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Consultation paper on a new ESG disclosure standard

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Aug 20, 2020

The CFA Institute, a global association of investment professionals, is developing a voluntary, global industry standard to provide greater product transparency and comparability for investors by enabling asset managers to clearly communicate the ESG-related features of their investment products.

In that context the CFA Institute published a consultation paper that defines ESG-related features as components or capabilities of investment products that can be combined in different ways to meet different investor needs. It identifies the following six ESG-related features:

  • ESG integration;
  • ESG-related exclusions;
  • Best-in-class;
  • ESG-related thematic focus;
  • Impact objective; and
  • Proxy voting, engagement and stewardship.

The features are expected to serve as a backbone of the standard in that they are a mechanism to connect investor needs and disclosure requirements.

The CFA Institute seeks input on the consultation paper from the wider investment community to help shape an exposure draft, which is expected to be released in May 2021.

Responses on the consultation paper are requested by October 19, 2020.

Review the paper, a response form for providing comments, and volunteer opportunities in connection with developing the new standard on the CFA Institute's website.

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