Tag: economy and society

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…

ESG developments this week In Washington, D.C. New SEC Chair sworn in On April 14, Gary Gensler was confirmed by the U.S. Senate (in a mostly party-line 53-45 vote) as the new chair of the Securities and Exchange Commission (SEC). He was sworn in April 17 by Maryland Senator Ben Cardin (D) in a small…