Just over 20 years ago, CFA Institute, the global association of investment professionals, internationalised the Global Investment Performance Standards (GIPS), which became the de facto methodology, solving the problem of diverse country-specific methods of reporting investment numbers.
Now, CFA Institute is developing an ESG disclosure standard for investment products, with an expected launch in May 2021.
RI spoke to Gary Baker, Managing Director of CFA Institute Europe, Middle East and Africa (EMEA), about how this work on ESG standards could look and evolve.
Baker previously held roles including Managing Director, Deputy Head of Research, with Jefferies, the boutique investment bank, and as Managing Director, Chief European Equity Strategist at Merrill Lynch.
RI: In the CFA Institute’s announcement on its planned disclosure standards Margaret Franklin, President and CEO, said: “In the face of growing interest in ESG investing, we fou…