Sierra Club files lawsuit against SEC over final climate risk disclosure rule
SEC accused of ‘capitulating’ to industry lobbyists
SEC accused of ‘capitulating’ to industry lobbyists
Rule ‘should be seen as a floor, not a ceiling’
Order finds firm failed to follow the ESG investment processes it marketed
80% investment policy to cover ESG factors
Shareholder engagement, the energy transition and regulation will get a lot of attention
Shareholder engagement, the energy transition and regulation will get a lot of attention
The SEC also has custody and ETF regulations ahead, while the DOL works on the next iteration of a rule for retirement accounts
Target-date funds that are sustainable or responsible are fair game, but there aren’t many of them
Both the Labor Department and the SEC are working on proposals whose thrust is to encourage the use of ESG factors, in an abrupt reversal of Trump administration policy.