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Relevant
Helps investors, consultants, advisors, and distributors better understand, compare, and evaluate investment products and diminishes the potential for “greenwashing.”
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Flexible
Designed to accommodate the full range of investment vehicles, asset classes, and ESG approaches offered in markets around the world.
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Complementary
Addresses current gaps in regulation and helps harmonize disclosure practices in different markets.
Standards and Interpretive Guidance
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Global ESG Disclosure Standards for Investment Products (PDF)Read the Standards.
Global ESG Disclosure Standards for Investment Products Errata – June 2022Translated versions of the Global ESG Disclosure Standards for Investment Products:
Chinese
Japanese
Thai
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Global ESG Disclosure Standards for Investment Products Handbook (PDF)Read the Handbook.
Order the Handbook, which includes the Standards, on Amazon.
Global ESG Disclosure Standards for Investment Products Handbook - Errata June 2022
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Examination Procedures (PDF)Read the Examination Procedures. These procedures will enable independent examination of ESG disclosure statements.
Order the Examination Procedures on Amazon.
Read Adopting Release.
Tools and Resources
The following documents were created to help investment managers understand and implement the Global ESG Disclosure Standards for Investment Products.
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FAQs (PDF)Answers to your frequently asked questions.
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Help DeskQuestions? Email us.
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Sustainable Finance Disclosure Regulation (SFDR) Comparison (PDF)Read the document.
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Canadian Securities Administrators (CSA) Staff Notice 81-334 Comparison (PDF)
Read the document.
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Securities and Futures Commission (SFC) Hong Kong 29 June 2021 Circular Comparison (PDF)
Read the document.
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ESG Disclosure Statement Template
An optional template that will standardize the format of ESG Disclosure Statements for easier comparison investment products. View the EDS Template Instructions here.
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Guide for Creating an ESG Disclosure Standards Policies and Procedures Manual (PDF)
Read the document.
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ESG Disclosure Standards Compliance Notification FormOrganizations that prepare and make available one or more ESG Disclosure Statements in accordance with the Standards must notify CFA Institute of their use of the Global ESG Disclosure Standards for Investment Products.
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Firms Using the Global ESG Disclosure Standards for Investment Products
View organizations that have prepared one or more ESG Disclosure Statements
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ESG Disclosure Standards Brochure - for Firms (PDF)
Read the document.
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ESG Disclosure Standards Brochure - for Investors and Intermediaries (PDF)
Read the document.
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The Standard-Setting ProcessLearn how the Standards were developed and view the Consultation Paper, the Exposure Draft, comment letters, and the Adopting Release.
Watch the Webinar
Introducing the Global ESG Disclosure Standards for Investment Products
On 1 November 2021, CFA Institute issued the first voluntary global standards for disclosing how ESG issues are considered in an investment product’s objectives, investment process, and stewardship activities. This webinar provides an overview of the Standards.
Topics include:
- Purpose and Scope
- Benefits
- Overview of Requirements and Recommendations
- Compliance and Independent Assurance
- Relationship to Regulations and Other Codes and Standards
View the slides and listen to the recording of this webinar.
