Tag: esg

  • Labor Department ends enforcement of Trump administration ESG rule

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    ESG developments this week In Washington, D.C. Labor Department ends enforcement of Trump administration ESG rule  On March 10, the Biden administration announced that it will not enforce a Trump administration Department of Labor rule warning asset managers about their fiduciary responsibilities under ERISA (The Employee Retirement Income Security Act of 1974), specifically concerning ESG-related…

  • Economy and Society: SEC announces enforcement task force on ESG issues

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    ESG developments this week In Washington, D.C. SEC reviewing ESG disclosure practices of publicly traded companies Late last month, the Securities and Exchange Commission, led by acting Chair Allison Herren Lee, announced that it has started reviewing ESG disclosure practices and demands among the publicly traded corporations it regulates. According to Lee, “Now more than…

  • Economy and Society: Congressional hearing puts focus on ESG opposition

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    ESG developments this week In Washington, D.C. Congressional hearing puts focus on ESG opposition On February 25, the House Subcommittee on Investor Protection, Entrepreneurship and Capital Markets held a hearing titled “Climate Change and Social Responsibility: Helping Corporate Boards and Investors Make Decisions for a Sustainable World”. According to S&P Global Market Intelligence, the virtual…

  • Economy and Society: Yellin announces US role to address climate change through financial structures

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    ESG developments this week In Washington, D.C. Yellin announces US role to address climate change through financial structures  Two weeks ago, Treasury Secretary and former Fed Chair Janet Yellen told a virtual meeting of G7 finance ministers and central bankers that the United States intends to play a significant role in addressing perceived climate change…

  • Economy and Society: SEC disclosure rules meet resistance

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    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. SEC disclosure rules meet resistance from potential ESG allies The Biden…