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The Global Principles for Sustainable Securities Lending (Global PSSL) is the fundamental global mechanism for aligning securities lending with sustainable finance.

Launch of the United Nations Pathways for Global PSSL Project

The global securities lending market is undergoing a profound transformation from an existing model to a more sustainable and transparent approach, governed by appropriate checks and balances. This transformation is being driven by the unlocked potential of the whole securities lending value chain, voluntary self-regulation (principles), regulation, and active supervision.

In light of this transformation, Global PSSL is delighted to announce a strategic research bridge project, with the participation of The United Nations (UN) senior experts as external peer reviewers. Pursuant to the authority in the Principle 1 (Alignment) and Principle 9 (Continuous Improvement), Global PSSL will undertake a factual research programme to shed more light on how the Principles sit within The UN Sustainable Development Goals (SDGs) and other dedicated United Nations sustainable finance initiatives.

The United Nations Pathways for Global PSSL project will be chaired by Dr Radek Stech  and facilitated by the Global PSSL Research Opportunities for Sustainable Economy (ROSE) Centre. It will include the following core participants who will act as internal peer reviewers: Financial Decisions, LLC; NEST Corporation; and  Sumitomo Mitsui Trust Bank, Ltd.

The Netherlands Authority for the Financial Markets (AFM) is an observer on this project.

This project has also received financial assistance from the named core participants in addition to significant funding from the Economic and Social Research Council (ESRC), part of UK Research and Innovation, through the Sustainable Finance – Law – Stakeholders (SFLS) Network at Exeter Law School.

The ESRC grant request was designed based on earlier engagement with stakeholders shaping values-based banking, green bonds and sustainable project finance as well as continuous contact, research and discussions with staff from the World Bank.

As Global PSSL continues to grow and increase its influence and impact, we remain welcoming to committed organisations and individual investors who wish to actively support this new project.

Date: 14 June 2022

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