ESG Content

In a settled enforcement action, the SEC charged an investment adviser for misstatements and omissions about environmental, social, and governance (ESG) considerations in making investment decisions for certain mutual funds that it managed.

On May 12, 2022, the Institute sent the attached comment letter to the Department of Labor (DOL) in response to its Request for Information (RFI) seeking public comment on what actions, if any, DOL should take under federal law to protect retirement savings and pensions from risks...

This memorandum catalogues significant ESG related developments that have occurred since February 8, 2022. It references ICI memoranda that provide a more fulsome description of each matter.

On 31 March 2022, the International Sustainability Standards Board (ISSB) launched a consultation on its first two proposed IFRS Sustainability Disclosure Standards.

Last week, the SEC announced the publication of the Division of Examinations' 2022 examination priorities. The examination priorities include a continued focus on ESG-related advisory services and investment products, including mutual funds, exchange-traded funds, and private fund...

On 4 April 2022, the European Commission published a Targeted Consultation on the Functioning of the ESG Ratings Market in the European Union and on the Consideration of ESG Factors in Credit ratings.

On 24 March 2022, the European Supervisory Authorities (ESAs) published an updated joint supervisory statement on the application of the Sustainable Finance Disclosure Regulation (SFDR).

On 23 February 2022, the European Commission published a proposal, in a form of Directive, on corporate sustainability due diligence. The proposed Directive would introduce new obligations for large companies to carry out due diligence in relation to adverse environmental and human...

The Commission voted 3-1 earlier this week in favor of issuing for comment a proposal that would enhance and standardize climate-related disclosure for public companies (including asset managers which are public companies). The disclosure would be required to appear in company...