ESG Content

This memorandum catalogues significant ESG related developments that have occurred since November 22, 2022. It references, where indicated, 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...

For the eleventh year in a row, the SEC's Division of Examinations (EXAMS) has published its priorities for the coming year. Highlights of the Priorities are briefly described below.

On January 26, 2023, attorneys general from 25 states (joined by three additional organizations and one individual) filed a lawsuit against the Department of Labor (DOL) attempting to invalidate the final rule on "Prudence and Loyalty in Selecting Plan Investments and Exercising...

ICI Global submitted the attached response to the UK Financial Conduct Authority (FCA) consultation on Sustainability Disclosure Requirements (SDR) and investment labels for funds.

On January 12, 2023, the Hong Kong Securities and Futures Commission (SFC) hosted a second industry workshop on ESG funds. The workshop focused on practical difficulties and questions that fund managers have encountered during the ESG fund application process, and in complying with...

Commissioner Uyeda delivered remarks which include his views on issues related to asset managers' use of environmental, social, and governance (ESG) investment strategies. He noted, among other things, that "regulatory issues presented by ESG investing are nothing new," and that "[a]...

ICI Global submitted the attached response to a consultation from Japan Financial Services Agency (FSA) on proposed partial amendments to the comprehensive supervisory guidelines for financial business operators regarding ESG Investment Trusts. The proposed revisions seek to provide...

The Financial Industry Regulatory Authority ("FINRA") recently issued its 2023 Report on FINRA's Examination and Risk Monitoring Program. The report addresses, among other topics, member firms' communications promoting ESG factors. It describes findings from recent oversight...