Tag: economy and society

In this week’s edition of Economy and Society: In Washington, D.C. Federal prosecutors subpoena banks over alleged closure of accounts and denial of services What’s the story?  According to reporting from The Wall Street Journal, the U.S. Attorney’s Office in Washington, D.C. has subpoenaed major banks as part of investigations into the alleged closure of…

In this week’s edition of Economy and Society: Around the world Global taskforce releases draft framework for social disclosure What’s the story? The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) released a draft framework on May 26, 2026, designed to help companies disclose how their business practices affect workers, consumers, and communities. The framework…

In this week’s edition of Economy and Society: In Washington, D.C. SEC formally proposes rescinding Biden-era climate disclosure rule What’s the story? The Securities and Exchange Commission (SEC) formally proposed rescinding its 2024 climate-risk disclosure rule on May 29, 2026. SEC Chair Paul Atkins directed the proposal, which states that the 2024 rules are "a…

In this week’s edition of Economy and Society: In the states Texas, Nebraska, Iowa, West Virginia sue ISS over ESG disclosures What’s the story? Four Republican state attorneys general filed lawsuits on May 20, 2026, against Institutional Shareholder Services (ISS), accusing the proxy advisory firm of violating state consumer protection laws by failing to disclose…

In this week’s edition of Economy and Society: In the states New York replaces 2030 emissions goal with 2040 target What’s the story? New York Governor Kathy Hochul (D) announced a proposed $268 billion budget on May 7, 2026, that would change emissions reduction targets and regulatory deadlines under the state's 2019 Climate Leadership and…

In this week’s edition of Economy and Society: In Washington, D.C. SEC moves to rescind 2024 climate disclosure rule What’s the story? The Securities and Exchange Commission (SEC) submitted a proposal to rescind its 2024 climate-risk disclosure rule to the Office of Information and Regulatory Affairs on May 4, 2026. The rule never took effect…

In this week’s edition of Economy and Society: In the states Proxy advisors sue Indiana and Kansas over disclosure laws What’s the story? Institutional Shareholder Services (ISS) and Glass Lewis filed lawsuits in April 2026 challenging state laws in Indiana and Kansas that require the proxy advisory firms to disclose when their voting recommendations differ…

In this week’s edition of Economy and Society: Around the world Sustainability standards board declines mandatory nature reporting requirement What’s the story? The International Sustainability Standards Board (ISSB) announced on April 22, 2026, that it will develop a voluntary practice statement for companies to provide nature-related disclosures rather than issue a separate mandatory statement.  Practice…

In this week’s edition of Economy and Society: Around the world U.S., Europe diverge on ESG investing What’s the story? According to a Financial Times analysis published on April 19, 2026, diverging attitudes underscore a widening divide between the U.S. and Europe over investment approaches on environmental, social, and governance (ESG) investing, with asset managers…

In this week’s edition of Economy and Society: In Washington, D.C. Labor Department promotes ESG critic to policy director What's the story? Justin Danhof, a critic of environmental, social, and governance (ESG) investing, was promoted to policy director at the Department of Labor's Employee Benefits Security Administration (EBSA), according to Pensions & Investments. Danhof announced…