ESG Archive

Mar 16, 2021
SEC’s Lee seeks input on climate disclosure
Acting SEC chair Allison Herren Lee has taken the latest in a series of swift steps to bring ESG issues onto the agency’s agenda, this time by asking for feedback from companies and others on reporting. ‘In light of demand for climate change information and questions about whether current disclosures adequately inform investors, public input is requested from investors, registrants and other market participants on climate change disclosure,’ Lee says in a stat...
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Mar 11, 2021
Few large companies disclose on strategic biodiversity issues, study finds
Corporate disclosure on biodiversity is failing to keep pace with rising investor interest, according to new research. Only a third of large issuers disclose how they manage biodiversity issues related to their business activities, a study by consultancy Leaders Arena finds.  The study analyzes the integrated and sustainability reports of the 100 largest companies in the US and Europe. It re...
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Mar 04, 2021
The evolving environment for ESG reporting in Canada
ESG considerations are playing an increasingly important role across Canadian companies’ functions. This includes at the board level where directors are tasked with overseeing ESG-related risks and opportunities, or at the operational level where management is dealing with matters such as supply chain management. As a result, ESG disclosure – whether mandatory or voluntary – by Canadian public companies ...
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Mar 04, 2021
Nasdaq reviews feedback and proposes changes to board diversity plan
Nasdaq has responded to the many comments on its board diversity proposal, including making some tweaks to the plan. Nasdaq in December filed a proposal with the SEC to adopt new listing rules that would require companies to have – or explain why they do not have – at least two diverse directors, including one who self-identifies as female and one who self-identifies as either an under-represented minority or LGBTQ+. Listed companies would also have to disclose ...
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Mar 03, 2021
Senators eye diversity, climate and political spending at Gensler hearing
Disagreements between Democrats and Republicans over the SEC’s role in addressing matters such as climate change, political spending and diversity were highlighted at a congressional hearing on Tuesday. Members of the Senate Banking Committee gathered virtually to question Gary Gensler and Rohit Chopra as President Joe Biden’s picks to lead the SEC and Consumer Financial Protection Bureau, respectively. Among other things, discussion returned multiple times to m...
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Feb 26, 2021
SEC’s Lee puts climate disclosure on the agenda
Acting SEC chair Allison Herren Lee has taken action on corporate reporting around climate change. Lee on Wednesday issued a statement announcing that she has directed the division of corporation finance to ‘enhance its focus on climate-related disclosure in public company filings,’ noting that the SEC in February 2010 issued guidance on existing disclosure requirements as they apply to climate chan...
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Feb 23, 2021
ESG reporting in Canada doubled between 2016 and 2019, study finds
The adoption of ESG reporting has increased significantly since 2016, with the Global Reporting Initiative (GRI) being the most-used reporting framework, according to a new study from Millani. More than two thirds (71 percent) of companies included in the S&P/TSX Composite index published a 2019 ESG or sustainability report, according to Millani’s analysis, which was completed in December 2020. The number of Canadian companies publishing ESG or sustaina...
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