Regulatory Outlook | 05.27.20
SEC Urged to Take Global Lead in Requiring ESG Disclosures
The SEC should take the global lead in mandating material ESG disclosures, the SEC's Investor Advisory Committee (IAC) has urged. “If the SEC does not take the lead, it is highly likely that other jurisdictions will impose standards in the next few years that U.S. issuers will be bound to follow, either directly or indirectly, due to the global nature of the flow of investment into the U.S. markets,” the panel said in a report. The ESG disclosures should be based on the same information the businesses use to make their own decisions so both retail and institutional investors can use it for investment and voting choices, the IAC recommended.
Read the full article on Forbes.