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New principles on transparent public, private and polycentric collaboration in securities finance will be launched as part of a project by Global PSSL for UN Pathways.
The 3P Transparency project is expected to provide a long-term foundation for collaborations and include guidelines for letters of intent, memoranda of understanding and apportionment of financial costs.
It also aligns with the United Nations Secretary General’s call to weed out greenwashing and dishonest behaviour in sustainable finance.
These principles will operate across a transparent and sustainable trillions finance agenda, which aims to enable stakeholders to consciously identify common goals, conflicts of interests and ways of working together through collaborations and partnerships.
The 3P Transparency project is set for release in the first half of 2023, after a research-driven recommendation that was subject to peer review within the Global Principles for Sustainable Securities Lending for United Nations Pathways (Global PSSL UN Pathways) programme.
