Global ESG Content

This memorandum summarizes the most significant aspects of the updated implementation guidance published by the Financial Stability Board's Task Force on Climate-related Financial Disclosures ("TCFD").

On November 1, 2021, the CFA Institute published its voluntary "Global ESG Disclosure Standards for Investment Products" (Standards), which it states is designed to enable investors, consultants, advisors, and distributors to better understand, compare, and evaluate ESG investment...

Summarized briefly below are several recent ESG-related developments that we bring to your attention. A brief description with links to the relevant documents are provided below. We will provide more fulsome memoranda describing these developments in the near future.

Last week, SEC Chair Gensler delivered brief remarks before the Financial Stability Oversight Council, highlighting the Commission's work on drafting proposals on public company and fund climate risk-related disclosure.

ICI's Board of Governors unanimously approved a statement on "Financing the Transition to Net Zero," identifying specific actions the industry can take to facilitate the economic transition to net zero emissions and meet investors' objectives.

This memorandum catalogues significant ESG related developments that have occurred since the beginning of August. It references ICI memoranda that provide a more fulsome description of each matter. You can find all of these memoranda on our website in our ESG Resource Center.

On 6 July 2021, the European Commission published a package of revised sustainable finance strategy measures. This package included a proposed Regulation laying the foundation for a common framework of rules regarding the use of the designation 'European green bond' or 'EuGB' for...

ICI submitted a response to the CFA Institute's Exposure Draft of Verification Procedures for CFA Institute ESG Disclosure Standards for Investment Products (Verification Procedures Exposure Draft). The attached document provides ICI's response to questions raised in the Exposure...

ICI Global submitted a response (attached) on the IOSCO's "Environmental, Social and Governance (ESG) Ratings and Data Product Providers Consultation Report" (July 2021), in which we supported most of the report's recommendations and made some suggestions, particularly regarding...