Environmental, Social and Governance (ESG) – SEC Proposes Standardized ESG Reporting Requirements

A June 15, 2022 Faegre Drinker Biddle & Reath LLP news release https://www.faegredrinker.com/en/insights/publications/2022/6/sec-proposes-esg-disclosure-requirements-for-investment-companies-to-combat-greenwashing advises that the “... In a three-to-one vote on May 25, 2022 U.S. Securities and Exchange Commission ( SEC) proposed amendments to rules and reporting forms … that would require registered investment companies and business development companies to provide standardized environmental, social and governance (ESG) disclosure to investors and the SEC. The proposed amendments are designed to provide a consistent framework for ESG disclosure that would allow investors to compare and make more informed decisions about ESG investments ... The proposed common ESG disclosure framework is the latest step in the SEC’s efforts to curb “greenwashing” (the practice of exaggerating or overemphasizing ESG practices and the role ESG factors play in a fund’s or adviser’s strategy) and facilitate better informed ESG-related investment decisions …” #PlasticWaste #SingleUsePlastic #Recycling @FaegreDrinker