The International Capital Markets Association (ICMA) has set up an ad hoc working group to discuss ESG transparency of asset-backed securities (ABS).
As a first step the working group has issued a statement laying down current challenges for this specific asset class and the buy-side. Next steps are to identify key performance indicators for three sub ass classes (auto-loans, RMBS and CLOs) which could then be embraced by market participants and/or regulators.
ABS investors and originators who would like to join these conversations can contact the AMIC secretariat.