The Global Principles for Sustainable Securities Lending Community Interest Company (Global PSSL CIC) has announced a strategic partnership with the Confide Platform to revolutionise internal accountability and governance within sustainable finance.
Through the collaboration, Confide Platform’s capabilities will be leveraged to ensure confidential, efficient, and transparent resolution of grievances and internal conflicts.
This initiative is in line with Global PSSL’s commitment to uphold and enhance its Principles and other issued standards and recommendations.
The partnership also aims to inject more factual discourse into the public arena, benefiting stakeholders across the sustainable finance sector.
This long-term collaboration will see both organisations working closely to foster a safer environment for market change-makers.
Radek Stech, CEO & Founder of Global PSSL CIC expressed his enthusiasm, “At Global PSSL, our mission has always been to drive genuine improvements in the securities lending value chain. However, like many in the sustainable finance field, we encounter significant hurdles that can be mitigated through stronger governance. Our alliance with Confide creates a safe environment for market change-makers, shielding them from obstacles that impede positive change. This partnership is a significant step towards healing governance aspects of sustainable finance in the long-term.”
Pav Gill, Founder & CEO of Confide added, “The Confide Platform provides, among other things, an anonymous and fully encrypted channel through which to report misconduct, compliant with applicable law and directives such as the EU Whistleblowing Directive. This simplifies the complex standards and protections required for anonymous whistleblowers, ensuring a secure and effective reporting mechanism.”.
Michael Riggs, Programme Advisor at Global PSSL Secretariat said, “Global PSSL is a standard founded on transparency and fair business practices. It has continued to evolve to ensure it is fit for purpose to achieve its mission. By allying with Confide, we offer a mechanism by which concerned parties can anonymously and efficiently resolve any potential grievances. It is a clear sign that Global PSSL will not only promote good governance, but it will also lead through action.”
This partnership represents a significant step forward in improving governance and accountability within the sustainable finance sector, paving the way for a more transparent and secure financial ecosystem.
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