Global PSSL CIC Publishes Annual Action Plan and moves towards implementation
[Cardiff, 14 March 2025] As part of its ongoing commitment to transparency, Global Principles for Sustainable Securities Lending (Global PSSL CIC), has published the Annual Action Plan for 2025 on its website. Following an update on this in February, the Plan underwent a consultation period involving internal and external stakeholders.
Global PSSL has also introduced a new policy on Memoranda of Gratitude to acknowledge the efforts undertaken by organisations in furthering the positive work we do for transparent and sustainable markets. These memoranda will help us keep track of key developments and help clarify our ongoing impact.
The first three memoranda of gratitude, recognising contributions from the Nest Corporation, Sumitomo Mitsui Trust Bank, Ltd, and a senior official at The Bank of Italy, are available on our website here.
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About Global PSSL
Global Principles for Sustainable Securities Lending (Global PSSL) is the fundamental global mechanism for aligning securities lending with transparency and sustainable finance. It has been co-created by Dr Radek Stech, prominent asset owners, asset managers, sovereign wealth funds, banks, hedge funds other stakeholders committed to positive change since 2018. Global PSSL has received 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 in addition to some financial assistance from some industry stakeholders. 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 (the official partner on the grant). In order to preserve its impartiality, the Global PSSL framework is based within its own independent community interest company.
