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The Global Principles for Sustainable Securities Lending (Global PSSL) has introduced a new research centre, The Research Opportunities for Sustainable Economy (ROSE) Centre.
The Centre will pursue research partnerships with organisations to harness the benefits of industry experience and multidisciplinary research.
Representatives from PGGM, Planet Tracker and Quintessential Capital Management LLC have already agreed to work with the ROSE Centre.
Peer review will sit at the heart of the Centre and draw on the expertise of these partners, Global PSSL Signatories, the College of Advisors and other stakeholders.
Reviews will be sourced from the group’s advisors, Patricia Sharman of CACEIS, Anne Stevenson-Yang of J Capital Research USA LLC and professor Julia Black of the London School of Economics and Political Science, as well as other international organisations.
Radek Stech, founding sponsor of The ROSE Centre and Global PSSL CEO, comments: “What has distinguished Global PSSL as a standard setting body is how we further the ESG debate and practice by combining fresh ideas from multidisciplinary research with seasoned industry experience.
“The ROSE Centre will take this work to a next level by bringing more light to the whole securities lending value chain. This increased open debate represents another piece of the virtuous circle that is necessary for sustainable and transparent finance.”
Gabriel Grego, the CIO of Quintessential Capital Management LLC, adds: “Global PSSL is shaping up to be an authentic game-changing model. By subjecting all research to peer review before informing workstreams, The ROSE Centre will ensure impartiality and thwart the unethical behaviour occasionally demonstrated by some stakeholders.”
Roelof van der Struik, investment manager at PGGM and chair of the Global PSSL global engagement, governance and stewardship workstream, explains: “There is certainly room for improvement when it comes to informed opinions in the securities finance and lending world. Driven by research and rigorous peer review, The ROSE Centre will supply relevant and useful input to the Global PSSL workstreams. This will lead the way to meaningful and widely accepted changes to the whole securities lending ecosystem.”
