Tag: esg
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Economy and Society: SEC Chairman signals deeper look into ESG investing
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…
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Economy and Society: House passes ESG disclosure act
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…
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Economy and Society: SEC commissioner addresses costs of new ESG disclosure rules
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…
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Economy and Society: SEC halts enforcement of proxy advisory amendments
ESG Developments This Week In Washington, D.C. SEC halts enforcement of proxy advisory amendments In July 2020, the Securities and Exchange Commission amended several rules under the Securities and Exchange Act of 1934, codifying 2019 regulatory guidance requiring greater scrutiny of Proxy Advisory Services. The amendments went into effect in November 2020 and were scheduled…
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Economy and Society: Proposed legislation would further integrate ESG into retirement plans
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…
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Economy and Society: Labor Department ordered to revise rules limiting ESG
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…
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Economy and Society: SEC to begin investigating ESG disclosures
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…
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Economy and Society: ESG references in federal lobbying reports on the rise
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…