A new report by IFC, the United Nations Global Compact, and the Swiss government finds that although the financial industry understands the necessity of developing methodologies and tools that examine environmental issues in the investment process, it is still not standard practice. The 2008 Who Cares Wins report urges the financial industry to advance efforts to integrate environmental, social, and governance (ESG) issues into mainstream investment decision-making...Ambassador Thomas Greminger...[from] Federal Department of Foreign Affairs (Switzerland), said, "Better ESG performance and integration...requires not only market incentives but standards set by regulation. Governmental responsibilities in this regard call for regulation..."