Tag: ESG

The Pushback on E.S.G. Investing – The New York Times

While speaking about energy policy in Texas yesterday, former Vice President Mike Pence, a potential 2024 Republican presidential contender, said he wanted to “rein in” E.S.G., or investing based on environmental, social and governance principles. He is not alone. Some notable names are pushing back as businesses get increasingly tangled up in cultural and political fights, and as the federal…

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SEC Charges Brazilian Mining Company with Misleading Investors about Safety Prior to Deadly Dam Collapse

“Many investors rely on ESG disclosures like those contained in Vale’s annual Sustainability Reports and other public filings to make informed investment decisions,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. “By allegedly manipulating those disclosures, Vale compounded the social and environmental harm caused by the Brumadinho dam’s tragic collapse and undermined investors’ ability to evaluate the…

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SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors

The Securities and Exchange Commission today proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition, and certain climate-related financial statement metrics in a note to their audited…

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Regulatory Scrutiny of ESG Greenwashing Is Intensifying – Bloomberg

Pressure is increasing on managers of ESG-labeled investment funds to show they’re being truthful with customers about what they’re selling. The heat was really turned up last week when the U.S. Securities and Exchange Commission and BaFin, Germany’s financial regulator, initiated a probe into allegations that Deutsche Bank AG’s DWS Group asset-management arm has been misstating the environmental—and possibly the…

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ESG materiality, disclosures spur opposing views at SEC | Article | Compliance Week

If the SEC writes rules that order public companies to disclose ESG-related risks in the areas of climate change, board diversity, corporate political donations, ethical supply chain procurement, and more, should the agency establish its own ESG framework on which those disclosures would be based? Or should it simply peg them to established ESG standards, like those being developed by…

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SEC will not assess merit of ESG investments: Peirce

In a statement released Monday, Peirce provided her interpretation of a recent SEC risk alert on ESG investing that warned advisers, investment companies and funds about compliance shortcomings. The alert said recent examinations have found instances of misleading claims as well as inadequate policies, procedures and documentation regarding ESG products and portfolios. “Our examiners are not — and will not…

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Cyber Cases May Offer Clues to SEC ESG Enforcement

As the SEC has become more vocal in its expectations for environmental, social, and government (ESG) disclosure, serious questions remain about how ESG matters will be investigated and what enforcement measures might look like. Indicators suggest that the SEC will establish formal regulations regarding ESG disclosure, and the SEC has simultaneously suggested that it plans to ramp up enforcement across the board where it already…

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SEC Responds to Investor Demand by Bringing Together Agency Information About Climate and ESG Issues

The SEC today launched a new page on its website to bring together agency actions and the latest information about climate and environmental, social and governance (ESG) investing. In response to increased investor demand for this information, the page will appear on the front page of SEC.gov and will be updated as the agency continues to respond to investors. Source: SEC.gov…

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