Author: Mark Schoeff Jr.

A Capital Group survey released during Schwab Impact cites a lack of consistency in ESG scores, varying company disclosures and differing third-party ratings.

Congress likely would propose more sustainable infrastructure investment once the ball gets rolling, expert says at Schwab Impact.

Democratic bills in Congress would codify the Biden administration’s proposal, but Republican support is lacking.

GOP senators assert that the SEC’s effort to expand ESG reporting pushes a social policy agenda, while the SEC chair says agency is reacting to investors’ demands for more information.

Even though advisers don’t have to comply with the rule for more than a year, it ranked as the hottest compliance topic, according to a survey; cybersecurity and climate change/ESG were other areas worrying advisers.

The SEC leader used an analogy inspired by the 2020 Olympic Games to support increased public-company reporting. ‘It’s time for the Commission to take the baton,’ he posted on Twitter.

A recent survey showed most public companies are revealing information on climate change, but want mandatory ESG disclosures to be flexible.

Chairman Gary Gensler says agency is looking into what asset managers mean when they call funds ‘sustainable.’

Sens. Patrick Toomey, R-Pa., and Ron Johnson, R-Wisc., say proxy votes by BlackRock and State Street Global Advisors promote ‘left-leaning’ ESG priorities over investment returns.

Rep. Patrick McHenry, R-N.C., accuses Democrats of trying to ‘cater to the far left.’ Democrats say ESG, diversity data is crucial.

The agency’s role is not to determine whether any particular strategy is a good one, but to ensure investors know what they are getting, according to Securities and Exchange Commission member Hester Peirce.