THE Securities and Exchange Commission (SEC) has rolled out rules that will serve as a guide for investment companies in boosting sustainable and responsible investing.
THE Securities and Exchange Commission has rolled out rules that will serve as a guide for investment companies in boosting sustainable and responsible investing.
The rules also apply to non-SRI investment companies that incorporate sustainability factors in their investment objective and disclose these in their registration statement. Investment companies that will seek to qualify as an SRI Fund must submit to the SEC how the name of the fund is proportionate to the sustainability features of the SRI Fund as a whole.
SRI Funds may adopt negative or exclusionary screening, positive screening, ESG integration, active ownership, thematic investment, impact investment, and other sustainable investment strategies that the regulator sees as helping companies achieve their objectives. An SRI Fund will also have reportorial requirements, which should include confirmation of compliance with SRI rules, description of the SRI Fund, description of the basis of assessment, and comparison of periodic assessment.
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