Michael J. Kane kane.michael@epa - Ethics...

Michael J. Kane [email protected]

April 1, 2013

Global Survey of Environmental, Social and Governance Policies of National Governments, International Organizations and Institutional Investors 1

Table of Contents

Introduction - Surveys and Trends - National Finance Development Agencies Promoting ESG Performance - National Securities and Exchange Agencies Promoting ESG Performance - National Stock Exchanges Promoting ESG Performance - National Stock Exchanges with Journalism Programs - National, Regional & Global Social & Environmental Exchanges Promoting ESG Performance - National Agencies Promoting ESG Performance - National Foreign Affairs, Economics and Trade Agencies Promoting ESG Policies - National and other Governmental Agency Pension Funds Promoting ESG Performance - National Parliamentary Organizations Addressing ESG Policies - National, Regional and Global Insurance Organizations Promoting ESG Performance - National, Regional and Global Index Providers Promoting ESG Performance - National and Regional Financial Organizations - Multilateral Development Banks Promoting ESG Performance - International Organizations Promoting ESG Performance - Investor Initiatives Promoting ESG Performance - Investor Initiatives in Corporate Bonds Promoting ESG Performance - Investor Initiatives for Fixed Income Promoting ESG Performance - Banking Organizations Promoting ESG Performance - Bond Markets Promoting ESG Performance - Private Equity Organizations Promoting ESG Performance - Private Exchanges Promoting ESG Performance with Specific Markets - International Financial Organizations - Professional Organizations - National and Global Non-Governmental and Consulting Organizations Promoting ESG Performance - Professional Service Providers - Global and Regional Ratings Programs Promoting ESG policies - Country Reports Promoting ESG policies in Capital Markets - Global and Regional Research Providers - Public Policy Organizations - Academic Programs Promoting ESG Performance 1. My thanks to contributors. This paper is in the public domain.

2 - Key International Organizations for Future Partnerships - Resources for Research and Training - ESG Conferences

******* Introduction

The purpose of this survey is to provide examples of environmental, social and governance (ESG) policies and programs promoted by national governments, international organizations, institutional investors, and related organizations worldwide.

• Surveys and Trends

- SocialFunds.com article re: global ESG disclosure and performance (November 2007) - http://www.socialfunds.com/news/article.cgi/2425.html

- IFC and Mercer release global survey in emerging markets: Gaining Ground:

Integrating ESG factors into investment processes in emerging markets (March 2009) - http://www.socialfunds.com/news/article.cgi/2665.html - http://www.mercer.com/ri - EIRIS report At risk? How companies manage ESG issues at board level (May 2009)

- http://www.eiris.org/

- GovernanceMetrics releases first Country Rankings survey (September 2009) - http://www.gmiratings.com/

- EIRIS report Taking stock: How leading stock exchanges are addressing ESG issues and the role they can play in enhancing ESG disclosure (November 2009) - pdf: http://www.eiris.org/files/research%20publications/StockExchanges&ESGNov09.pdf

- Social Investment Forum’s analyst network releases report on S&P 500 sustainability reporting trends since 2005 (December 2009) - http://www.siran.org/projects_s_and_p_reporting_comparison.php

- the Global Reporting Initiative releases Carrots and Sticks – Promoting Transparency and Sustainability; An update on Trends in Voluntary and Mandatory Approaches to Sustainability Reporting (May 2010)

- pdf: http://www.globalreporting.org/NR/rdonlyres/20F03459-4104-4B6D-AC3C-3C100F307EA2/4198/Carrrots2010final.pdf

- EIRIS report Sustainable Stock Exchanges: improving ESG standards among listed

3 companies (September 2010) - pdf: http://www.eiris.org/files/research%20publications/SustainableStockExchanges2010.pdf - Responsible Research releases report Sustainable Stock Exchanges (September 2010) - http://www.asianesg.com/Responsible_Research___Sustainable_Stock_Exchanges_2010.pdf

- Eurosif’s European SRI Study (October 2010) - http://www.eurosif.org/research/eurosif-sri-study/european-sri-study-2010

- Spencer Stuart US Board Index 2010 (December 2010)

- http://www.spencerstuart.com/research/1454 MSCI’s 2012 ESG Trends to Watch (December 2011) http://www.msci.com/insights/responsible_investing/2012_esg_trends_to_watch.html EIRIS Sustainability Ratings is launched (March 2012) pdf: http://www.eiris.org/files/products/EIRISSustainabilityRatings.pdf Sustainable Stock Exchanges Initiative releases report Sustainable Stock Exchanges: A Report on Progress (March 2012)

http://www.responsibleresearch.com/Sustainable_Stock_Exchanges_2012___Online.pdf http://www.avivainvestors.com/media-centre/2011-archive/xml_027696.html

http://www.unpri.org/sustainablestockexchanges/index.php PwC report on private equity trends: Responsible Investment: Creating Value from Environmental, Social and Governance Issues (March 2012)

http://www.pwc.com/gx/en/sustainability/research-insights/private-equity-survey-sustainability.jhtml UK SIF, Thomson Reuters release Tenth Annual Survey of SRI trends (July 2012) http://www.uksif.org/cmsfiles/press/5390331/Extel_UKSIF_SRI_Awards_2012_FINAL.pdf

Business for Social Responsibility releases report Trends in ESG Integration in Investments (August 2012) https://www.bsr.org/en/our-insights/report-view/trends-in-esg-integration-in-investments Malk Sustainability Partners and the Environmental Defense Fund release report ESG in Private Equity (Fall 2012) http://www.malksp.com/ESG-Private-Equity/

- Eurosif’s SRI Study 2012 (October 2012) - http://www.eurosif.org/research/eurosif-sri-study/item/564-european-sri-study-2012

- EIRIS report Evolving Markets: What’s driving ESG in emerging economies? (October

2012)

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http://www.eiris.org/files/research%20publications/EIRISEmergingMarketsReport2012.pdf

- US SIF’s 2012 report on SRI trends in the US (November 2012) - http://ussif.org/resources/pubs/trends/

- ASrIA’s Asia Sustainable Investment Review 2012 (December 2012) - http://www.asria.org/news/lib/ASrIA-Asia-Sustainable-Investment-Review-2012-

public.pdf

- Eurosif releases new European SRI transparency code (2012)

- Canada’s Social Investment Organization releases report Canadian SRI Review 2012 (January 2013)

- http://www.socialinvestment.ca/sri-review/

• National Finance Development Agencies Promoting ESG Performance

- US Export-Import Bank adopts carbon finance policy (November 2009) - http://www.exim.gov/pressrelease_print.cfm/BC0AA512-EF10-91BF-A6F1508E016C9E5E/

US Export-Import Bank adopts Equator Principles (March 2011)

http://www.exim.gov/pressrelease.cfm/0C634850-ADDD-7BC3-A45EBB7588C57CDF/ Korea Eximbank Green Finance program

http://www.koreaexim.go.kr/en/banking/green.jsp

• National Securities and Exchange Agencies Promoting ESG Performance

- US SEC adopts rule requiring all US exchanges to revise their listing standards to comply with auditing standards in Sarbanes-Oxley Act of 2002 (April 2003)

- http://www.sec.gov/rules/final/33-8220.htm

- US GAO report Environmental Disclosure: SEC Should Explore Ways to Improve Tracking and Transparency of Information (July 2004)

- http://www.gao.gov/products/GAO-04-1019R

US SEC releases Staff Legal Bulletin 14B re: shareholder actions (September 15, 2004) http://www.sec.gov/interps/legal/cfslb14b.htm http://en.wikipedia.org/wiki/Shareholder_resolution

- UK Accounts Modernisation Directive requires environmental reporting (2006)

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- http://www.defra.gov.uk/ - http://www.frc.org.uk/

- China Securities Regulatory Commission releases Administrative Measures for the Disclosure of Information of Listed Companies (January 2007) - http://www.lawinfochina.com/Law/display.asp?id=5926&keyword

- Indonesia adopts Article 74 to require social and environmental responsibility programs for companies related to natural resources (July 2007)

- http://www.ibl.or.id/

- US SEC allows shareholders to file petition with Fidelity Mutual Fund re: human rights and genocide (January 2008)

- http://investorsagainstgenocide.googlepages.com/sec

- China Securities Regulatory Commission releases document requiring environmental assessment with new public securities listings (February 2008)

- http://www.csrc.gov.cn/

- Taiwan Financial Supervisory Commission announces plans to require disclosure of CSR/ESG information for listed companies (December 2008)

- http://www.fscey.gov.tw/ - 2010 update: http://www.twse.com.tw/en/about/press_room/tsec_news_detail.php?id=8212

- Bursa Malaysia, Securities Commission Malaysia and the Minority Shareholder Watchdog Group launch the Corporate Governance Index (June 2009)

- http://www.mswg.org.my/

- US SEC provides for shareholder resolutions on social and environmental matters (October 2009)

- http://www.sec.gov/interps/legal/cfslb14e.htm - US SEC approves enhanced disclosure of risk, compensation, corporate governance and board diversity (December 2009) - http://www.sec.gov/news/press/2009/2009-268.htm

- Ontario Securities Commission releases OSC Corporate Sustainability Reporting Initiative (December 2009)

- http://www.osc.gov.on.ca/documents/en/Securities-Category5/rule_20091218_51-717_mof-rpt.pdf

- US SEC provides guidance on disclosure of climate risk (January 2010)

- http://sec.gov/rules/interp/2010/33-9106.pdf - background: http://www.sec.gov/news/press/2010/2010-15.htm

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- US SEC advisory committee develops workplan to examine ESG matters (February 2010)

- http://www.csrwire.com/csrlive/commentary_detail/1831-SEC-on-ESG-

- US SEC will implement Financial Reform Act of 2010 for corporate disclosure re: conflict minerals (Title XV, Section 1502); mining (Section 1503); resource extraction (Section 1504) (July 2010)

- http://www.sec.gov/spotlight/dodd-frank/dfactivity-upcoming.shtml#0910 - global background: http://reliefweb.int/sites/reliefweb.int/files/resources/Full_Report_130.pdf

- Canadian Securities Administrators releases Environmental Reporting Guidance (October 2010)

- http://www.securities-administrators.ca/aboutcsa.aspx?id=928 - text: http://www.osc.gov.on.ca/en/29620.htm US SEC proposes rule to require disclosure of mine safety violations (January 2011)

http://sec.gov/rules/proposed/2010/33-9164.pdf http://www.socialfunds.com/news/article.cgi/3142.html

US SEC allows shareholders to request vote on genocide policy of JP Morgan Chase (March 2011) http://sec.gov/divisions/corpfin/cf-noaction/14a-8/2011/alicerosenfeld030811-14a8.pdf http://www.csrwire.com/press_releases/31935-Shareholders-of-JPMorgan-Chase-to-Vote-on-Genocide-Free-Investing US SEC requires disclosure of risk from natural gas drilling (hydraulic frackturing) (August 2011)

audio and transcript: http://www.npr.org/2011/08/25/139952857/sec-jumps-into-fight-over-fracking http://www.iccr.org/news/press_releases/2011/pr_frack082511.php US SEC staff summary of ethics compliance and enforcement program (October 2011) http://www.sec.gov/news/speech/2011/spch101711cvd.htm US SEC releases guidance on cybersecurity risk (October 2011) http://www.sec.gov/divisions/corpfin/guidance/cfguidance-topic2.htm India’s Securities and Exchange Board requires Business Responsibility Reports (November 2011) http://www.sebi.gov.in/sebiweb/home/detail/22104/yes/PR-SEBI-Board-meeting US SEC announces new Investor Advisory Committee (April 9, 2012) http://www.sec.gov/news/press/2012/2012-58.htm http://www.sec.gov/spotlight/investor-advisory-committee-2012.shtml

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US SEC adopts rules requiring payment disclosures for resource extraction (August 2012) http://www.sec.gov/news/press/2012/2012-164.htm US SEC adopts rule for disclosing use of conflict minerals (August 2012) http://www.sec.gov/news/press/2012/2012-163.htm US SEC releases notice for corporate disclosure of information related to Iran, Syria (December 2012) http://www.sec.gov/divisions/corpfin/cfannouncements/itr-act2012.htm US SEC allows Boston Common Asset resolution at PNC Bank re: climate risk disclosure (February 2013) http://bostoncommonasset.com/documents/SECPNCFinal2013-02-19.pdf

• National Stock Exchanges Promoting ESG Performance

-Brazil’s BOVESPA launches the Novo Mercado corporate governance program (December 2000)

- report: http://www.gcgf.org/ifcext/cgf.nsf/AttachmentsByTitle/Focus+5/$FILE/Novo+Mercado+text+screen+4-21-08.pdf

- NYSE Euronext membership with the EU’s CSR Europe (Euronext: since 2001)

- http://www.euronext.com/ - NASDAQ OMX Wholeheartedly Proud Policy (first approved by OMX Board in 2002) - pdf: http://ir.nasdaqomx.com/documentdisplay.cfm?DocumentID=3898

- South Africa’s Johannesburg Exchange (since 2004) - http://www.jse.co.za/About-Us/SRI/

- Tokyo Stock Exchange releases Charter of Corporate Behavior (2004)

- http://www.tse.or.jp/english/about/charter/index.html - Shanghai Stock Exchange and Shenzhen Stock Exchange create China Securities Index Co., Ltd to create indices for listed companies (September 2005) - http://www.csindex.com.cn/sseportal_en/csiportal/index.jsp

- Brazil’s Bovespa Corporate Sustainability Index (since December 2005) - http://www.bmfbovespa.com.br/indices/BuscarIndices.aspx?idioma=en-us

- Malaysia’s Bursa Malaysia: CSR Framework for Malaysian PLCs (since 2006)

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- http://www.klse.com.my/

- Israel’s Tel Aviv Stock Exchange with the Maala SRI Index (since 2006) - http://www.tase.co.il/tase/

- http://www.maala.org.il/eng/tools/index/01/default.asp?ContentID=338

- Shenzhen Stock Exchange releases Social Responsibility Instructions for Listed Companies (September 2006)

- http://www.szse.cn/main/en/rulseandregulations/sserules/

- Shanghai Stock Exchange releases Report on Corporate Governance (November 2007) - http://www.sse.com.cn/sseportal/en_us/ps/home.shtml

- National Stock Exchange of India collaboration with S&P, CRISIL on ESG Index

(2007) - http://www.nseindia.com/ (under Indices)

- Australian Securities Exchange Corporate Governance Council Guidelines (Principles 3 and 7) provide for ESG analysis in annual corporate governance statements (August 2007)

- http://www.asx.com.au/about/corporate_governance/index.htm

- Hanover Stock Exchange (Borse Hannover) launches Global Challenges Index with oekom research ratings firm (September 2007)

- http://www.gcindex.com/en/ January 2013 update: http://www.gcindex.com/en/ Thai Stock Exchange releases corporate governance principles document (undated; circa 2008) http://www.set.or.th/en/about/overview/setcg_p2.html

- Shanghai Stock Exchange releases Guideline on Environmental Information Disclosure by Listed Companies (May 2008)

- http://static.sse.com.cn/en_us/cs/about/news/en_news_20080514a.html - Hong Kong Exchange signs Corporate Responsibility Charter and Carbon Reduction Charter (December 2008) - http://www.hkex.com.hk/

- 2010 update: http://www.hkex.com.hk/eng/newsconsul/hkexnews/2010/100316news.htm

- Deutsche Borse Group releases first annual Corporate Responsibility Report (2009)

- http://deutsche-boerse.com/dbag/dispatch/en/kir/gdb_navigation/about_us/12_Corporate_Responsibility/40_Annual_Reports

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- Vienna Stock Exchange launches Responsible Investment Universe Index (January

2009) http://en.indices.cc/indices/details/riu

- Korea Exchange launches Socially Responsible Investment Index in Fall 2009 http://eng.krx.co.kr/m1/m1_4/m1_4_4/m1_4_4_7/UHPENG01004_04_07_01.html

- NYSE Euronext and Asset4 announce partnership to make Asset4 software available to analyze ESG factors at companies listed on NYSE Euronext (May 2009)

- http://www.nyse.com/press/1242727551178.html

- Indonesia Stock Exchange announces plans for the SRI-KEHATI Index (June 2009) - http://www.idx.co.id/ - http://www.sri-kehati.com/

- NASDAQ OMX and CRD Analytics launch Global Sustainability 50 Index (June 2009)

- http://www.crdanalytics.com/nasdaqcrd.php - https://indexes.nasdaqomx.com/data.aspx?IndexSymbol=QCRD&menuIndex=0 - http://ir.nasdaq.com/releasedetail.cfm?ReleaseID=569997

- Warsaw Stock Exchange launches Respect Index (June 2009) - http://www.odpowiedzialni.gpw.pl/

- Shanghai Stock Exchange launches Social Responsibility Index (August 5, 2009)

- http://www.sse.com.cn/sseportal/en_us/ps/home.shtml# - http://www.sse.com.cn/sseportal/en_us/ps/sczn/zstx.jsp

- Istanbul Stock Exchange becomes signatory of UN Principles of Responsible Investment (January 2010)

- http://www.ise.org/Libraries/Duyurular_genel_mektuplar/ISE-UNPRI_Press_Release_21012010.sflb.ashx

- Italian Exchange’s Ethical Finance Program (February 2010)

- http://www.borsaitaliana.it/notizie/finanza-etica/finanza-etica/finanza-etica.htm

- Egyptian Exchange launches ESG Index (March 2010) - http://www.egyptse.com/english/OverviewS-P-EGX.aspx?Nav=7#

- Johannesburg Stock Exchanges requires integrated reporting; creates Integrated Reporting Committee to develop standards (June 2010)

- http://www.jse.co.za/How-To-List/Main-Board/Listing-requirements.aspx - http://www.saica.co.za/tabid/695/itemid/2344/An-integrated-report-is-a-new-requirement-for-list.aspx

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- China’s Hang Seng Index launches Corporate Sustainability Index (July 2010) - http://www.hsi.com.hk/HSI-Net/HSI-Net - http://www.hsi.com.hk/HSI-Net/static/revamp/contents/en/news/pressRelease/20100707e.pdf

- Malaysia’s Bursa Malaysia launches public consultation for listing requirements and corporate disclosure guide to promote ESG policies; ASrIA coordinates participation of its members (August 2010)

- http://www.asria.org/news/press/lib/ASrIA_news_release.pdf

- Istanbul Stock Exchange announces plans for a Sustainability Index (August 2010) - http://www.ise.org/announcements/newsdetail/10-08-10/-4243595552.aspx

Briefing: http://www.isesi.org/ISESI__ENG/About_ISESI_files/ISESI_Project_Brief_Aug.pdf

- World Federation of Exchanges releases Exchanges, ESG and Investment Decisions (September 2010)

- http://www.world-exchanges.org/reports/studies-and-surveys

- NYSE Euronext and APX launch NYSE Blue for environmental and sustainable energy markets (September 2010)

- http://www.nyse.com/press/1283854088885.html - EIRIS report Sustainable Stock Exchanges: improving ESG standards among listed companies (September 2010) - pdf: http://www.eiris.org/files/research%20publications/SustainableStockExchanges2010.pdf - China Securities Index Company (Shanghai and Shenzhen stock exchanges) launches CSI ECPI China ESG 40 Equity Index (September 2010) - http://www.ecpindices.com/ecpi_about_us.asp?IdSEZ=23

- NYSE releases Report of the New York Stock Exchange Commission on Corporate Governance (September 23, 2010)

- http://www.nyse.com/pdfs/CCGReport.pdf

- NASDAQ OMX launches Green Indexes (September 2010) - https://indexes.nasdaqomx.com/green.aspx

- Responsible Research releases report Sustainable Stock Exchanges (September 2010) - http://www.asianesg.com/Responsible_Research___Sustainable_Stock_Exchanges_2010.pdf - Malaysia’s Bursa Malaysia launches Business Sustainability Programme and announces plans for ESG index (November 23, 2010) - http://www.bursamalaysia.com/website/bm/media_centre/media_releases.html#top

- Brazil’s Bovespa publishes book Sustainability in Capital Markets (November 26, 2010)

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- http://www.bmfbovespa.com.br/en-us/home.aspx?idioma=en-us

- Mexico’s Bolsa Mexicana de Valores launches the Mexican Sustainability Index (December 2010)

- http://www.bmv.com.mx/ - http://www.eiris.org/files/press%20releases/Mexicanstockexchange2010.pdf

-Brazil’s Bovespa launches Corporate Governance Trade Index (January 2011)

http://www.bmfbovespa.com.br/indices/ResumoIndice.aspx?Indice=IGCT&Opcao=0&idioma=en-us

-NYSE Euronext launches NYSE Blue (February 2011) -http://www.nyseblue.com/ -Spanish Exchange (BME) becomes member of UN Global Compact (March 2011) http://www.bolsasymercados.es/ing/home.htm -Philippine Stock Exchange convenes dialogue with IFC and others for Makarlika Board with higher corporate governance standards (March 2011) http://www.gcgf.org/ifcext/cgf.nsf/Content/Maharlika_Board_feature -Hong Kong Exchange announces plans for guide to ESG reporting for listed companies, training program for listed companies (April 2011) http://www.hkex.com.hk/eng/newsconsul/hkexnews/2011/110404news.htm -Seven Asian stock exchanges launch ASEAN Exchanges (April 2011) - http://www.aseanexchanges.org/

-SIX Swiss Exchange Sustainability Program (link to annual report 2010; April 2011) http://www.six-group.com/about_sixgroup/corporate_responsibility/sustainability_en.html -Singapore Exchange releases Guide to Sustainability Reporting for Listed Companies (June 2011)

http://rulebook.sgx.com/net_file_store/new_rulebooks/s/g/SGX_Sustainability_Reporting_Guide_and_Policy_Statement_2011.pdf Russia’s RTS Stock Exchange and Moskow School of Management plan to create Russian Sustainability Index (June 2011) http://www.rts.ru/a22504/?nt=120

Shanghai Stock Exchange announces plans to launch Sustainable Development Index on August 22, 2011 (July 2011)

http://www.sse.com.cn/sseportal/webapp/datapresent/EnglishNews Tokyo Stock Exchange and IFC to promote corporate governance in emerging markets

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(August 2011) http://www.gcgf.org/ifcext/cgf.nsf/Content/TSE_MOU

World Federation of Exchanges presents award to Mervyn King (October 2011) video: http://www.world-exchanges.org/node/3419 Six emerging markets exchanges agree to create alliance (October 2011) http://www.ft.com/intl/cms/s/0/550c9024-f4c7-11e0-a286-00144feab49a.html#axzz1afqUJZ1e

Hong Kong Exchange releases paper on its plans for an ESG Guide for listed companies (December 2011) http://www.hkex.com.hk/eng/newsconsul/hkexnews/2011/111209news.htm

http://www.hkex.com.hk/eng/newsconsul/mktconsul/Documents/cp201112.pdf

Mexican Stock Exchange launches Sustainability Index (December 2011) http://www.eiris.org/files/press%20releases/Mexsustindex.pdf

Brazil’s Bovespa asks its listed companies to publish sustainability reports, in partnership with Global Reporting Initiative training (January 2012)

http://www.bmfbovespa.com.br/novo-valor/en-us/index.asp India’s BSE (Bombay Stock Exchange) launches energy index (February 2012) http://www.bseindia.com/about/abindices/Carbon.asp Tokyo Stock Exchange releases new corporate governance rules (February 2012)

http://www.tse.or.jp/english/news/09/b7gje6000000wkw4-att/20120302_a.pdf

Sustainable Stock Exchanges Initiative releases report Sustainable Stock Exchanges: A Report on Progress (March 2012) pdf: http://www.responsibleresearch.com/Sustainable_Stock_Exchanges_2012___Online.pdf Five major stock exchanges agree to promote ESG performance with companies listed on their exchanges: NASDAQ, BM&F Bovespa, Johannesburg, Istanbul and Egypt (June 2012) http://www.unglobalcompact.org/news/244-06-18-2012 Thai Stock Exchange releases social responsibility guidelines for listed company reporting (June 2012)

http://www.csr-asia.com/weekly_detail.php?id=12712 Singapore Exchange and Trucost announce plans for new SGX Environmental Benchmark Insights (June 2012) http://www.asria.org/news/press/1342523575 Hong Kong Exchange releases new ESG guidelines (August 2012) http://www.hkex.com.hk/eng/newsconsul/hkexnews/2012/120831news.htm

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http://www.hkex.com.hk/eng/newsconsul/mktconsul/Documents/cp201112cc.pdf India’s Securities and Exchange Board requires Business Responsibility reporting with ESG information (August 2012)

http://www.sebi.gov.in/cms/sebi_data/attachdocs/1344915990072.pdf

background: http://www.cleanbiz.asia/blogs/clarity-and-momentum-india%E2%80%99s-sustainability-reporting-initiative

London Stock Exchange releases report Corporate Guidance for Main Market and AIM Companies (September 2012)

pdf: http://www.londonstockexchange.com/companies-and-advisors/aim/publications/documents/corpgov.pdf

Tokyo Stock Exchange releases list of companies with ESG disclosure (September 2012) http://www.tse.or.jp/english/news/31/120907_a.html NASDAQ OMX joins UN Global Compact (November 2012) http://ir.nasdaqomx.com/releasedetail.cfm?ReleaseID=723431 India’s new MCX Stock Exchange signs UN Sustainable Stock Exchanges Initiative (November 2012)

pdf: http://www.mcx-sx.com/MCXSXUploads/NewsDocs/PressReleases/2012/November/English/MCX-SX_signs_SSE_initiative.pdf

http://www.mcx-sx.com/ Italian Exchange’s new stewardship code (November 2012) http://www.borsaitaliana.it/borsaitaliana/regolamenti/corporategovernance/annualreport2012.en_pdf.htm BM&F Bovespa releases report The Value of ISE (Corporate Sustainability Index) (November 2012) http://www.bmfbovespa.com.br/indices/download/The-value-of-ISE.pdf NASDAQ OMX, Government of Rwanda, others launch new East Africa Exchange (January 2013) http://www.nasdaq.com/article/nasdaq-omx-chosen-to-power-new-east-africa-exchange-20130123-00727 Thai Stock Exchange releases report and plans for SET Sustainability Index (January 2013) http://thaicsr.blogspot.com/2013/01/thai-bourses-2013-csr-plan-focuses-on.html NYSE Euronext and Vigeo launch ESG indices (March 2013)

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http://www.nyse.com/press/1363687752612.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+NysecomInternationalNewsReleases+(NYSE.com+International+News+Releases)

National Stock Exchanges with Journalism Programs Kyrgyz Stock Exchange Press Club (since mid-1990’s, with support from US AID, Soros Foundation, others) http://press.kse.kg/en/ Thai Publica Online News Agency (2011)

http://thaipublica.org/ translation: http://translate.google.com/#

• National, Regional & Global Social & Environmental Exchanges Promoting ESG Performance

- Brazil’s Environment and Social Investment Exchange (2003) - http://www.bovespasocial.org.br/

Beijing Municipal Government launches the China Beijing Environment Exchange (2008)

http://www.cbeex.com.cn/article/en/

Impact Reporting & Investment Standards (2008) http://iris.thegiin.org/

- Impact Investment Exchange Asia (2009)

- http://www.asiaiix.com/

- Global Social Investment Exchange launches global portal (2009) - http://www.gsix.com/

- Portugal’s Social Stock Exchange (2010)

- http://www.gulbenkian.pt/index.php?section=154&artId=2022&langId=2 - http://www.bvs.org.pt/

UK report Investor Perspectives on Social Enterprise Financing (July 2011)

http://www.cityoflondon.gov.uk/Corporation/LGNL_Services/Business/Business_support_and_advice/Economic_information_and_analysis/Research_publications/ Toronto’s Social Venture Exchange (summer 2011) http://thesvx.org/

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Lancaster (Pennsylvania, USA) Sustainable Enterprise Exchange (2011-12)

http://lancasterstockexchange.org/overview/

• National Agencies Promoting ESG Performance

- China’s State Environmental Protection Administration releases Measures on Open Environmental Information (February 2007; effective May 2008)

- http://www.gov.cn/flfg/2007-04/20/content_589673.htm

- UK Environment Agency report Environmental Disclosures: The Second Major Review of Environmental Reporting in the Annual Report & Accounts of the FTSE All-Share (2007)

- http://www.environment-agency.gov.uk/environmentalfinance -Canada’s Sustainable Finance Programs http://www.ec.gc.ca/cei-iee/default.asp?lang=En&n=2EBDBBF0-1

- Canada’s National Round Table on the Environment and the Economy report Capital Markets and Sustainability: Investing in a Sustainable Future (February 2007) - http://www.nrtee-trnee.ca/eng/publications/capital-markets/index-capital-markets-eng.htm

- Australian Department of Treasury task force recommends ESG policy (June 2007) - http://www.treasury.act.gov.au/

-pdf: http://www.treasury.act.gov.au/documents/ESG%20Review%20Report.pdf

- Sweden’s Ministry of Enterprise, Energy and Communications requires all state-owned companies to follow new guidelines for public reporting (December 3, 2007)

- http://www.sweden.gov.se/sb/d/7329/a/93506

- China’s State-Owned Assets Supervision and Administration Commission releases CSR guidelines for state-owned enterprises (Spring 2008) http://www.sasac.gov.cn/n2963340/n2964712/4891623.html

- India’s Ministry of Corporate Affairs establishes the Indian Institute of Corporate Affairs and the National Foundation for Corporate Governance (2008)

- IICA : http://www.mca.gov.in/Ministry/pdf/IICA.pdf - NFCG: http://www.nfcgindia.org/

- background: http://www.responsible-business.in/content/iica-giz-csr-initiative

- Nordic Countries report: Corporate Governance in the Nordic Countries (April 2009) - http://www.nues.no/filestore/Rapportomnordiskcorporategovernance.pdf - India’s Ministry of Corporate Affairs releases voluntary guidelines on corporate

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governance and on corporate social responsibility (December 2009) - http://www.mca.gov.in/Ministry/latestnews/CSR_Voluntary_Guidelines_24dec2009.pdf

US EPA establishes Environmental Finance Advisory Board (1989) http://www.epa.gov/envirofinance/

- Norwegian Corporate Government Board releases revised Code of Practice for Corporate Governance (October 2010)

- http://www.nues.no/English/The_Norwegian_Code_of_Practice_for_Corporate_Governance/ - http://www.nues.no/Press+release.9UFRjYZd.ips

UK’s FSA releases Code of Practice for external auditor and supervisor (February 2011) http://www.fsa.gov.uk/pages/Library/Policy/guidance_consultations/2011/11_05.shtml

Japan’s Ministry of the Environment releases Principles for Financial Action Towards a Sustainable Society (October 2011)

http://www.env.go.jp/en/headline/headline.php?serial=1660 US Sentencing Commission strengthens sentencing guidelines for convictions regarding securities, human rights, drugs, and other offences (April 2012)

http://www.ussc.gov/Legislative_and_Public_Affairs/Newsroom/Press_Releases/20120413_Press_Release.pdf China’s State-Owned Assets Supervision and Administration Commission releases report 2011 Analysis Report of the CSR Reports of Central Enterprises (May 2012)

Chinese: http://www.sasac.gov.cn/n1180/n13307665/n13307681/n13307825/14452102.html Foretica releases report on state-owned companies (June 2012) http://www.csreurope.org/news.php?type=&action=show_news&news_id=4818 UK Defra releases draft GHG rules for listed companies (July 2012)

http://www.defra.gov.uk/environment/economy/business-efficiency/reporting/

UN Global Compact and Maplecroft launch Working with State-Owned Enterprises (August 2012)

http://human-rights.unglobalcompact.org/ http://maplecroft.com/services/human_rights_dilemmas/ Indonesia’s Financial Services Authority plans corporate governance scorecard of listed companies (January 2013) http://www.ojk.go.id/

http://www.bloomberg.com/news/2013-01-21/indonesia-plans-scorecards-to-boost-corporate-governance.html

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• National Foreign Affairs, Economics and Trade Agencies Promoting ESG Policies

- UK Foreign & Commonwealth Office updates its CSR program (since 1995) - http://www.fco.gov.uk/resources/en/pdf/pdf16/fco_csr_strategy_papers

- US Secretary of State’s Annual Award for Corporate Excellence (since 1999)

- http://www.state.gov/e/eeb/ace/

- Japan’s Ministry of the Environment provides laws and guidance on environmental reporting, environmental management systems, and environmental accounting (since 2000)

- http://www.env.go.jp/en/policy/economy/pecba.html - Germany’s Commission of the German Corporate Governance Code (since 2001) - http://www.corporate-governance-code.de/index-e.html

- Japan adopts Law No. 77 re: business information and responsibilities (2004) - pdf: http://www.env.go.jp/en/laws/policy/business.pdf

- Dutch Corporate Governance Code Monitoring Committee, established in 2004, revises code to expand CSR/ESG factors (December 2008) - http://www.commissiecorporategovernance.nl/

- Norway’s Ministry of Foreign Affairs releases report Corporate Social Responsibility in a Global Economy (January 2009)

http://www.regjeringen.no/en/dep/ud/press/News/2009/social_responsibility_abroad.html?id=543620

- Egypt’s Institute of Directors (of the Egyptian Ministry of Investment) launches Egyptian ESG Index (January 2010)

- http://www.ecrc.org.eg/default.aspx India’s Ministry of Corporate Affairs releases National Voluntary Guidelines on Social, Environmental, and Economic Responsibilities of Business (July 2011)

http://www.sa-intl.org/_data/n_0001/resources/live/India_NationalVoluntaryGuidelines.pdf Germany’s Council for Sustainable Development adopts German Sustainability Code (October 2011)

http://www.nachhaltigkeitsrat.de/uploads/media/RNE_Recommendation_German_Sustainability_Code.pdf UK’s Business Department requires listed companies to provide narrative reporting (October 2012) http://www.bis.gov.uk/assets/biscore/business-law/docs/f/12-979-future-of-narrative-reporting-new-structure.pdf

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US Office of the Trade Representative and Department of State release new model bilateral investment treaty with stronger labor and environmental protection (April 2012) http://www.ustr.gov/about-us/press-office/press-releases/2012/april/united-states-concludes-review-model-bilateral-inves UK Department for Business Innovation & Skills releases Kay report on equity market and long-term investing (July 2012) http://www.bis.gov.uk/kayreview

pdf: http://www.bis.gov.uk/assets/biscore/business-law/docs/k/12-917-kay-review-of-equity-markets-final-report.pdf Norway’s Minister of Foreign Affairs describes CSR initiatives (November 2012) http://www.regjeringen.no/nb/dep/ud/aktuelt/taler_artikler/eide_taler/2012/bridging_gap.

html?id=708061

• National and other Governmental Agency Pension Funds Promoting ESG Performance

- Norway’s Ethical Guidelines for the Government Pension Fund

- http://www.regjeringen.no/en/dep/fin.html?id=216 - Pension Fund link on left

- Norway’s Norges Bank Investment Management - http://www.nbim.no/en/Investments/ownership-strategies/ Norges Bank Database of ESG analysis at 4,000 companies (October 2011)

http://www.nbim.no/

- UK’s Environment Agency Pension Fund - http://www.environment-agency.gov.uk/pensions

- China’s National Pension Fund includes responsible investment as a core principle - http://www.ssf.gov.cn/###

- Canada’s CPP Investment Board Responsible Investing Policies and Initiatives - http://www.cppib.ca/Responsible_Investing/

- CalPERS Investment Policies

- http://www.calpers.ca.gov/index.jsp?bc=/investments/policies/home.xml

- Australia’s Regnan Ltd represents governmental and institutional funds of $50 billion - http://www.regnan.com.au/

- Pension Benefit Guaranty Corporation (US) establishes new policy for $55 billion

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investment (February 18, 2008) - http://www.pbgc.gov/media/news-archive/news-releases/2008/pr08-19.html

- Association for Sustainable & Responsible Investment in Asia (ASrIA) releases report The Time to Lead is Now: The Adoption of ESG Analysis by Asian Government Pension Funds (July 2009)

- http://www.asria.org/events/hongkong/09july22 UK National Employment Savings Trust initiates ESG screening program (January 2011) https://nest.bravosolution.co.uk/nest/ UK National Employment Savings Trust signs UN PRI (October 2011)

http://www.nestpensions.org.uk/schemeweb/NestPublicWeb/faces/public/portal/pages/news.xhtml

Dutch pension fund APG management promotes ESG program

http://www.apg.nl/apgsite/pages/english/how-apg-invests/responsible-investing/ Australia’s The Emerald Wrap provides national platform for pension funds (March 2012) http://theemeraldwrap.com.au/ Japan’s national pension fund for municipal employees adopts MSCI’s ESG Index (April 2012) http://www.businesswire.com/news/home/20120314006656/en/Japan%E2%80%99s-National-Federation-Mutual-Aid-Associations-Municipal South Africa’s Pension Funds Act, Regulation 28, requires fiduciary duty to address responsible investment and ESG analysis (2012) http://www.nbi.org.za/Pages/Publication-Details.aspx?NBIweb=e586ac5b-bcad-49be-ba41-81b0f1fa2ba3&NBIlist=baaa9251-7130-4824-a0e9-0991a4bd678f&NBIitem=254 CalPERS report Towards Sustainable Investment: Taking Responsibility (January 2013) http://www.calpers.ca.gov/index.jsp?bc=/about/press/news/invest-corp/towards-sustainable-investment.xml

• National Parliamentary Organizations Addressing ESG Policies

- UK All-Party Parliamentary Group on Corporate Social Responsibility - http://www.parliament.uk/

- UK All-Party Parliamentary Group on Socially Responsible Investment

- http://www.parliament.uk/

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- Australian Parliamentary Joint Committee on Corporations and Financial Services - http://www.aph.gov.au/Senate/committee/corporations_ctte/

- US Senate Subcommittee on Securities, Insurance and Investment: Hearing on Climate

Risk Petition to the SEC (October 31, 2007) http://banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=ed7a4968-1019-411d-9a22-c193c6b689ea

Turkish Parliament adopts law to promote corporate governance in new commercial code (December 2011) http://www.ft.com/intl/cms/s/0/02ae6e00-20f1-11e1-8133-00144feabdc0.html#axzz1giokD1rN US Congress encourages US SEC to implement Dodd-Frank provisions on conflict minerals and resource extraction payments (June 2012)

http://democrats.naturalresources.house.gov/sites/democrats.naturalresources.house.gov/files/documents/2012-06-22_SEC_ChairmanSchapiro_ProtectPowerless.pdf

• National, Regional and Global Insurance Organizations Promoting ESG Performance

International Association for the Study of Insurance Economics

research and publications on climate: http://www.genevaassociation.org/Home/Climate_Risk/Research_Publications.aspx

ClimateWise is lauched by insurance firms in the UK (2007) http://www.climatewise.org.uk/

- China’s Ministry of Environmental Protection explains progress using insurance for environmental protection (January 2009) - http://english.mep.gov.cn/News_service/news_release/200902/t20090211_134114.htm

- the National Association of Insurance Commissioners (US) adopts policy to require insurance companies to disclose financial risks from climate change (March 2009) - http://www.naic.org/Releases/2009_docs/climate_change_risk_disclosure_adopted.htm

- NAIC Climate Change and Global Warming Working Group - http://www.naic.org/committees_e_climate.htm - Arab Forum of Insurance Regulatory Commissions and Hawkamah release Policy Brief on corporate governance (March 2009) - http://www.hawkamah.org/news_and_publications/news/2009/51.html

- the Multilateral Investment Guarantee Agency of the World Bank Group and the Dubai International Financial Centre sign agreement to promote investment in the Middle East

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and Northern Africa (October 2009) - pdf: http://www.miga.org/documents/DIFC_MIGA_MoU_PR.pdf

- Insurance Working Group of the UNEP Finance Initiative releases The global state of sustainable insurance (October 2009) - pdf: http://www.unepfi.org/fileadmin/documents/global-state-of-sustainable-insurance.pdf

IFC and World Bank launch Global Index Insurance Facility (December 2009) http://www1.ifc.org/wps/wcm/connect/industry_ext_content/ifc_external_corporate_site/industries/financial+markets/retail+finance/insurance/insurance_giif

oekom Industry Focus: Insurance (July 2010) http://www.oekom-research.com/index_en.php?content=research-news

- UNEP Finance Initiative releases statement on climate and insurance in developing countries (September 2010)

- http://www.unepfi.org/fileadmin/documents/insurance_climatechange_statement.pdf - http://www.unepfi.org/work_streams/insurance/index.html

- report: International Scan of Sustainability Practices of Insurance and Non-Insurance Companies; Strandberg Consulting (November 2010)

- http://corostrandberg.com/pdfs/Best-Practice-Scan-2010.pdf

European Union launches EIOPA, the European Insurance and Occupational Pensions Authority (January 2011)

https://eiopa.europa.eu/home/index.html OECD Council adopts Guidelines on Insurer Governance (May 2011) http://www.oecd.org/daf/fin/insurance/revisedoecdguidelinesoninsurergovernance.htm International Group of P&I Clubs (shipping reinsurance) adopts sanctions against Iran (March 2012) http://www.igpandi.org/

- UNEP Finance Initiative’s Principles for Sustainable Insurance (June 2012) - http://www.unepfi.org/psi/ - http://www.unepfi.org/work_streams/insurance/index.html

- report: PSI: Principles for Responsible Insurance (June 2012)

- http://www.unepfi.org/fileadmin/documents/PSI_document-en.pdf China’s Ministry of Environmental Protection and China Insurance Regulatory Commission release guidelines to require insurance in high risk industries (February 2013)

http://english.mep.gov.cn/News_service/news_release/201302/t20130227_248567.htm

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• National, Regional and Global Index Providers Promoting ESG Performance

- ECPI Indices (since 1997) - http://www.ecpindices.com/

- http://www.ecpigroup.com/

- Dow Jones Sustainability Indexes (since 1999) - http://www.sustainability-index.com/

report: Dow Jones Sustainability Emerging Markets Index Guide (February 2013) http://www.sustainability-index.com/images/djsi-emerging-markets-guidebook_tcm1071-364093.pdf

- FTSE Group’s Socially Responsible Investment (FTSE4Good) Index (since 2001)

- http://www.ftse.com/About_Us/Innovation/index.jsp

- MSCI Indices - http://www.msci.com/insights/responsible_investing/

- http://www.msci.com/products/indices/thematic/esg/ - http://www.msci.com/resources/factsheets/MSCI_ESG_Indices.pdf - STOXX (Deutsche Borse) Environmental, Social and Governance Indices - http://www.stoxx.com/indices/types/sustainability.html

- FTSE and ECPI launch first Responsible Investment Index Series for Italian Market (October 2010)

- http://www.ecpindices.com/news_zoom.asp?IdART=907

MSCI, S&P and FTSE launch Index Industry Association (March 2012) http://www.msci.com/resources/pressreleases/20120313_MSCI_SP_Indices_and_

FTSE_collaborate_to_launch_first_ever_Index_Industry_trade_body.pdf

STOXX (Deutsche Borse) launches ESG Leaders Index (May 2012) http://www.stoxx.com/index.html

• National and Regional Financial Organizations

China Banking Association releases first Annual Social Responsibility Report of China’s Banking Sector (December 2008)

http://www.china-cba.net/

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- China Banking Association releases CSR guidelines for financial institutions (January 2009) - http://www.internationalrivers.org/en/node/3831

- Danish Bankers Association and CSR (undated; circa 2009) - http://csr.finansraadet.dk/content/dk3/english

European Fund and Asset Management Association releases report on responsible

investment (April 2011) http://www.efama.org/index.php?option=com_docman&task=cat_view&gid=493&Itemid=-99

• Multilateral Development Banks Promoting ESG Performance

- World Bank’s FIRST Initiative Program (ESG performance in emerging markets; since 2002)

- http://firstinitiative.org/

-31 Development Finance Institutions Approach Statement (since 2007) http://www.cgdevelopmentframework.com/

- IFC releases report Banking on Sustainability: Financing Environmental and Social Opportunities in Emerging Markets (2007)

- http://www.ifc.org/publications/ World Bank and IFC establish GEF Earth Fund platforms to encourage innovation in private sector investment (2008) http://www.thegef.org/gef/PPP - IFC releases report Future Proof? Embedding environmental, social and governance issues in investment markets (January 2009) - http://www.ifc.org/ifcext/sustainability.nsf/Content/SustainableInvesting

IFC signs UN PRI, announces priorities (March 2011) http://www.ifc.org/IFCExt/pressroom/IFCPressRoom.nsf/0/97A694B1909A356B8525785C004A654E?OpenDocument IFC updates Sustainability Framework (May 2011)

video: http://www.ifc.org/ifcext/policyreview.nsf IFC report Track Record: Lessons from IFC’s Corporate Governance Experience (June 2011) http://www.ifc.org/ifcext/corporategovernance.nsf/Content/29EBCD35FC18CAEA852578BF00490A6A?OpenDocument

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IFC launches FIRST for Sustainability web portal (July 2011) http://firstforsustainability.org/homepage.php Development finance institutions adopt Corporate Governance Development Framework to promote sustainable development in emerging markets (September 2011)

- http://www.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/603E0D3016FDE73F852579140052FE85

- http://www.cgdevelopmentframework.com/

- IFC Sustainability Framework effective January 2012 - http://www.ifc.org/sustainabilityframework

IFC report Corporate Governance and Development (April 2012)

http://www.gcgf.org/ifcext/cgf.nsf/Content/Focus10

- Multilateral development banks adopt framework for harmonized approach to emissions reporting (November 2012)

- http://climatechange.worldbank.org/sites/default/files/IFI_Framework_for_Harmonized_Approach%20to_Greenhouse_Gas_Accounting.pdf

International Organizations Promoting ESG Performance

- OECD Guidelines for Multinational Enterprises (since 1976)

http://www.oecd.org/daf/investment/guidelines

- OECD Guidelines and UN PRI: http://www.oecd.org/dataoecd/62/37/38783873.pdf

- OECD Principles of Corporate Governance (since 1999) http://www.oecd.org/daf/corporateaffairs/principles/

UNEP Finance Initiative is launched (1991-92) http://www.unepfi.org/about/background/index.html UNEP Statement of Commitment by Financial Institutions on Sustainable Development (1991-92) http://www.unepfi.org/statements/statement/index.html

http://www.unepfi.org/statements/history/index.html

- UNEP Finance Initiative members of more than 200 financial institutions (since 2000) - http://www.unepfi.org/about/index.html

- UNEP Finance Initiative reports and work streams

- http://www.unepfi.org/work_streams/investment/index.html - http://www.unepfi.org/work_streams/investment/materiality/

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- http://www.unepfi.org/work_streams/investment/amwg/index.html

- OECD environmental standards for export credit agencies (December 2003) - http://www.oecd.org/document/56/0,3343,en_2649_201185_21688824_1_1_1_1,00.html

update: http://www.oecd.org/document/30/0,3746,en_2649_37431_50672926_1_1_1_37431,00.html (June 2012)

- European Union Modernization Directive Article 46 requires disclosure of non-financial information (2005)

- http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:32003L0051:EN:HTML

OECD Guidelines on Corporate Governance of State-Owned Enterprises (2005) http://www.oecd.org/daf/corporateaffairs/soe/guidelines

- UN Principles for Responsible Investment (launched April 2006)

- http://www.unpri.org/

- UN Global Compact’s Financial Markets Program - http://www.unglobalcompact.org/Issues/financial_markets/index.html

- EU Shareholder Rights Program (2007)

- http://ec.europa.eu/internal_market/company/shareholders/indexa_en.htm - The European Union’s European Investment Bank releases a revised Statement of Environmental and Social Principles and Standards (Fall 2008)

- http://www.eib.org/projects/news/eibs-environment-and-social-office.htm?lang=-en

- the EU European Commission’s European Competitiveness Report 2008, Chapter 5, Overview of the links between Corporate Social Responsibility and Competitiveness (2008)

- http://ec.europa.eu/enterprise/csr/documents/csrreportv002.pdf

- UN Global Compact and IFC release Future Proof? Embedding environmental, social and governance issues in investment markets (January 2009) - http://www.unglobalcompact.org/NewsAndEvents/news_archives/2009_01_28.html

- UNEP Finance Initiative releases report Fiduciary responsibility: Legal and practical aspects of integrating environmental, social and governance issues and institutional investment (July 2009)

- http://www.unepfi.org/

- UN PRI releases report on private equity (July 2009) - http://www.unpri.org/privateequity/

- 2011 update: http://www.unpri.org/files/lp_guide_2.pdf

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- UN PRI, UN Global Compact and others host Sustainable Stock Exchanges event at UN (November 2, 2009)

- http://www.unpri.org/sustainablestockexchanges09/index.php - http://www.unglobalcompact.org/NewsAndEvents/news_archives/2009_11_02.html

http://www.aviva.com/reports/cr10/regions/aviva-investors/trust-integrity/sustainable-stock-exchanges.html/ - UNEP Finance Initiative creates Banking Commission (January 2010)

- http://www.unepfi.org/work_streams/banking/index.html

- UN Finance Initiative and WBCSD release report Translating ESG into sustainable business value (March 2010)

-pdf: http://www.wbcsd.org/DocRoot/LJQWshKWnR84DNoH97iL/TranslatingESG.pdf

- OECD releases Terms of Reference for an Update of the OECD Guidelines for Multinational Enterprises (May 4, 2010)

-pdf: http://www.oecd.org/dataoecd/61/41/45124171.pdf

- UN PRI, UNCTAD host Sustainable Stock Exchanges 2010 in Xiamen, China (September 8, 2010) - http://www.unglobalcompact.org/news/64-09-08-2010

- http://www.unpri.org/sustainablestockexchanges/ - speakers: http://www.unpri.org/sustainablestockexchanges/agenda10.php - background: http://www.unpri.org/sustainablestockexchanges09/

- Basel Committee on Banking Supervision of the Bank for International Settlements releases Principles for enhancing corporate governance (October 2010) - http://www.bis.org/publ/bcbs176.htm

G-20 launches Mutual Assessment Process (November 2010) http://www.imf.org/external/np/exr/facts/g20map.htm

-UN Finance Initiative and UN Global Compact release Principles for Investors for Inclusive Finance (January 2011)

- http://www.unpri.org/files/2011_01_piif_principles.pdf UN PRI releases PRI Strategy and World Programme 2011-2013 (March 2011) pdf: http://www.unpri.org/files/2011_PRI_SWP.pdf UNCTAD report Corporate Governance in the Wake of the Financial Crisis: Selected International Views (March 2011) http://www.unctad.org/cg UN PRI releases Principles for Responsible Investment in Farmland (September 2011)

27

http://www.unpri.org/commodities/Farmland%20Principles_Sept2011_final.pdf UN PRI, UN Global Compact, and others release The Responsible Investor’s Guide to Commodities (September 2011) http://www.unglobalcompact.org/docs/issues_doc/Financial_markets/Commodities_Guide.pdf EU European Commission announces new program with ICGN, UN PRI and EFFAS to build investor capacity to integrate ESG information with investment decisions (October 2011)

- http://ec.europa.eu/enterprise/newsroom/cf/itemlongdetail.cfm?item_id=5498&lang=en&tpa_id=1020

- http://www.icgn.org/masterclass-curriculum.php

UNEP Finance Initiative, Global Canopy Programme and Center for Sustainable Studies (Brazil) invite financial institutions to sign Natural Capital Declaration (October 2011) - http://www.naturalcapitaldeclaration.org/

- EU European Commission releases report A renewed EU strategy 2011-2014 for

Corporate Social Responsibility (October 2011) - http://ec.europa.eu/enterprise/newsroom/cf/_getdocument.cfm?doc_id=7010

- EU European Commission releases finance, investment and business initiatives (October

2011) http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/1238&format=HTML&aged=0&language=EN&guiLanguage=en

- UN PRI May 2012 launch of new reporting framework, started in mid-2011

http://www.unpri.org/consultation/

- OECD long-term investment program (since 2011) http://www.oecd.org/finance/lti

- UNEP and others release report Making Investment Grade: The Future of Corporate Reporting (June 2012) http://www.unep.fr/scp/publications/details.asp?id=WEB/0169/PA

- UN Rio+20 conference final document, paragraph 47, encourages corporate reporting

(June 2012) http://www.uncsd2012.org/content/documents/727The%20Future%20We%20Want%2019%20June%201230pm.pdf https://www.globalreporting.org/SiteCollectionDocuments/para47/Group-of-Friends-of-Paragraph-47-Charter.pdf

- UN Global Compact and UN PRI launch ESG Investor Briefing: A new framework for

communicating value drivers at the company – investor interface (June 2012) http://www.unglobalcompact.org/docs/issues_doc/Financial_markets/ESGInvestorBriefin

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gFramework.pdf

- EU European Commission proposal for mandatory ESG disclosure (July 2012) http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/736&format=HTML&ag

ed=0&language=EN&guiLanguage=en

Eurosif comments: http://www.eurosif.org/images/stories/30July2012KidDisclosureRelease.pdf

UN Global Compact and others release corporate water disclosure guidelines (August 2012) http://www.unglobalcompact.org/news/256-08-27-2012 UNCTAD, FAO, IFAD and World Bank release Principles for Responsible Agricultural Investment (October 2012) http://unctad.org/en/Pages/DIAE/G-20/PRAI.aspx UN PRI releases report Building the Capacity of Investment Actors to Use Environmental, Social and Governance (ESG) Information (February 2013)

http://www.unpri.org/viewer/?file=wp-content/uploads/20130305PRI_CIA_ESG_Capacity_Building_Report.pdf

UN PRI releases private equity ESG framework (March 2013)

http://www.unpri.org/whatsnew/3600/

• Investor Initiatives Promoting ESG Performance

Medical Committee for Human Rights case (napalm case against Dow) on SEC proxy voting rights provides precedent for shareholder action (US Supreme Court; 1972) http://caselaw.lp.findlaw.com/scripts/getcase.pl?court=us&vol=404&invol=403

Interfaith Center on Corporate Responsibility is launched (1973)

http://www.iccr.org/ Social Venture Network (US) (1987) http://svn.org/who-we-are/our-story-the-founding-of-svn

World Business Council for Sustainable Development (June 1990) http://www.wbcsd.org/about/history.aspx

Business for Social Responsibility (June 1992) http://www.bsr.org/en/about/timeline

Mutual Fund Directors Forum is established (US) (2002)

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http://www.mfdf.org/

Investor Summit on Climate Risk convenes first biennial conference at the UN (2003) http://www.ceres.org/incr/about

working groups: http://www.ceres.org/incr/about/working-groups EIRIS launches EIRIS Convention Watch (March 2005) http://www.eiris.org/pensions/ps_convention_watch.html

- Corporate Knights releases annual ranking of corporate performance (since 2005)

- http://www.global100.org/

- Ceres, the Environmental Defense Fund, States and investors file petition with the US SEC to require corporate reporting on climate risk (September 2007)

- http://www.ceres.org/files/SECFullPetition.pdf/view - http://www.socialfunds.com/news/article.cgi/2388.html

- Aspen Principles report Long-Term Value Creation: Guiding Principles for

Corporations and Investors chaired by the Aspen Institute (June 2007) - http://www.aspeninstitute.org/policy-work/business-society

Goldman Sachs launches GS Sustain (since 2007)

http://www2.goldmansachs.com/ideas/environment-and-energy/goldman-sachs/gs-sustain/index.html

- Social Investment Research Analyst Network releases Sustainability Reporting in Emerging Markets: An analysis of the sustainability reporting in selected sectors of seven emerging market countries (January 2008)

- http://www.siran.org/emd/

- SAM Group launches The Sustainability Yearbook (since 2008) - http://www.sam-group.com/yearbook/

- Aviva Investors CEO Alain Dromer calls for all stock market listing authorities to require ESG disclosure (November 2008)

- http://www.aviva.com/

- Norwegian institutional investors create Sustainable Value Creation collaboration and release report on ESG performance of companies on Oslo Stock Exchange (2008)

- http://www.svcinitiative.com/

- Three Nordic pension funds from Sweden, Finland and Norway create Nordic Engagement Cooperation Initiative to promote ESG policies with 4,500 companies (December 2008)

- http://www.ges-invest.com/pages/?ID=117

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- Domini Social Investments releases report on stock exchanges and regulatory bodies: Innovations in Social and Environmental Disclosure Outside the United States (December 2008)

- pdf: http://www.domini.com/common/pdf/Innovations_in_Disclosure.pdf

- Interfaith Center on Corporate Responsibility and Trucost launch website with online database of 150 companies to receive shareholder resolutions on climate and other matters (February 2009)

- http://www.iccr.org/shareholder/trucost/index.php

- Association for Sustainable and Responsible Investment in Asia has published several reports on corporate disclosure in China

- ESG – Reality Sets In: Trends in ESG Disclosure of Supply Chain Listings in Hong Kong (January 2008)

- The Devil is in the Detail: Natural Resources Disclosure in China (March 2007) - A Cat and Mouse Game for Investors: Assessing ESG Disclosure of Supply Chain

Listings in Hong Kong (August 2006) - http://www.asria.org/publications

- Pax World Funds and KLD Analytics release first gender index (March 2009) - http://paxworld.com/newsmedia/2009/03/08/pax-world-kld-construct-first-gender-

index-series-for-international-finance-corporation/

- Global Alliance for Banking on Values is launched by 11 banks (March 2009) - http://www.gabv.org/

- Social Investment Forum (US) sends letter to US SEC calling for greater ESG disclosure and participation in Global Reporting Initiative (July 2009)

- http://www.socialinvest.org/news/releases/pressrelease.cfm?id=143

- Aspen Institute releases statement by Business, Academic, and Labor Leaders: Overcoming Short-termism: A Call for A More Responsible Approach to Investment and Business Management (September 9, 2009)

- http://www.aspeninstitute.org/policy-work/business-society/corporate-programs/cvsg/public-policy

- Australian Council of Super Investors releases A Guide for superannuation trustees on the consideration of environmental, social & corporate governance risks in listed companies (October 2009)

- http://www.acsi.org.au/environmental-social-governance-guidelines.html

- International Corporate Governance Network releases ICGN Corporate Governance Principles: 2009 (November 2009)

http://www.icgn.org/files/icgn_main/pdfs/best_practice/global_principles/icgn_gl

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obal_corporate_governance_principles-_revised_2009.pdf

Conference Board’s Director Notes Archives (since November 2009) http://www.conference-board.org/governance/index.cfm?id=2439 Latin American Network of Corporate Governance Institutes is launched (2009) http://igcla.net/ background: IFC’s Global Corporate Governance Forum, Lessons Learned, June 2011

Finance Innovation Lab (March 2010) http://thefinancelab.ning.com/

- Ceres report The 21st Century Corporation: The Ceres Roadmap for Sustainability

(March 2010) - http://www.ceres.org/ceresroadmap

Mutual Fund Directors Forum releases report Risk Principles for Fund Directors: Practical Guidance for Fund Directors on Effective Risk Management Oversight (April 2010) http://www.mfdf.org/newsroom/article/press_release_forum_issues_practical_guidance_for_fund_directors_on_effecti/

Robert F. Kennedy Center for Justice and Human Rights launches investor dialogue Compass (mid-2010)

http://www.rfkcenter.org/compass - Aviva Investors releases report at second annual UN Sustainable Stock Exchanges event: Sustainable Stock Exchanges - - Real Obstacles, Real Opportunities (September 2010)

- pdf: http://www.responsibleresearch.com/Responsible_Research___Sustainable_Stock_Exchanges_2010.pdf

- International Corporate Governance Network releases ICGN Corporate Risk Oversight

Guidelines (October 2010) - http://www.icgn.org/files/icgn_main/pdfs/best_practice/icgn_cro_guidelines_(short).pdf

- Eurosif releases report Emerging Markets (November 2010) - http://www.eurosif.org/images/stories/pdf/Research/Eurosif_EmergingMarkets_web.pdf

- Ceres releases report Water Risk in the Municipal Bond Market (October 2010) - http://www.ceres.org/

Trucost and RLP Capital release report Carbon Footprints, Performance and Risk of U.S.

Equity Mutual Funds (November 2010) http://www.trucost.com/_uploads/publishedResearch/Cabon_performance_risk_usequ

itymutualfunds.pdf

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Global Real Estate Sustainability Benchmark is launched by APG Asset Management,

PGGM Investments, Universities Superannuation Scheme and the European Centre for Corporate Engagement (March 2011)

- http://www.gresb.com/

UK Social Investor Forum releases report Taking Responsibility: Achieving Resilience (July 2011)

- http://www.uksif.org/

Institute of Directors Southern Africa and others release Code for Responsible Investing (July 19, 2011)

- http://www.iodsa.co.za/Portals/0/library/documents/CRISA_19_July_2011.pdf

Financial Services Council (Australia) and Australian Council of Super Investors release ESG Reporting Guide for Australian Companies (August 2011)

- http://www.ifsa.com.au/policy-research/investment/esg-reporting-guide.aspx

Ceres report Proxy Voting for Sustainability (Summer 2011) - http://www.ceres.org/resources/reports/proxy-voting-for-sustainability/view

International Corporate Governance Network releases Model Mandate Terms Between

Asset Owners and Their Fund Managers (September 2011) - http://www.icgn.org/ (not online yet) - http://www.icgn.org/shareholder-responsibilities-committee.php

Aviva Investors CEO Paul Abberley and the Corporate Sustainability Reporting Coalition

call for the UN to adopt an agreement for UN members to require listed companies to disclose sustainability information (September 2011)

- http://www.aviva.com/media/news/13203/

Eurosif releases report Corporate Pension Funds and Sustainable Investment (October 2011)

- http://www.eurosif.org/research/corporate-pension-funds

Goldman Sachs Asset Management releases Statement on Responsible and Sustainable Investing (December 2011)

http://www2.goldmansachs.com/gsam/pdfs/UNPRI_Statement_Final.pdf

Global investor coalition sends priorities list to US SEC (February 2012) - http://www.calpers.ca.gov/eip-docs/about/press/news/financial-market-reform.pdf

ASrIA launches Asia Investor Group on Climate Change (February 2012)

http://aigcc.asria.org/our-secretariat.html

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Institutional investors with $20 trillion in assets release report on promoting policies in capital markets (February 2012)

- http://www.pacificcommunityventures.org/insight/impactinvesting/

China Social Investment Forum is launched (February 2012) - background: http://financegreenwatch.org/?p=3435

FairPensions releases report The Enlightened Shareholder: Clarifying Investors’

Fiduciary Duties (March 2012) - http://www.fairpensions.org.uk/research

pdf:http://www.fairpensions.org.uk/sites/default/files/uploaded_files/policy/EnlightenedFiduciaryReport.pdf

Interfaith Center on Corporate Responsibility launches Recommended Guidelines for

Responsible Land Investments (May 2012) http://www.iccr.org/issues/subpages/pdf/2012ICCRGuidelinesForLandInvestment.pd

f

Ceres releases report Clearing the Waters: A Review of Corporate Water Risk Disclosure in SEC Filings (June 2012)

- http://www.ceres.org/resources/reports/clearing-the-waters-a-review-of-corporate-water-risk-disclosure-in-sec-filings/view

Business Roundtable (US) releases report Principles of Corporate Governance 2012

(June 2012) - http://businessroundtable.org/studies-and-reports/business-roundtable-principles-of-

corporate-governance-2012/

Institutional Investors Group on Climate Change releases global survey (July 2012) - http://www.iigcc.org/publications/investor-guides

Ceres releases report Sustainable Extraction? An Analysis of SEC Disclosure by Major

Oil & Gas Companies on Climate risk & Deepwater Drilling Risk (August 2012) http://www.ceres.org/resources

Financial Services Council (Australia) releases draft ESG standards (August 2012)

- http://www.fsc.org.au/policy/superannuation/consultation-on-new-and-revised-fsc-standards-superannuation-governance-and-proxy-voting.aspx

Africa Sustainable Investment Forum launches research program on investment management and ESG (September 2012) - http://www.africasif.org/media.php

US SIF releases report Lessons Learned: The Emerging Markets Disclosure Project, 2008 – 2012 (October 2012)

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- http://ussif.org/projects/iwg/documents/EMDP2012.pdf

Sustainalytics and Tellus Institute release report Worker Equity in Food and Agriculture (October 2012) - http://www.sustainalytics.com/sites/default/files/workerequity_october2012.pdf - Web briefing with slides: http://www.sustainalytics.com/webinars

ASrIA launches Alliance for Public Private Climate Finance Asia-Pacific (November 2012) - http://www.asria.org/news

AXA releases Piloting ESG Integration (November 2012) - http://www.axa-im.com/en/responsible-investment

global investor coalition sends letter to Doha climate negotiations (November 2012) - http://www.ceres.org/files/investor-files/2012-global-policy-letter

Swiss investors and companies launch stewardship code (January 2013) -

Global Sustainable Investment Alliance releases report Global Sustainable Investment Review (January 2013)

- http://www.gsi-alliance.org/resources/

The Institute for Human Rights and Business, Calvert Investments and the Interfaith Center on Corporate Responsibility release report Investing the Rights Way: A Guide for Investors on Business and Human Rights (March 2013) http://www.ihrb.org/publications/reports/investing-the-rights-way.html

As You Sow, Sustainable Investment Institute release report Proxy Review 2013 (March 2013)

- http://proxypreview.org/

State Street equity and fixed-income summary: ESG Investing http://www.ssga.com/library/capb/ESG_Investing_McKnett_9.30.12CCRI1349768392.pdf Investor Initiatives in Corporate Bonds Promoting ESG Performance

- Living Planet Fund for corporate bonds http://www.wwflpf-institutions.panda.org/what_we_do/products/products_list/bonds/

- Danish Teachers Pension Fund invests $271 million in ESG screened-fund for corporate bonds (January 2011)

- http://www.globalpensions.com/global-pensions/news/1938518/danish-teachers-pick-

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ssga-usd271m-bond-mandate Investor Initiatives for Fixed Income Promoting ESG Performance

- UN PRI Work Stream for Fixed Income, launched June 2011 - http://www.unpri.org/workstreams/ (not listed yet)

- MSCI ESG Fixed Income Research & Analysis (October 2012) - http://www.msci.com/resources/pressreleases/MSCI_ESG_Research_launches_Fixed

_Income_Research.pdf

- Nature Conservancy Conservation Note for fixed income investment (October 2012) - http://www.nature.org/about-us/conservation-note.xml

• Banking Organizations Promoting ESG Performance

[Editor’s note: Please also see global survey of sustainable banking, available from the editor.]

- 77 financial institutions have adopted the Equator Principles since 2003 (as of August

2012) - http://www.equator-principles.com/ - new draft (EP III): http://www.equator-principles.com/index.php/ep3

- Global Alliance for Banking on Values is launched by 11 leading banks (March 2009)

- http://www.gabv.org/

- Eurosif releases banking sector report on European banking sector (September 2009) - http://www.eurosif.org/research/sector-reports/banking

- Sir David Walker’s final report: A review of corporate governance in UK banks and other financial industry entities: Final recommendations (November 2009) - http://www.hm-treasury.gov.uk/d/walker_review_261109.pdf - Inter-American Development Bank launches BeyondBanking program (November 2009)

- http://www.iadb.org/news/detail.cfm?language=EN&id=5952&artid=5952

- UNEP Finance Initiative creates Banking Commission (January 2010) - http://www.unepfi.org/

• Bond Markets Promoting ESG Performance

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- World Bank sustainable investing program (since 2008)

- http://treasury.worldbank.org/cmd/htm/about_sustainable.html - US Government creates Build America Bonds, provides $106 billion as of June 2010 (since April 2009) - http://www.treasury.gov/initiatives/recovery/Pages/babs.aspx

- Network for Sustainable Financial Markets launches the Climate Bonds Initiative with the Carbon Disclosure Project (December 2009)

- http://climatebonds.net/ - climate bond standard launch: http://climatebonds.net/proposals/standards/ - Asian Development Bank announces water bond market (February 2010) - http://beta.adb.org/news/adb-issue-inaugural-water-bond

- International Monetary Fund Staff Position Note Financing the Response to Climate Change (March 2010) - http://www.imf.org/external/pubs/ft/spn/2010/spn1006.pdf

- International Finance Corporation launches $200 million Green Bond program for climate-related investments (April 2010; February 2011; May 2011) http://www.ifc.org/ifcext/treasury.nsf/AttachmentsByTitle/Green+Bond/$FILE/Green+Bond+final.pdf

- NYSE Euronext and MICROFIS create bond market for microfinance (announced July 2010; launch in Fall 2010) - http://www.euronext.com/news/press_release/press_release-1731-EN.html?docid=879754

- European Bank for Reconstruction and Development launches Environmental Sustainability Bonds (December 2010) - http://www.ebrd.com/pages/news/press/2010/101206a.shtml

- http://www.ebrd.com/pages/workingwithus/capital/bonds.shtml Affinity MacroFinance launches insurance for bonds in emerging markets (2010)

http://www.amfguarantee.com/ US Treasury launches community development bond program under new law, part of Community Development Financial Institutions Fund (September 2011) http://www.cdfifund.gov/ WWF and others release report Unlocking Forest Bonds: A High-Level Workshop on Innovative Finance for Tropical Forests (September 2011)

http://wwf.panda.org/what_we_do/footprint/climate_carbon_energy/?201667/Bonds-key-

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to-forests-and-climate ICMA Covered Bond Investor Council establishes working groups (2011)

http://www.icmagroup.org/About-ICMA/ICMA-Councils/Asset-Management-and-Investors-Council(AMIC)/Covered-Bond-Investor-Council-(CBIC).aspx Network for Sustainable Financial Markets and Carbon Disclosure Project launch Climate Bond Standard (November 2011) http://standards.climatebonds.net/ Gulf Bond and Sukuk Association releases standards for bond and sukuk issuers in the Gulf region (November 2011) http://www.gulfbondsukuk.com/ Gulf Bond and Sukuk Association, Climate Bonds Initiative and others launch Green Sukuk Working Group (March 2012) http://climatebonds.net/ Barclays, MSCI launch ESG index for fixed income market (May 2012)

http://www.newsroom.barclays.com/Press-releases/Barclays-and-MSCI-Announce-Partnership-to-Create-Global-ESG-Fixed-Income-Indices-8ce.aspx

US SEC allows covered bond market more flexible access to capital markets (May 2012) http://www.sec.gov/divisions/corpfin/cf-noaction/2012/rbc051812-f3.htm TIAA-CREF launches Social Choice Bond Fund with ESG guidelines (September 2012)

https://www.tiaa-cref.org/public/about/press/about_us/releases/articles/pressrelease433.html Standard Life Investments launches SRI corporate bond fund (October 2012)

background: http://www.standardlifeinvestments.com/governance_and_stewardship/what_is_corporate_governance/index.html Network for Sustainable Financial Markets releases Seattle Roundtable report on fiduciary duty principles (October 2012) http://www.sustainablefinancialmarkets.net/

IFC launches $1 billion green bond (February 2013) http://www.ifc.org/ifcext/pressroom/IFCPressRoom.nsf/0/F9E346765F24CB3085257B1200776829 World Bank, GAVI Alliance, others launch vaccine bond for Japanese market (March 2013) http://e.nikkei.com/e/app/fr/tdnet/disclosurefile.aspx?dno=20130328008095

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• Private Equity Organizations Promoting ESG Performance

- Private Equity Growth Capital Council (US) adopts Guidelines for Responsible

Investment (February 2009) - http://www.pegcc.org/

- British Private Equity and Venture Capital Association (BVCA) creates Responsible

Investment Board (May 2009) - http://www.bvca.co.uk/Committees/features/ResponsibleInvestmentAdvisoryBoard Institutional Limited Partners Association releases ILPA Private Equity Principles (September 2009) http://ilpa.org/ilpa-private-equity-principles/

-IFC Private Equity & Investment Funds http://www.ifc.org/ifcext/cfn.nsf/Content/Overview

-KKR ESG Overview; Green Portfolio http://www.kkr.com/ar/company_overview/environmental_social_governance.html http://green.kkr.com/why-go-green

http://www.kkr2011esg.com/

-The Carlyle Group, the Environmental Defense Fund and The Payne Firm create ESG analytical program EcoValuScreen (2011)

- http://business.edf.org/projects/green-returns/get-started/adding-green-lens-due-diligence - http://www.carlyle.com/

PwC report Responsible Investment: creating value from environmental, social and governance issues (March 2012) pdf: http://www.ecpigroup.com/ecpshare/newsletter/2012_March/1203_Pwc_Private_Equity.pdf KKR’s partnerships with Transparency International (May 2012), EDF, Business for Social Responsibility, others

http://kkr.com/company/responsibility/network-external-partners Emerging Markets Private Equity Association releases EMPEA Guidelines: Key elements of legal and tax regimes optimal for the development of private equity (June 2012) pdf: http://empea.org/_files/listing_pages/EMPEA_Guidelines_May_2012.pdf private equity firms participate with UN PRI to release ESG framework (March 2013) http://www.unpri.org/whatsnew/3600/

• Private Exchanges Promoting ESG Performance with Specific Markets

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- Chicago Climate Exchange (2003)

- https://www.theice.com/ccx.jhtml

- New York Mercantile Exchange (for commodities) announces plans for The Green Exchange for launch in Spring 2008

- http://www.greenfutures.com/

• International Financial Organizations

- International Organization of Securities Commissions report Objectives and Principles of Securities Regulation (May 2003) and Principles for Ongoing Disclosure and Material Development Reporting by Listed Entities (October 2002)

- http://www.iosco.org/about/ - http://www.iosco.org/library/

- World Federation of Exchanges report Exchanges and Sustainable Investment (November 2009)

- http://www.world-exchanges.org/sustainability/

- IOSCO releases Principles for Periodic Disclosure by Listed Entities (February 2010) - http://www.iosco.org/library/pubdocs/pdf/IOSCOPD317.pdf

Financial Stability Board publications on disclosure (since 2001) http://www.financialstabilityboard.org/list/fsb_publications/tid_74/index.htm background: FSB Transparency Initiatives; Gerald A Edwards, Jr. (May 2012)

http://www.bde.es/webbde/GAP/Secciones/Publicaciones/InformesBoletinesRevistas/RevistaEstabilidadFinanciera/12/May/Fic/ref2012223.pdf

FSB Enhanced Disclosure Task Force status, July 2012 http://www.paris-europlace.net/paris2012/P6-Edwards.pdf IOSCO report Development and Regulation of Institutional Investors in Emerging Markets (June 2012) pdf: http://www.iosco.org/library/pubdocs/pdf/IOSCOPD384.pdf Financial Stability Board’s report on banking disclosure (October 2012) http://www.financialstabilityboard.org/press/pr_121029.pdf Financial Stability Board releases Global Adherence to regulatory and supervisory standards on international cooperation and information exchange (November 2012) http://www.financialstabilityboard.org/publications/r_121102a.pdf

40

IOSCO Secretary General David Wright proposes global framework for securities regulation and enforcement (December 2012) http://www.iosco.org/library/speeches/pdf/20121210-Wright-David.pdf

• Professional Organizations

- EFFAS Commission on ESG (Environmental, Social and Governance) of the European Federation of Financial Analysts Societies

- http://www.effas-esg.com/

- Society of Investment Professionals in Germany releases KPIs for ESG: Key Performance Indicators for Environmental, Social and Governance Issues (September 2010)

- http://www.dvfa.de/die_dvfa/kommissionen/non_financials/dok/35868.php

- CFA Institute (Institute of Chartered Financial Analysts) releases Environmental, Social and Governance Factors at Listed Companies: A Manual for Investors (May 2008)

- http://www.cfapubs.org/search/advanced?dm=Publications Sustainable Finance Geneva is launched (October 2008) http://www.sfgeneva.org/index.php/about/founders/

- Responsible Investment Association Australasia announces plans for Responsible Investment Academy (February 2009) http://www.responsibleinvestment.org/RI-Academy/RI-Academy/RI-Academy.asp

- CFA Institute (Institute of Chartered Financial Analysts) releases Shareowner Rights

Across the Markets: A Manual for Investors; 22 countries reviewed (April 2009) - http://www.cfapubs.org/search/advanced?dm=Publications

- European Federation of Financial Analysts Societies and the Society of Investment Professionals in Germany release KPIs for ESG: A Guideline for the Integration of ESG into Financial Analysis and Corporate Valuation (April 2009) - 16 global accounting organizations sign sustainability principles of the Prince’s

Accounting for Sustainability Project (July 2009) - http://www.accountingforsustainability.org/

- Institute of Chartered Accountants in England and Wales, with financial support from the UK Environment Agency, releases guide Environmental Issues and Annual Financial Reporting (September 2009) http://www.icaew.com/

http://www.environment-agency.gov.uk/business/topics/performance/32348.aspx

41

- Securities Analysts Association of Japan releases ESG Factors in Corporate Valuation (June 2010)

- http://www.saa.or.jp/english/research/esg_factors.html - Chartered Accountants of Canada releases Environmental, Social and Governance (ESG) Issues in Institutional Investor Decision Making (August 2010) - http://www.cica.ca/research-and-guidance/mda-and-business-reporting/index.aspx

- IFC and Global Corporate Governance Forum release training handbook on corporate governance for business journalists: Business Reporting Beyond Numbers (October 2010)

http://www.gcgf.org/ifcext/cgf.nsf/AttachmentsByTitle/Media_LessonLearned_2/$FILE/IFC_LessonsLearned_Media_Web.pdf International Organization of Pension Supervisors: IOPS Principles of Pension Supervision (November 2010) http://www.iopsweb.org/ ACCA releases report Disclosures on Water (2010) http://www.netbalance.com/research/Water_Report.pdf International Federation of Accountants releases Sustainability Framework 2.0 (March 2011) http://www.ifac.org/publications-resources/ifac-sustainability-framework-20 Federation of European Accountants releases Environmental, Social and Governance (ESG) indicators in annual reports (May 2011)

http://www.fee.be/publications/default.asp?library_ref=4&content_ref=1392 South Africa Insitute of Directors releases CRISA, the Code for Responsible Investing in South Africa 2011 (July 2011) http://www.iodsa.co.za/Portals/0/library/documents/CRISA_19_July_2011.pdf IFC and the Principal Officers Association of South Africa sign agreement to develop program to promote ESG analyis in investment (November 2011)

http://www.ifc.org/IFCExt/pressroom/IFCPressRoom.nsf/0/37B46A7E73BB249D42257958003C8657?OpenDocument International Federation of Accountants releases report Investor Demand for Environmental, Social, and Governance Disclosures (February 2012) http://www.ifac.org/publications-resources/investor-demand-environmental-social-and-governance-disclosures International Federation of Accountants committee, Professional Accountants in Business Committee, releases report Integrating Governance for Sustainable Success (October 2012) https://www.ifac.org/publications-resources/integrating-governance-sustainable-

42

success#node-18988 International Federation of Accountants, PAIB Committee, releases draft report Project and Investment Appraisal for Sustainable Value Creation (November 2012)

https://www.ifac.org/publications-resources/project-and-investment-appraisal-sustainable-value-creation

• National and Global Non-Governmental and Consulting Organizations Promoting ESG Performance

- Global Reporting Initiative Guidelines now used by more than 1,000 companies (GRI

was launched in 1997; the guidelines were launched in 2000) - http://www.globalreporting.org/

- SustainAbility’s Global Reporters Program has released four biannual reports on

corporate non-financial reporting (since 2000) - http://www.sustainability.com/insight/global_reporters.asp

- Carbon Disclosure Project is launched in the UK (2002) - https://www.cdproject.net/

- East-West Management Institute surveys of CSR reporting in Central and Eastern

Europe (since 2003) - http://www.pfsprogram.org/

Living Planet Fund is launched by WWF International (2003)

- http://institutions.livingplanetfund.com/ - The Climate Group is launched by Tony Blair (April 2004) - http://www.theclimategroup.org/

- Association for Sustainable & Responsible Investment in Asia releases report on ESG disclosure for listings on the Hong Kong Stock Exchange (August 2006)

- http://www.asria.org/publications

- CSR Europe report Valuing non-financial performance: A European Framework for company and investor dialogue (November 2008) - http://www.csreurope.org/pages/en/market_valuation.html

- International Organization for Standardization’s Advisory Group on Social Responsibility preparing voluntary guidance ISO 26000 (2010)

- http://www.iso.org/sr

- Luxembourg Institute for Global Financial Integrity is launched (April 2009)

43

- http://fintegrity.org/

- World Resources Institute releases report Undisclosed Risk: Corporate Environmental and Social Reporting in Emerging Asia (June 2009)

- http://www.wri.org/publication/undisclosed-risk-asia

- Business for Social Responsibility releases report ESG in the Mainstream: The Role for Companies and Investors in Environmental, Social and Governance Integration (October 2009)

http://www.bsr.org/reports/BSR%20ESG%20Integration%20Report%20_Sept%202009_final.pdf World Resources Institute releases report Accounting for Risk: Conceptualizing A Robust

Greenhouse Gas Inventory for Financial Institutions (August 2009) http://pdf.wri.org/accounting_for_risk.pdf

Forest Footprint Disclosure Project is launched by Global Canopy Foundation, UK

DFID, and others (2009) http://www.forestdisclosure.com/faqs/

- International Integrated Reporting Committee is launched by The Prince’s Accounting for Sustainability Project and the Global Reporting Initiative (August 2010)

- http://www.theiirc.org/ - draft framework: http://www.theiirc.org/2012/07/11/draft-framework-outline/ Living Planet Fund and S&P Indices launch index (January 2011) http://www.wwflpf-institutions.panda.org/what_we_do/products/products_list/ World Economic Forum releases Accelerating the Transition towards Sustainable Investing (2011) http://www.weforum.org/node/99236?fo=1 WWF annual survey of commodities standards (August 2011) http://www.worldwildlife.org/what/globalmarkets/intfinance/

Climate Group Guidance Note for banking: Financing New Coal-Fired Power Plants (October 2011)

- pdf: http://www.theclimategroup.org/_assets/files/Guidance-for-Financing-New-CFPP-TCG-2011_1.pdf

International Institute for Environment and Development report Investing for Sustainable Development? (2011) pdf: http://pubs.iied.org/pdfs/16505IIED.pdf

Asset Owners Disclosure Project is launched to address climate risk (October 2011)

44

- http://aodproject.net/ Carbon Disclosure Project releases report CDP Water Disclosure Global Report 2011 (November 2011) https://www.cdproject.net/CDPResults/CDP-Water-Disclosure-Global-Report-2011.pdf

Sustainability Accounting Standards Board is launched (US; April 2012) - http://www.sasb.org/

Forest Footprint Disclosure Project merges with Carbon Disclosure Project (June 2012)

https://www.cdproject.net/ Business for Social Responsibility releases report Trends in ESG Integration in Investments (August 2012) https://www.bsr.org/en/our-insights/report-view/trends-in-esg-integration-in-investments Tomorrow’s Company (UK) releases report Tomorrow’s Capital Markets (November 2012)

http://www.unepfi.org/fileadmin/publications/investment/Tomorrow_s_Capital_Markets_web.pdf

WWF and Trucost release report on carbon and water risks to securities markets in South Africa (November 2012) http://www.trucost.com/ http://www.wwf.org.za/ Global Witness releases report Transparency Matters: Disclosure of payments to governments by Chinese extractive companies (Shanghai-listed companies; January 2013) http://www.globalwitness.org/transparencymatters

• Professional Service Providers

Ethics Metrics LLC Charlottesville, VA

http://www.ethicsmetrics.com/ http://www.ethicsmetrics.com/whitepapers.php Deloitte New York, NY Global Center for Corporate Governance http://www.corpgov.deloitte.com/site/global/ KPMG Global Center of Excellence

45

The Netherlands report: Corporate Sustainability (2011)

http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/Pages/corporate-sustainability.aspx

Climate Change and Sustainability Services

http://www.kpmg.com/global/en/topics/climate-change-sustainability-services/pages/default.aspx

Pricewaterhouse Coopers Global Sustainability Virginia - http://www.pwc.com/gx/en/sustainability/industries/banking-and-capital-markets.jhtml SAS Institute Cary, North Carolina - Sustainable Banking Paper: http://www.sas.com/resources/whitepaper/wp_24356.pdf

• Global and Regional Ratings Programs Promoting ESG policies

- Ethics Metrics provides independent ratings on ethics, fiduciary conduct, and regulatory compliance by U.S. financial holding companies (since 2002)

- http://www.ethicsmetrics.com/

- Management & Excellence publishes sustainability rankings for companies and banks in South America; based in Madrid and Sao Paulo (since 2005)

- http://www.management-rating.com/

- SRI Funds Advice (since 2008) - http://www.srifundsadvice.com/

Impact Reporting & Investment Standards (2008)

http://iris.thegiin.org/

- Standard and Poor’s and Hawkamah announce plan for ESG index for 11 Middle East countries (2009) - http://www.hawkamah.org/sectors/listed_companies/esg.html

- SIX Telekurs and Ethix SRI Advisors launch ESG ratings of 260 companies in Denmark, Finland, Norway and Sweden (November 2009)

- http://www.ethix.se/

- CSR Asia and Responsible Research launch Asian Sustainability Rating and report Sustainability in Asia (September 2010)

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- http://www.asiansr.com/ - http://www.responsibleresearch.com/

- Standard and Poor’s and Hawkamah launch Pan Arab ESG index (January 2011) - http://www.cleanenergybusinesscouncil.com/news.aspx?id=74

FTSE4 Good ESG Ratings (April 2011) - http://www.ftse.com/Indices/FTSE4Good_ESG_Ratings/index.jsp

Environmental Investment Organization launches Environmental Tracking Index Series (June 2011) http://www.eio.org.uk/ Basel Institute on Governance launches Basel AML Index (April 2012)

- http://www.baselgovernance.org/gov/

Bertelsmann Foundation releases report on sovereign risk: Blueprint for INCRA; An International Non-Profit Credit Rating Agency (April 2012)

- pdf: http://www.bertelsmann-stiftung.de/cps/rde/xbcr/SID-0F435379-B9493DA4/bst/xcms_bst_dms_35880_35881_2.pdf

- press release: http://www.bfna.org/media_advisory/a-blueprint-for-incra-an-

international-non-profit-credit-rating-agency

Equitable Origin launches ratings for oil and gas companies (April 2012) - http://www.equitableorigin.com/

Regierung des Furstentums Liechtenstein launches ratings agency (July 2012)

- http://www.regierung.li/

• Country Reports promoting ESG Policies in Capital Markets

IFC’s Enterprise Surveys - http://www.enterprisesurveys.org/

India: German GIZ and India develop SRI, CSR programs (since 2007)

- http://www.responsible-business.in/content/iica-giz-csr-initiative - India: Sustainable Investment in India; Delsus Limited; May 2007

- http://www.delsus.com/resources.html Denmark’s CSR and investment programs (2009; earlier policies) http://www.csrgov.dk/sw49166.asp

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- Brazil: Sustainable Investment in Brazil; Delsus Limited; June 2009 - http://www.delsus.com/resources.html

- India, Brazil: IFC country reports on sustainability and capital markets in India, Brazil (2009)

- http://www.ifc.org/sustainableinvesting

- 40 countries: UN Special Representative on Business and Human Rights begins study of corporate law and human rights in forty countries (October 2009)

- update: http://www.business-humanrights.org/SpecialRepPortal/Home/CorporateLawTools

- China: Sustainable Investment in China; Business for Social Responsibility (September 2009) - pdf:

http://www.bsr.org/reports/IFC%20Report%20LONG%20Updated%2016%20oct%20(2).pdf - Austalia, New Zealand: Responsible Investment Association Australasia releases report Responsible Investment 2009 covering Australia and New Zealand (November 2009) - pdf: http://www.ethicalinvestor.com.au/images/stories/RIAA_BnchmkRprt_2009.pdf

- UK, France: Novethic survey of UK and French ESG investment practices (November 2009) - pdf: http://www.novethic.com/novethic/v3_uk/upload/ESG_Survey_2009.pdf

- 10 countries: Social Investment Forum (US) report Corporate Sustainability Disclosure in Emerging Markets, re: Brazil, China, India, Indonesia, Israel, Malaysia, Mexico, Russian Federation, South Africa, and South Korea (December 2009) - pdf: http://www.socialinvest.org/projects/iwg/documents/EMDP_UNCTAD_REPORT.pdf

- Korea: Solability report on Korea (December 2009)

- http://www.solability.com/CSR_ESG_Sustainability_Korea_2009.pdf

- China: CSR Asia and Oxfam Hong Kong release Corporate Social Responsibility Survey of Hang Seng Index Constituent Companies 2009 (April 2010)

- http://www.csr-asia.com/publication.php

- Korea: Emerging Market Disclosure Project releases report on Korean companies (April 2010) - http://www.eiris.org/files/research%20publications/emdpkoreanreportapril2010.pdf

- France: Novethic report Achieving Investment Objectives Through ESG Integration (March 2010) - http://www.novethic.com/novethic/v3_uk/upload/ESG_Integration_2010.pdf

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- ASEAN: CSR Asia report, commissioned by ACCA: The Rise of the Report and the Regulator, Sustainability Disclosure Amongst Companies in Selected ASEAN Member Countries and Responses from Stakeholders (May 2010) - pdf: http://www.csr-asia.com/report/report_ASEAN_sustainability_disclosure.pdf

- Canada: Jantzi Sustainalytics and others release Corporate Social Reporting Initiative: Report to Minister of Finance (June 2010)

- pdf: http://www.sustainalytics.com/sites/default/files/Hennick%20FINAL%20REPORT.pdf

- close to 70 countries in the EIRIS analysis of sovereign bonds in Country Sustainability Ratings (June 2010)

- http://www.eiris.org/managers/ps_country_ratings.html

- 11 countries in Asia: Asia Corporate Governance Association and others release CG Watch 2010 (September 2010)

- pdf: http://www.acga-asia.org/public/files/CG_Watch_2010_Extract_Final.pdf

- Brazil: SustainAbility releases report on corporate reporting in Brazil (October 2010) - http://www.sustainability.com/library

- Austalia, New Zealand: Responsible Investment Association Australasia releases report Responsible Investment 2010 (November 2010) - http://www.responsibleinvestment.org/

-Korea: Korea Sustainability Investing Forum releases SRI Korea Report 2010 (December 2010)

-http://www.kosif.org/board/bbs/board.php?bo_table=publish&wr_id=9

Netherlands: Benchmark Responsible Investment by Pension Funds in the Netherlands (2010)

http://www.vbdo.nl/files/download/568/VBDO%20benchmark%20pensioenfondsen%202010%20DEF1.pdf

Middle East and North Africa: Sustainable Investment in the Middle East and North Africa Report (March 2011)

- http://www.ifc.org/ifcext/mena.nsf/AttachmentsByTitle/SustainableInvestmentMENA/$FILE/Sustainable+Investment+in+the+Middle+East+and+North+Africa+R.pdf

China Academy of Social Sciences provides Report Guide 2.0 for corporate reporting (2011)

- http://www.chinacsrreports.net/html/English/English.htm Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru: OECD and GCGF report

Achieving Effective Boards (June 2011) - http://www.gcgf.org/ifcext/cgf.nsf/Content/OECD_LAC

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South Africa, Nigeria, Kenya: IFC report Sustainable Investment in Sub-Saharan Africa

(July 2011) - http://www.ifc.org/ifcext/sustainability.nsf/Content/Publications_Report_SI-

SubSaharanAfrica

G-20 countries (19 countries and EU) described in rankings by new Environmental Rating Agency (June 2012) - http://environmentalratingagency.com/

- MSCI ESG ratings of sovereign debt (since January 2012) - http://www.msci.com/products/esg/sovereign_ratings/ India: GIZ report Responsible Finance – A Catalyst for Responsible Business (March

2012) - http://www.giz.de/Themen/en/SID-097BA60D-274ED950/dokumente/giz-2012-

responsibe-finance-en.pdf

China: MSCI ESG IVA Country Report: China (September 2012) - http://www.msci.com/resources/pdfs/IVA_Country_Report_China_Extract.docx.pdf

European countries: Novethic report ESG Strategies of Asset Owners; Different Scenarios Across Europe (November 2012) http://www.novethic.com/novethic/v3_uk/upload/ESG_Survey_2012.pdf

• Global and Regional Research Providers

ARISE (SRI trade association) releases revised SRI standard (November 2012) http://www.aristastandard.org/content/home.html

- Bloomberg Sustainability http://www.bloomberg.com/bsustainable/

CAER: Corporate Analysis, Enhanced Responsibility Australia http://www.caer.org.au/ CAMRADATA Analytical Services launches ESG Geographic Portfolio Analysis (March 2012)

- http://www.camradata.com/sri/

- GES Investment Services research for Nordic exchanges (since 2004) - http://www.ges-invest.com/pages/?ID=73

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GMI Ratings http://www3.gmiratings.com/index.php

- GMI partnership with Trucost, September 2012 http://www.businesswire.com/news/home/20110908006417/en/GMI-Partners-Trucost

IW Financial

- http://info.iwfinancial.com/

Just Screening - http://justscreen.com/

Maplecroft - http://maplecroft.com/

- MSCI - http://www.msci.com/ - http://www.msci.com/insights/responsible_investing/ - http://www.msci.com/products/indices/thematic/esg/

Novethic report: Overview of Extra-Financial Rating Agencies (September 2011)

http://www.novethic.fr/novethic/upload/etudes/20120306_overview_extra-financial_rating_agenciesv2.pdf

Regnan Australia http://www.regnan.com.au/ Reputex China http://www.reputex.com/ RepuTex ESG Connect http://esg-connect.reputex.com/zh

Solaron based in India; covers emerging markets http://www.solaronworld.com/ SynTao China http://www.syntao.com/

Sustinvest Korea

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http://sustinvest.com/

- Thomson Reuters and ASSET4 - http://thomsonreuters.com/ http://thomsonreuters.com/content/financial/pdf/i_and_a/asset4_esg_datafeed.pdf

Sustainalytics

- http://www.sustainalytics.com/

Vigeo’s ESG Ratings - http://www.vigeo.com/csr-rating-agency/en/actualites-a-presse/blog-9

• Public Policy Organizations

Brookings Institution Washington, DC http://www.brookings.edu/

paper: Mobilizing Ownership: An Agenda for Corporate Renewal; Stephen Davis

(June 2012) http://www.brookings.edu/research/papers/2012/06/01-shareholder-davis

• Academic Programs Promoting ESG Performance

Millstein Center for Global Markets and Corporate Ownership Columbia Law School Columbia University New York, NY http://www.law.columbia.edu/millsteincenter (online soon) http://www.law.columbia.edu/media_inquiries/news_events/2012/july2012/columbia-creates-3-new-centers

Initiative for Responsible Investment Hauser Center at Harvard University

Cambridge, MA report: On Materiality and Sustainability: The Value of Disclosure in the Capital Markets; Steve Lydenberg (September 2012) http://hausercenter.org/iri/wp-content/uploads/2010/05/OnMateriality_Final.pdf

report: From Transparency to Performance: Industry-Based Sustainability Reporting on Key Issues; Steve Lydenberg, David Wood and Jean Rogers (June 2010)

- http://hausercenter.org/iri/?page_id=6

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European Centre for Corporate Engagement

School of Business and Economics Maastricht University The Netherlands http://www.corporate-engagement.com/ Sustainable Finance Project of the Law and Financial Markets Project London School of Economics United Kingdom http://www.lse.ac.uk/collections/law/projects/lfm.htm publications: http://www.lse.ac.uk/collections/law/projects/sustainable/sustainable.htm article: What Makes a Bank a “Sustainable Bank”? (Fall 2012) http://www.lse.ac.uk/collections/law/projects/sustainable/Law%20and%20Economics%20Yearly%20Review%202012_1%20McCormick.pdf

UC Berkeley’s Haas school, National University of Singapore, Tilburg University, Maastricht University, and Duisenberg finance school establish FSinsight portal on finance and sustainability: http://fsinsight.org/ Duisenberg School of Finance Maastricht University Amsterdam The Netherlands Programmes in Finance & Sustainability

http://www.dsf.nl/home/professional_education/Programmes_in_Finance_&_Sustainability

• Key International Organizations and Programs for Future Partnerships

- UNEP Finance Initiative Geneva - http://www.unepfi.org/

- UN Global Compact

New York - http://www.unglobalcompact.org/

- UN Principles for Responsible Investment

- Geneva

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- http://www.unpri.org/

- International Finance Corporation Washington, DC - http://www.ifc.org/

- http://www.ifc.org/ifcext/sustainability.nsf/Content/Publications_SustainableInvesting - Global Corporate Governance Forum International Finance Corporation Washington, DC - http://www.gcgf.org/ GCGF’s Training Program on Corporate Governance Reporting (since 2007) http://www.gcgf.org/ifcext/cgf.nsf/Content/Media_Training_Program GCGF, IFC and International Center for Journalists release report Who’s Running the Company: A Guide to Reporting on Corporate Governance (2012)

http://www.icfj.org/sites/default/files/Whos%20Running%20the%20Company%20-%20Lo%20Res.pdf

report launch:

http://www1.ifc.org/wps/wcm/connect/topics_ext_content/ifc_external_corporate_site/global+corporate+governance+forum/events/practitioners+meet+in+vienna+to+plan+roll-out+of+media+training+guide

- International Organization of Securities Commissions

Madrid - http://www.iosco.org/

- World Federation of Exchanges

Paris - http://www.world-exchanges.org/

- http://www.world-exchanges.org/sustainability/

- Six Regional Stock Exchange Federations - Asia: http://www.aosef.org/

- Euro-Asia: http://www.feas.org/ - Europe: http://www.fese.eu/en/ - South Asia: http://www.safe-asia.com/index.php - Americas: http://www.fiabnet.org/ - Africa: http://www.africansea.org/ - International Association of Insurance Supervisors Basel - http://www.iaisweb.org/

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- Association for Sustainable & Responsible Investment in Asia

Hong Kong - http://www.asria.org/

- Equator Principles Association

- http://www.equator-principles.com/

- Global Alliance for Banking on Values The Netherlands

- http://www.gabv.org/

• Resources for Research and Training

- International Corporate Governance Network’s ESG Integration Programme for investment community (March 2012) London

- http://www.icgn.org/masterclass-curriculum.php

- International Centre for Financial Regulation - London - http://www.icffr.org/

- Better Markets promotes financial markets reform (since 2010)

Washington, DC http://www.bettermarkets.com/

- IFC’s Enterprise Surveys - http://www.enterprisesurveys.org/

- GovernanceMetrics International

- http://www.gmiratings.com/

- UNEP Finance Initiative report Demystifying Responsible Investment Performance (October 2007)

- http://www.unepfi.org/work_streams/investment/amwg/

- World Bank Program: Reports on the Observance of Standards and Codes - http://www.worldbank.org/ifa/rosc.html

- OECD Program Policy Framework for Investment

http://www.oecd.org/investment/pfitoolkit

- Institute for Responsible Investment at Boston College report Handbook for Climate-

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related Investing Across Asset Classes (May 2009) - pdf: http://bcccc.net/Handbook_ClimateRelatedInvesting.pdf

- Responsible Research Pte Ltd (based in Asia)

- http://www.responsibleresearch.com/

- Mercer report Shedding light on responsible investment: Approaches, returns and impacts (November 2009)

- http://www.mercer.com/ri - UK Social Investment Forum’s Sustainable Capital Markets Library

- http://www.uksif.org/projects/policy/sustainable_capital_markets_library

- IRRC Institute’s research program - http://www.irrcinstitute.org/projects.php

- Institute for Social Banking

Germany - http://www.social-banking.org/

- Journal of Sustainable Finance & Investment (announced February 2010) - http://www.earthscan.co.uk/Portals/0/journals/JSFIPressrelease.pdf

- launch: http://www.earthscan.co.uk/tabid/102398/Default.aspx

- Michael Krzus and Robert Eccles, One Report: Integrated Reporting for a Sustainable Strategy (March 2010)

- http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470587512.html

- Journal of Environmental Investing (April 2010) - http://thejei.com/

- The Landscape of Integrated Reporting, Harvard Business School (November 2010) - http://www.hbs.edu/environment/docs/

- Preventable Surprises is launched to address opportunities for investment community to

reduce systemic risks (Spring 2011) - http://preventablesurprises.com/

- Iveta Cherneva, The Business Case for Sustainable Finance (June 2012) - http://www.routledge.com/books/details/9780203111307/

- FSinsight, published by a network of academic partners - http://fsinsight.org/

- FSinsight publishes Lloyd Kurtz’s guide to social and sustainable investment (February

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2013) - http://fsinsight.org/insights/detail/looking-forward-looking-back-a-hitchhikers-guide-to-

research-on-social-and-sustainable-investment

- the Financial Times publishes special reports on a range of themes on business and society during the year

- http://www.ft.com/reports

• ESG Conferences

- Conference listings (ESG matters and related themes) - http://www.csrwire.com/events

UNEP Finance Initiative Roundtables (since 1994)

http://www.unepfi.org/grt/ - TBLI Europe ESG Conferences (since 2000)

- http://www.tbli.org/tbli-conference.html - ESG awards: http://esg.ipe.com/About_ESG_Awards.asp

- TBLI Asia ESG Conferences (since 2006) - http://www.tbli.org/tbli-conference.html

TBLI US ESG Conferences (since 2013)

- EFFAS Commission on ESG (since 2007)

- http://www.effas-esg.com/

- ESG Europe (since 2008) http://www.responsible-investor.com/

- ESG USA (since 2009) New York - http://www.responsible-investor.com/

- Novethic Annual ESG Strategies for Responsible Investors (since 2008) - Paris

- http://www.novethic.com/novethic/annual_event - Financial Times and Social Investment Forum annual conferences (since 2009)

New York, NY - http://www.ftconferences.com/csr2011

- Sustainable Emerging Markets by Responsible Investor and others (since 2010)

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London - http://www.c5-online.com/2011/609/sustainable-emerging-markets

- Emerging Markets Corporate Governance Research Network - Seoul

- http://www.gcgf.org/ifcext/cgf.nsf/Content/Research

Sustainable Finance Summit London - http://events.ethicalcorp.com/finance/index.shtml

Finance Watch Brussels

http://www.finance-watch.org/conference-programme/

US Social Investment Forum annual conferences (since 2011) Washington, DC

- http://ussif.org/events/

Global investment alliance members (since 2013) - http://www.gsi-alliance.org/events/

University of Geneva convenes Geneva Summit on Sustainable Finance

March 19, 2013 http://www.geneva-summit-on-sustainable-finance.ch/

Michael J. Kane kane.michael@epa - Ethics...

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