News | 04.15.19
Investors Continue Urging Regulators for Risk Disclosure
Institutional investors are pressing regulators for a uniform reporting standard on environmental, social, and governance (ESG) factors, arguing that the current approach of getting the information company by company is inefficient. "We need a bit more specific information presented in a standard format, so we can compare across companies," said John Streur, president and CEO of Calvert Research and Management. Policymakers and regulators are "honestly trying to learn about this issue, but I do think this is primarily an issue between investors and corporations" for now. The White House has joined in the debate, issuing an executive order last week aimed at spurring oil and gas pipelines a call for the Department of Labor to review whether retirement plans and proxy firms engaging with energy companies on ESG issues are compromising their ERISA fiduciary duty to maximize returns.
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