Investor Letter to IOSCO

Ceres’ Investor Network on Climate Risk (INCR) and the UN-supported Principles for Responsible Investment (PRI), in partnership with the UN Environment Programme Finance Initiative, are facilitating a global investor communication to the Secretariat and Executive Board of IOSCO (the International Organization of Securities Commissions), in order to draw attention to investors’ growing needs for timely, comparable and material disclosure of corporate sustainability information to inform their investment decisions. 

This letter was collaboratively drafted with input from members of the PRI’s Sustainable Stock Exchanges Investor Working Group and INCR’s Investor Initiative for Sustainable Exchanges.

Institutional investors, as well as financial service providers, are invited to sign the letter to IOSCO by 16 September 2014.

The letter highlights the need for IOSCO - working with its regulatory and exchange members - to improve the availability and quality of Environmental, Social and Governance information (ESG) in the marketplace. 

This letter comes at a time when numerous investors and stakeholders are working together to enhance ESG transparency, and when investors are increasingly focused on dialogue with the stock exchange community and governments to improve ESG disclosures by issuers.

The letter aims to catalyze both commitment and focus on ESG reporting during the latter part of this year. In October, the UN will be hosting the Sustainable Stock Exchanges Initiative’s 2014 Global Dialogue event - which provides a platform for investors, companies, regulators and stock exchanges to discuss pathways to more sustainable capital markets. This will be followed by the World Federation of Exchanges' annual meeting in late October, where a white paper on ESG reporting recommendations for the stock exchange community is expected to be unveiled.

As both of these organizations have highlighted the need for regulators to engage in dialogue on this topic, this request from the investment community will send an important signal to IOSCO and others that regulators should be key players in the global work towards improved ESG transparency.

Next Steps

  • Sign the letter - Please send your institution's name, as you would like it listed on the letter, as well as your assets under management (for aggregation purposes only), by 16 September 2014. Reply to Tracey Rembert at Rembert@ceres.org and Danielle Chesebrough at danielle.chesebrough@unpri.org.
  • Share the invitation - Please share this invitation and statement with other investors and networks widely.
  • Please also consider - Attending the Sustainable Stock Exchange’s 2014 Global Dialogue on 14 October in Geneva, as a way to highlight investor support for improvedESG disclosure.

For further information or questions, please contact Tracey Rembert at +1-617-247-0700 x106or Danielle Chesebrough at +1-212-907-1333.