Mandatory ESG disclosures are a political inevitability
The SEC’s flurry of activity has drawn concern not only from Capitol Hill Republicans but also the agency’s Republican commissioners, Elad Roisman and Hester Peirce.
Author: Mark Schoeff Jr.
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House Republicans warn SEC against climate disclosure requirements
GOP members of House Financial Services Committee question whether climate risk meets the materiality standard.
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Legislation would require ESG factors in investment decisions
The bills amend the Investment Advisers Act and federal retirement law to promote sustainable investing. The document must describe the factors advisers use in making investment decisions and they must ‘align with an ESG framework’
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Democratic-led SEC lets investors determine ESG materiality
The agency likely will propose disclosure rules and has already outlined compliance shortfalls, according to experts at the InvestmentNews Global ESG Summit.
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Rep. Casten pushes climate disclosure bill to strengthen SEC’s hand
The legislation advances to the House floor as the SEC is taking public comments on increasing ESG reporting requirements.
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Climate-risk disclosure bill faces tough legislative path
The measure, written by Democratic lawmakers, will have a hard time finding Republican votes. But it does send a signal of support to the SEC for tougher ESG oversight.
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Entire SEC must be involved in climate risk, ESG policy changes, says member Peirce
The GOP commission member said the agency should provide guidance before bringing enforcement cases.
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SEC establishes task force on ESG issues
The move is the latest effort by the agency to emphasize oversight of sustainability disclosure and investing.
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SEC to emphasize climate risk in exams, step up Reg BI reviews
The agency is ‘integrating climate and ESG considerations into [its] broader regulatory framework,’ Acting Chair Allison Herren Lee says.
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Gensler quizzed on climate disclosure, mandatory arbitration in confirmation hearing
The focus on the climate and finance at the hearing likely was a harbinger of the priority the SEC will place on environmental, social and governance investing under Gensler. But Reg BI was ignored.
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DOL nominee Walsh raises concerns about Trump rule curbing ESG retirement investing
Walsh says he will tell EBSA to reexamine the regulation, which an expert says has led to ESG products being taken off of retirement plan platforms.