On May 6, the UN Global Compact launched a comment period for publicly traded Global Compact signatories on the Investor Listing Standards Proposal that was submitted to the World Federation of Exchanges on March 26th for exchange comment. This document was feedback from investors around the world on what they’d like exchanges to do on ESG reporting market-wide (which is the big challenge). The UNGC is going to compile company responses into one master document and submit to the exchanges of the WFE for their consideration as they debate recommendations on ESG/sustainability reporting, which are expected to come out in the fall. Company feedback during this process is very important, as you can imagine. If you are a corporate pension member of CII, please take note below and submit comments. I have been told that non-signatory comments will be forwarded separately to the WFE for its consideration—which is still valuable.  If you are a public pension or asset manager, please encourage companies you work with to submit comments as well. An alternative to submitting comments is having a company weigh in directly with the exchange(s) it is traded on. Deadline is June 27th. Details below.

For any questions, you can contact me or go directly to the source, Sarah Bostwick of the UNGC, at bostwick@unglobalcompact.org.

Tracey Rembert