The U.K.-based Global Principles for Sustainable Securities Lending Community Interest Co., an organization which promotes sustainability in securities lending, announced Thursday the establishment of its Asset Owner Council.
The council aims to enhance transparency, good governance and sustainability in securities lending, according to the announcement.
“I am delighted that the Asset Owners Council is live as part of the Global PSSL family as we are all committed to increasing transparency and stakeholders’ understanding of the whole value chain,” said Radek Stech, founder and CEO of Global PSSL, in a statement.
Founding members of the Asset Owners Council include the National Employment Savings Trust, which chairs the council, the Merseyside Pension Fund and Dutch fund manager PGGM.
“Nest is looking forward to chairing GPSSL’s new Asset Owners Council,” said Diandra Soobiah, Nest’s director of responsible investment, in a statement. “This initiative represents a significant step towards integrating sustainability, transparency and accountability into the securities lending markets in the interests of asset owners.”
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Tags: Asset Owners Council, Diandra Soobiah, Global Principles for Sustainable Securities Lending Community Interest Company, Global PSSL, Radek Stech