ESG Content

On December 19, 2022, the Japan Financial Services Agency (JFSA) published Partial Amendments to the "Comprehensive Supervisory Guidelines for Financial Instruments Business Operators, etc." (Draft Amendments). Comments on the Draft Amendments are due on January 27, 2023.

On December 15, 2022, Japan's Financial Services Agency (JFSA) released the final Code of Conduct for ESG Evaluation and Data Providers ("Code of Conduct"). The Code of Conduct includes six principles applicable to ESG evaluation and data providers, building upon the discussions...

The Office of Information and Regulatory Affairs released the Fall 2022 Unified Agenda of Regulatory and Deregulatory Actions on January 4, 2023. The agenda includes regulatory actions that the Securities and Exchange Commission and Commodity Futures Trading Commission expect to take...

At a public session on December 19, the US Financial Stability Oversight Council (FSOC or Council) issued its 2022 annual report to Congress. As required by statute, the FSOC report addresses significant financial market and regulatory developments, provides an assessment of those...

​​​​​​​Commissioner Peirce recently delivered remarks which include her views on the SEC's proposed climate change disclosure rule for public companies. She noted, among other things, that "the SEC should not inundate investors with immaterial items, but should focus their attention...

On 18 November, the European Securities and Markets Authority (ESMA) published a consultation on proposed guidelines introducing quantitative criteria for funds with names using ESG- or sustainability-related terms.

In a settled enforcement action, the SEC sanctioned an investment adviser for failing to establish and follow established policies and procedures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance ("ESG")...

On November 22, 2022, the Department of Labor (DOL) released its final rule on "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights" which addresses the consideration of environmental, social, and governance (ESG) factors in selecting plan investments...

The three European Supervisory Authorities (ESAs) published a Call for Evidence on greenwashing to gather input from stakeholders on how to understand the key features, drivers and risks associated with greenwashing and to collect examples of potential greenwashing practices. Comments...

​​​​​​​SEC Commissioner Mark Uyeda delivered remarks at a recent Cato Institute conference focusing on the rise of environmental, social, and governance (ESG) investing and the future of financial regulation. His remarks are summarized below.