While potentially prohibiting these actions was in the original proposed rule, the SEC decided not to implement them, but instead provided clarifying guidance as to how it views these practices. Regarding fees for unperformed services, the prime example is that GPs create multi-year contacts with ...
The SEC also made clear that it is prepared to initiate enforcement action on the basis of companies’ inadequate climate risk disclosures. As noted, on March 4, the SEC issued a press release announcing the deployment of a 22-member task force to examine “misconduct” in the ESG disclosure...
The SEC ESG disclosures ensure that financial institutions in the US report on the environmental impact of their investments. Read the blog to learn more.
JD.com enhanced its Environmental, Social and Governance (ESG) program with the launch of the China E-Commerce & Logistics Packaging Standard Alliance together with FMCG brands including Procter & Gamble, Johnson & Johnson, Mengniu, Unilever, Heinz, as well as packaging giant Amcor and the China...
The Securities and Exchange Commission (SEC) is warning that the lack of a standardized definition for environmental, social and governance (ESG) investing threatens to cause “confusion” in the marketplace, while citing a few investment firms’ “simple and clear” disclosures as potential models...
(ESG) related investment strategies to provide enhanced ESG-related disclosures to the SEC and fund investors; These proposals follow the SEC’s proposal to require extensive climate-related disclosures from public companies and the formation of the SEC’s Climate and ESG Task Force in its ...
The SEC's new climate risk disclosure rules will bring consistency to businesses reporting climate data, said Judson Aiken, senior director of risk and ESG solutions at AuditBoard, in a statement. The rules are a step forward in bringing "sustainability reporting on par with financial reporting,"...
Brazil Mogul Wants to Sell the World’s Best ESG Chocolate; Dengo is investing $20 million to expand its sustainable sweets in Europe and North America. Rachel Gamarski – Bloomberg Most people would look at the paradisiacal coast of Bahia in northeastern Brazil and think of beachy holidays ...
Today, ESG investing accounts for $17.1 trillion— or $1 in $3 — of the total U.S. assets under professional management. The challenge for the SEC is to ensure that claims being made about the sustainability of a company are based on reality. The trend toward ESG investment has led to...
Environmental, Social, and Governance (ESG) Disclosures In recent years, the SEC has made a significant push to get American public companies on board withESGpractices. In March 2024, the SEC also adopted new rules requiring public companies to disclose detailed information on climate-related risks...