ESG-Related Developments (April 20, 2022–November 22, 2022)

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November 22, 2022

TO: ICI Members
ICI Global Members
ESG Advisory Group
ESG Task Force
SEC Rules Committee SUBJECTS: Disclosure
ESG
Financial Stability
International/Global RE: ESG-Related Developments (April 20, 2022–November 22, 2022)

 

This memorandum catalogues significant ESG related developments that have occurred since April 11, 2022. It references ICI memoranda that provide a more fulsome description of each matter. You can find all of these memoranda on our website in our ESG Resource Center.

US Materials

• Memo: SEC Adopts Amendments to Enhance Reporting of Proxy Information (November 7, 2022)
• Memo: SEC Commissioner Lizarraga Speech on Investor Demand for ESG Data (October 24, 2022)
• Memo: SEC Staff Issues FAQ Relating to Investment Adviser Considerations of DEI Factors (October 13, 2022)
• Comment Letter : Substantial Implementation, Duplication, and Resubmission of Shareholder Proposals under Rule 14a-8 (September 12, 2022)
• IDC Comment Letter: Investment Company Names Rule Proposal (August 16, 2022)
• ICI Comment Letter: Investment Company Names (August 16, 2022)
• Comment Letter: Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social, and Governance Investment Practices (August 16, 2022)
• Comment Letter: SEC Climate Risk Proposal for Public Companies (June 16, 2022)
• Memo: SEC Proposes Enhanced Investment Adviser and Fund Disclosures about ESG Investment Practices (June 2, 2022)
• Memo: SEC Proposes Amendments to the Fund Names Rule (June 1, 2022)
• Memo: SEC Charges Investment Adviser for ESG-Related Misstatements and Omissions (May 24, 2022)
• Comment Letter: ICI Submits Comment Letter in Response to DOL RFI on Potential Agency Actions to Address Climate-Related Financial Risks to Retirement Savings (May 12, 2022)
• Memo: ESG-Related Developments (February 8, 2022 - April 20, 2022) (April 20, 2022)

Global Materials

• Memo: UK FCA Proposes Sustainability Disclosure Requirements (SDR) and investment labels for funds (November 10, 2022)
• Memo: Asia ESG: HK SFC Provides Guidance on the Naming of Non-ESG Funds (October 26, 2022)
• Memo: Asia ESG: MAS Releases Disclosure Requirements for Retail ESG Funds (August 10, 2022)
• Memo: Asia ESG: Japan Consults on Code of Conduct for ESG Data Providers (August 10, 2022)
• Comment Letter: ICI Global Responds to the ISSB Exposure Draft (August 8, 2022)
• Comment Letter: EFRAG European Sustainability Reporting Standards Exposure Drafts (August 8, 2022)
• Memo: Asia ESG: Second Consultation on Singapore Taxonomy (June 24, 2022)
• Comment Letter: ICI Global Comment Letter on Response to Call for Evidence on Retail Investment Strategy (June 6, 2022)
• Comment Letter: ICI Global Responds to European Commission Consultation on ESG Ratings (June 6, 2022)
• Memo: ISSB Consults on Proposed Sustainability-Related Financial and Climate-Related Disclosures Standards (April 19, 2022)

 

Dorothy M. Donohue
Deputy General Counsel - Securities Regulation