The Managed Funds Association and the Alternative Investment
Management Association (collectively, the "Associations")
advocated for IOSCO and global securities
regulators to impose standardized environmental, social and
governance ("ESG") disclosure requirements on
issuers.
The Associations also urged IOSCO to adopt a
"framework" for investment managers to use to supply
clients or prospective clients with general information as to what
the composition of a fund or portfolio managed by those investment
managers might look like. The Associations were opposed to any
requirement that advisers incorporate an ESG element in their
decision-making, saying that such decisions should be left to
investors.