Memo #
31721

ESG Task Force Call on Thursday, 25 April

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[31721]

April 18, 2019 TO: Global ESG Task Force RE: ESG Task Force Call on Thursday, 25 April

 

We will have our next call on Thursday, 25 April from 11-12 p.m. EST (4-5 p.m. GMT) to discuss various ESG-related global policy developments and next steps. ESMA is scheduled to provide technical advice to the Commission by the end of April on potential amendments to delegated acts under the UCITS Directive and AIFMD, so hopefully we will be able to discuss that technical advice as well. I will circulate a more detailed agenda in advance of the call. 

Dial-in Information

  • Dial-in:
    • US (toll-free): 888-323-6172
    • London (toll-free): 0808-238-6021
    • Other international (toll): 1-517-645-6048 
  • Passcode: 6598592 

Preliminary Agenda

  • European developments
    • [ESMA’s technical advice to the Commission on explicitly requiring ESG integration in the UCITS Directive and AIFMD]
    • Status of EU legislative files on sustainable finance
      • Disclosure Regulation finalized
      • Taxonomy Regulation negotiations completed in Parliament, still ongoing in Council
    • EU work to create an Ecolabel for financial products
    • FCA consultation on pension providers’ ESG policies
  • US developments
    • Executive Order directing DOL to review retirement plan investing in energy sector and proxy voting guidance
    • Recent Senate Banking Committee hearing on ESG and proxy voting
    • Postponed House Financial Services Committee hearing on public company disclosure of ESG info
  • Hong Kong developments
    • HK SFC disclosure guidance for ESG-focused funds and upcoming asset manager survey
  • Global developments
    • Central bankers’ report on climate change as a source of financial risk

 

Linda M. French
Assistant Chief Counsel, ICI Global