Global PSSL establishes Asset Owners Council
31 October 2024 UK
Image: John_Corry/stock.adobe.com
Global Principles for Sustainable 麻豆传媒 Lending Community Interest Company (Global PSSL CIC) has established the Asset Owners Council to enhance transparency, governance, and sustainability in securities lending.
Asset owners are forming the new council structure that will have Active Briefing Culture to increase transparency, clarity, and efficiency throughout the securities lending value chain.
Radek Stech, CEO and founder of Global PSSL CIC, says: 鈥淲e are all committed to increasing transparency and stakeholders鈥� understanding of the whole value chain, and I am glad that our 3P Transparency tool and new Active Briefing Culture serve as governance mechanisms on the journey to achieving that goal.鈥�
Chaired by the National Employment Savings Trust (Nest), the Asset Owners Council includes Merseyside Pension Fund and PGGM as founding organisations.
鈥淭his aims to stem the rise in legal and regulatory cases relating to securities lending in recent years,鈥� Stech adds.
Diandra Soobiah, director of responsible investment at Nest, comments: 鈥淭his initiative represents a significant step towards integrating sustainability, transparency, and accountability into the securities lending markets in the interests of asset owners.
鈥淲e hope the council will serve as an influential voice in Global PSSL, and the wider value chain, to improve the functioning of the market globally.鈥�
Global PSSL CIC has recently partnered with the Confide Platform to revolutionise internal accountability and governance within sustainable finance.
Asset owners are forming the new council structure that will have Active Briefing Culture to increase transparency, clarity, and efficiency throughout the securities lending value chain.
Radek Stech, CEO and founder of Global PSSL CIC, says: 鈥淲e are all committed to increasing transparency and stakeholders鈥� understanding of the whole value chain, and I am glad that our 3P Transparency tool and new Active Briefing Culture serve as governance mechanisms on the journey to achieving that goal.鈥�
Chaired by the National Employment Savings Trust (Nest), the Asset Owners Council includes Merseyside Pension Fund and PGGM as founding organisations.
鈥淭his aims to stem the rise in legal and regulatory cases relating to securities lending in recent years,鈥� Stech adds.
Diandra Soobiah, director of responsible investment at Nest, comments: 鈥淭his initiative represents a significant step towards integrating sustainability, transparency, and accountability into the securities lending markets in the interests of asset owners.
鈥淲e hope the council will serve as an influential voice in Global PSSL, and the wider value chain, to improve the functioning of the market globally.鈥�
Global PSSL CIC has recently partnered with the Confide Platform to revolutionise internal accountability and governance within sustainable finance.
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