IFSWF Santiago Principles

Sovereign wealth funds mark major transparency milestone

LONDON, 27 February 2017 – The members of the International Forum of Sovereign Wealth Funds (IFSWF) have today published their own assessments of how they apply the Generally Accepted Practices and Principles, known as the Santiago Principles. The Principles cover three major themes of good practice in governance, investment processes and risk management.

For the first time, 29 members of the world’s largest community of state-owned investors have simultaneously published their Santiago Principle self-assessments. These are now fully accessible online and searchable by the public. In 2014, 15 sovereign funds published these documents.

Duncan Bonfield, CEO of the IFSWF Secretariat, said, “this is an important milestone for sovereign wealth fund transparency and disclosure. Our members often concentrate on communicating with their local audiences, in their own language. These self-assessments, in English, provide the international financial community with valuable insight into our members’ policies and structures.”

Accompanying the self-assessments is a study, Trends in Transparency: Santiago Principle Self-Assessments 2016, by a team from SovereigNET at the Fletcher School, Tufts University. The study, drafted with the cooperation and support of the IFSWF Secretariat and Governance Committee, highlights the major trends from the self-assessment documents.

About the International Forum of Sovereign Wealth Funds

Formed in 2009, the International Forum of Sovereign Wealth Funds (IFSWF) is a voluntary organisation of global sovereign wealth funds committed to working together and strengthening the community through dialogue, research and self-assessment and promoting a deeper understanding of sovereign wealth fund activity.

Find out more at www.ifswf.org

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