Tag: corpgov

ESG Developments This Week In Washington, D.C. SEC continues internal debate about its role in ESG investing On July 20, SEC Commissioner Hester Peirce delivered an address at the Brookings Institution in which she again made the case that the SEC’s current leadership is overstepping both its regulatory mandate and the bounds of what is…

ESG Developments This Week In Washington, D.C. SEC Commissioner Lee delivers speech about board’s role in ESG oversight On June 28, SEC Commissioner (and former acting director) Allison Herren Lee delivered the keynote address at the 2021 Society for Corporate Governance National Conference. In her speech Lee encouraged corporations to make wise decisions when choosing,…

ESG Developments This Week In Washington, D.C. SEC Chairman signals deeper look into ESG investing  In a speech last week to London City Week, SEC Chairman Gary Gensler explained to the audience—and to the financial services world more broadly—that he does not intend for sustainability and climate disclosures from publicly traded companies to constitute the…

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics. ESG Developments This Week In Washington, D.C. House passes ESG disclosure act On June 16, the U. S. House…

ESG Developments This Week In Washington, D.C. SEC commissioner on costs of new ESG disclosure rules  On June 3, Elad Roisman, one of two Republicans commissioners on the SEC, gave a speech in which he appeared consigned to what he calls the inevitability of new mandatory environmental and workforce disclosure rules: “There have been several…

ESG Developments This Week In Washington, D.C.ESG developments this week Proposed legislation would further integrate ESG into retirement plans  On May 27, four House Democrats introduced legislation they argue is aimed at promoting ESG transparency. The bills, Sustainable Investment Policies Act and the Retirees Sustainable Investment Opportunities Act, would continue the House’s efforts to overturn…

ESG developments this week In Washington, D.C. Biden Executive Order prompts Labor Department to revise rules limiting ESG This past week, President Biden issued an Executive Order asking the Labor Department to begin the process of undoing a Trump administration rule warning asset managers about their fiduciary responsibilities under ERISA: “President Joe Biden has issued…

ESG developments this week In Washington, D.C. Is the SEC making its move?  On May 14, FoxBusiness’s Charles Gasparino reported that the new SEC chairman, Gary Gensler, has asked his staff to begin investigating whether corporations are making proper ESG disclosures and, if they are not, to charge them with fraud. Gasparino wrote: “Wall Street’s…

ESG developments this week In Washington, D.C. ESG references in federal lobbying reports on the rise On April 29, Roll Call reported that references to ESG in federal quarterly lobbying reports have grown over the last few months—coinciding with the start of the Biden administration. According to the paper, lobbying mentions of ESG had risen…