Items tagged with "ESG"

XBRL US Comments on SEC RFI on Climate Change Disclosures

XBRL US submitted a letter responding to the Securities and Exchange Commission (SEC) request for input on Climate Change Disclosures. Key recommendations made in the letter: The SEC should play a key role in the process of standardizing climate-related disclosures, to ensure that standards set globally are suited for U.S. listed companies, as many U.S. […more]

SEC Commissioner Lee Speech on Materiality

SEC Commissioner Allison Herren Lee’s speech, Living in a Material World: Myths and Misconceptions about “Materiality”, addressed, among other topics, the importance of the investor in determining what is “material” and should be disclosed, including ESG-related data. The commissioner’s talk concluded with these remarks: “We must not operate under the false assumption that the securities laws […more]

White House Executive Order on Climate-Related Financial Risk

The White House published an Executive Order on Climate-Related Financial Risk, which addressed the plan to establish “…within 120 days of the date of this order, a comprehensive, Government-wide strategy regarding: (a)  the measurement, assessment, mitigation, and disclosure of climate-related financial risk to Federal Government programs, assets, and liabilities in order to increase the long-term […more]

European Commission Proposes CSRD Requiring iXBRL for ESG Disclosures

On April 21, 2021, the European Commission adopted a package of sustainability-related measures including its proposal for a Corporate Sustainability Reporting Directive (CSRD) which aims to make corporate reporting of sustainability measures more consistent, comparable and reliable. The CSRD, as proposed, will require the use of Inline XBRL for the reporting of environmental, social and […more]

Treasury Secretary Yellen Comments on ESG Disclosures

On April 21, 2021, U.S. Treasury published remarks given by Secretary of the Treasury Janet Yellen to the Institute of International Finance regarding climate-related issues. In her speech, Secretary Yellen lays out Treasury’s “whole-of-government” approach to climate change, and points out the importance of ESG disclosures as follows: “This brings me to our initiatives to […more]

ESG Reporting for Investors

Establishing a framework to standardize, and automate the processing of, corporate sustainability data is imperative to provide needed information to investors, researchers and policy setters who need access to timely, consistent, accurate data for decision-making.

SEC Request for Comment on Climate Disclosure

The Securities and Exchange Commission published a speech from Acting SEC Chair Allison Herren Lee, titled “A Climate for Change: Meeting Investor Demand for Climate and ESG Information at the SEC”. In her speech, the SEC Chair references an SEC Request for Comment on Climate Disclosure which includes a list of detailed questions covering topics […more]

SEC Acting Director of Corporation Finance Speech on ESG Disclosures

The Securities and Exchange Commission (SEC) today published a speech from Acting Director of the Division of Corporation Finance John Coates on “ESG Disclosures –  Keeping Pace with Developments Affecting Investors, Public Companies and the Capital Markets” in which he addressed the relevance of ESG disclosures. Below are excerpts from his speech: On Considerations for […more]

SEC Creates Climate and ESG Task Force in Division of Enforcement

The Securities and Exchange Commission (SEC) announced the creation of a Climate and ESG Task Force in the Division of Enforcement. The focus of the task force, which will be led by Kelly Gibson, Acting Deputy Director of Enforcement, will be to proactively identify ESG-related misconduct. The initial focus will be to identify any material […more]

SEC Publishes 2021 Examination Priorities with Greater Focus on Climate Risk

The Securities and Exchange Commission (SEC) published their 2021 Examination Priorities which include a greater focus on climate-related risks. The release included a quote from the SEC’s Acting Chair Allison Herren Lee: “This year, the Division is enhancing its focus on climate and ESG-related risks by examining proxy voting policies and practices to ensure voting […more]