Biden’s SEC chair likely to take ‘hard look’ at ESG
Democratic member Caroline Crenshaw predicts climate risk will likely be on the agenda at the agency.
Democratic member Caroline Crenshaw predicts climate risk will likely be on the agenda at the agency.
Michigan Democrat Andy Levin plans to introduce two bills in the House addressing ESG.
The commissioner suggested the SEC think about standardized reporting on climate risk for public companies and investment funds.
Agency takes the term ‘ESG’ out of the text, but opponents say the regulation’s chill factor remains.
More than 95% of nearly 8,700 comment letters opposed the rule, according to a recent study by US SIF.
Morningstar’s director of policy research talks about what DOL’s regulation would mean for the use of socially responsible investing in retirement plans.
DOL proposal likely would chill the use of socially responsible investments in retirement accounts; the SEC focuses on disclosure.
The proposed restrictions on environmental, social and governance funds in 401(k)s would perpetuate racial discrimination, a group of lawmakers wrote.