The ISLA Council for Sustainable Finance (ICSF) was established on 15 January 2020, following sixteen months of intensive and rigorous preparations led by committed beneficial owners.
ICSF aims to introduce wide-ranging solutions for sustainable securities lending through the introduction of its Principles for Sustainable Securities Lending (PSSL), an innovative benchmark in sustainable securities lending developed over the past two years by a high-level working group representing beneficial owners, in association with ISLA.
The Principles have been developed through a rigorous, evidence-based and tested process that examined several policy options (a process that was used in sustainable development legislation for the devolved UK Government). Having given considerable thought to these policy choices, the Group decided on measured and balanced PSSL that offer leeway for future development. The Group is pleased to be opening up a serious and consistent global debates on sustainable securities lending.