On April 14 the European Sustainable Investment Forum released a call to the European Commission to adopt disclosure rules of environmental, social, and governance issues, according to Global Proxy Watch.
The group made recommendations also backed by the U.S. effort: Walden Asset Management, the U.S. Social Investment Forum, and Ceres. These include requiring companies to use key performance indicators for ESG factors, including sector-specific ones.
Eurosif wants institutional investors held accountable by requiring them to adopt a mandatory statement of investment principles.
Not an easy task, Eurosif also wants shareholders to retain voting rights when they lend shares. It also wants custodians to give issuers up-to-date lists of all shareholders—a tough sell.