Institute Releases Global ESG Disclosure Standards for Investment Products
New Standards mark the first global voluntary standards for disclosing how investment products consider ESG issues in objectives, investment strategy, and stewardship
The release follows an industry-wide consultation to create Standards that are based on the principles of fair representation and full disclosure of environmental, social, and governance issues within the objectives, investment process, and stewardship activities of investment products. The Standards apply to all types of investment vehicles, asset classes, and ESG approaches, and aim to support investors with information that is complete, reliable, consistent, clear, and accessible.
Additional materials to be released in early 2022 include procedures for independent assurance of investment product ESG disclosures, a handbook that explains the provisions of the Standards and that provides interpretative guidance, and an optional template for ESG Disclosure Statements to facilitate easier comparison between products.
Source: https://www.cfainstitute.org/en/ethics-standards/codes/esg-standards & https://www.prnewswire.com/news-releases/cfa-institute-releases-global-esg-disclosure-standards-for-investment-products-301411988.html