Congressional Democrats ask SEC to finalize ESG disclosure rule (2024)
| Environmental, social, and corporate governance |
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Twenty-one congressional Democrats sent a letter to SEC Chairman Gary Gensler on May 13 requesting that the commission continue finalizing its rule requiring additional disclosures for self-identified ESG investment funds:
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The Democrats asked Securities and Exchange Commission Chair Gary Gensler to finish a rule proposed in 2022 that would require managers of mutual funds, exchange-traded funds, and other investment products that are marketed as sustainable to be more transparent about the makeup of those funds. That rule complements another regulation the agency finalized last September that scrutinizes the use of ESG labels on investment funds. 'Finalizing this rule is critical for addressing greenwashing and other exaggerated or unfounded ESG-related claims amongst funds and investment advisers,' the lawmakers wrote in their letter. The request comes on the heels of another ESG-related disclosure rule the agency finalized in March, requiring companies to report their greenhouse gas emissions. The lawmakers said they were “encouraged” by the climate rules and want the agency to take another step toward increased sustainability disclosure.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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