SEC Investor Advisory Committee recommends SEC address ESG disclosure
Published on:
Jun 30, 2020
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For years, investors have pushed for increased mandatory disclosure by corporate issuers of environmental, social, and governance (“ESG”) information and argued that current ESG disclosure requirements are inadequate. In a May 14, 2020 report issued by the Securities and Exchange Commission’s (the “SEC’s”) Investor Advisory Committee (the “IAC”), the IAC – an internal advisory committee of the SEC that advocates on behalf of investors – has weighed in on the matter and stated that the “time has come” for the SEC to address ESG disclosure. The IAC Report recommends that the SEC take the lead in establishing a principles-based ESG disclosure framework requiring issuers to disclose material ESG information.
