The CFA Institute has been forced to defend its efforts to create a global standard for environmental, social and governance investing after a number of large asset managers criticized the initiative, reports the FT.com.
The CFA plans to issue the next draft of its voluntary standard in May 2021 and believes its experience with the development of widely used global investment performance standards, known as GIPS, means it is well situated for becoming a global ESG standard-setter.
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