Since the start of the Biden Administration, the SEC has focused on promoting ESG-related disclosures to provide investors with more information about how companies will both impact and be impacted by climate change. In February 2021, then Acting Chair of the SEC Allison Herren Lee directed the...
On July 7, the Securities and Exchange Commission (SEC) Asset Management Advisory Committee (the Committee) adopted recommendations developed by the Environmental, Social and Governance (ESG) Subcommittee related to ESG disclosure by registered issuers (the Recommendations). The Recommendations are intended...
The SEC clarified that where the final rules reference “materiality,” the application will be consistent with existing SEC disclosure rules and market practices and that materiality refers to the importance of information to investment and voting decisions about a particular company...
In the past, the agency has cited the broad provisions ofSection 206 of the Advisers Act, which requires disclosure of material facts to bring ESG-related actions. But since last November, the SEC has gained broader authority under the newly implementedMarketing Ruleto examine all of firms’ c...
MAHONEY, PAUL G.MAHONEY, JULIA D.Regulation
Transparency and disclosure: The SEC mandates thorough, accurate, and timely disclosures from those offering publicly traded securities.12 Investor protections: The SEC is to ensure fair and honest treatment of investors by overseeing key players in the securities industry: securities exchanges,broker-de...
related disclosure in their CSR reports than their SEC filings, they might have to explain the difference, even though CSR reports are not standardized and are not required disclosure to the SEC. Whether this hints at a future CSR requirement as a result of the ESG agenda, only time ...
Integrate cybersecurity into the"G" in ESG Evaluate their currentgovernance, risk, and compliance (GRC)processes and readiness to manage a significant cybersecurity incident with regard to the new disclosure rules Conduct a cybersecurity risk assessment as a part of their overall enterprise risk mana...
9.ESG Today《SEC Approves Scaled-Back Climate Disclosure Rules》2024.3.6 10.ESG Today《EU Parliament Adopts Nature Restoration Law, Overcoming Last-Minute Objections》2024.2.26 11.中国证券报《MSCI:2023年全球董事会中女性代表比例改善 不同地域增速存在差异》2024.3.6 ...
The SEC cited its mandate for investor protection granted to it by the US Congress under the Securities and Exchanges Act of 1934 as the basis for its authority to require disclosure of climate-related information. In its filing, the SEC argues that the rule is within its authority as securi...