ESG Content

​​​​​​​Commissioner Peirce recently delivered fund-related remarks, highlighting that each fund "is distinct from their investors, their asset managers, and the other funds in the same complex but that too often, funds' interests are treated as being identical to those of their...

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.

On 25 October, the UK Financial Conduct Authority (FCA) issued a Consultation Paper on Sustainability Disclosure Requirements (SDR) and Investment Labels. Comments on the proposal are due on 25 January 2023. The proposal notes that the FCA intends to issue final rules by the end of...

On November 2, the Securities and Exchange Commission adopted amendments to Form N-PX and related rules (collectively, "amendments") to enhance reporting of proxy voting information by registered investment companies ("funds") and institutional investment managers ("managers"). The...

On 21 October 2022, the Securities and Futures Commission (SFC) updated the March 2022 presentation materials from its industry workshop on ESG fund applications to provide guidance on whether a "Non-ESG Fund" can include a reference to "ESG" or "sustainable" or similar terms in its...

Commissioner Lizàrraga recently addressed the Future of ESG Data 2022 conference. In his remarks, he provided his views on investor demand for high quality ESG data and the SEC's proposed rulemakings regarding enhanced climate risk disclosure by issuers (Public Company Climate...

Today, the SEC staff issued an FAQ relating to investment adviser considerations of diversity, equity and inclusion (DEI) factors in the selection or recommendation of other investment advisers. The FAQ states that, under its fiduciary duty, an investment adviser may consider a...

[34260] August 18, 2022 TO: ICI Members Investment Company Directors SEC Rules Committee SUBJECTS: Disclosure ESG RE: ICI Comment Letter on SEC's Names Rule Proposal At the end of May, the Securities and Exchange Commission proposed amendments to Rule 35d-1 (Names Rule) under the...

On August 16, 2022, ICI submitted a comment letter on the SEC's proposal for new disclosure requirements for investment companies and investment advisers.