INVESTOR ADVISORY COMMITTEE URGES SEC TO ADVANCE MANDATORY ESG DISCLOSURES

A post on the Compliance & Enforcement blog from the New York University School of Law reported on 29 May that the SEC Investor Advisory Committee (IAC) has recommended that the SEC begin an “earnest” effort to update reporting requirements to include “material, decision-useful, ESG factors” , i.e. environmental social and governance factors.  The IAC reasoned that if the SEC does not take the lead with this type of disclosure, it is highly likely that US issuers will be bound to follow standards imposed by other jurisdictions, such as the EU.

https://wp.nyu.edu/compliance_enforcement/2020/05/28/investor-advisory-committee-urges-sec-to-advance-mandatory-esg-disclosures/

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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