The trade body brings on one of the world’s most vocal proponents for ESG standards, providing a significant backer to the group’s ESG agenda.
A study from EY and PASLA found 89% of its members believe securities lending is compatible with ESG principles.
The global spread of coronavirus and subsequent company responses could come under the spotlight for investors' ESG strategies.
Securities lending experts argue beneficial owners are taking greater ownership over their governance responsibilities and applying these principles to securities lending programmes.
New ESG capabilities to support institutional investors’ governance, risk management and regulatory reporting through analytics.
Recent expansions by retail brokers to facilitate securities lending programmes could further expand the market for institutional players.
The stance from three of the world's largest pension funds could spark an opportunity for service providers to help other asset owners more effectively incorporate ESG factors into investing.
Nearly half of pension fund managers surveyed by CACEIS felt there were not properly equipped to monitor their ESG activities to a high standard.
ESG has been a growing focus for BNP Paribas, which has been one of the leading voices in the securities services industry to advocating the concept.