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SEC climate and brokerage disclosure rules now expected in April (2023)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
The Securities and Exchange Commission’s final rule on climate disclosures for publicly traded companies is now expected in April of next year, as is the commission’s rule on disclosures for investment advisors using the ESG label, according to a Wealth Management report.
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The SEC could unveil the final versions of dozens of its rules as early as April, according to the White House Office of Management and Budget. The potential final rules include those restricting conflicts for brokers using AI and other data tools, as well as ESG disclosures for investment advisors. … In addition to SEC rules on “predictive data analytics” and ESG disclosures for advisors, the OMB lists the commission’s oft-delayed rule to standardize climate-related disclosures for issuers as having a tentative April 2024 date for its “final action.” … The ESG disclosure rules for advisors purports to take on “greenwashing” in the space. By mandating disclosures, the commission hoped to assist investors in discerning which funds and advisors are more serious about ESG-related issues, and which are merely co-opting the terminology for advertising.[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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