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Biden Administration & ESG Regulations: SEC, DOL, EPA

Tuesday, February 16, 2021 As the Biden Administration settles in and begins to appoint its designees to key executive and administrative agencies, a series of policy objectives are coming into focus.  Chief among them is expanded attention and regulation in the ESG space regarding environmental, social and governance issues at American businesses. In this post, we survey the expected direction of these initiatives at, for example, the SEC, Department of Labor, and EPA. Securities and Exchange Commission As has been widely reported, President Biden has nominated Gary Gensler to be the next chairman of the Securities and Exchange Commission.  After becoming one of the youngest partners at a leading Wall Street investment bank, Gensler transitioned into government service as a senior official in President Clinton’s Treasury Department and as the chairman of the Commodity Futures Trading Commission (CFTC) under President Obama.  While at the CFTC, Gensler was the pri

Redefining materiality (again) to transform the role of business in society

Redefining materiality (again) to transform the role of business in society Climate and Clean Tech | January 26, 2021 Impact Voices | January 26, 2021 Impact Voices | January 20, 2021 Climate Finance | January 13, 2021 Community Finance | January 12, 2021 Impact Voices | December 23, 2020 Agents of Impact | February 26, 2021 Agents of Impact | February 12, 2021 Agents of Impact | January 29, 2021 Agents of Impact | January 22, 2021 Agents of Impact | January 15, 2021 Agents of Impact | December 11, 2020 Agents of Impact | November 20, 2020 More Guest Author Denise Weger “Materiality is being redefined – through pressure on business from wider civil society, and through precedents established by company practice and, increasingly, regulation and litigation. But current experimentation in redefining materiality suffers from being ad hoc, often confused and confusing, and rarely credible. As a result, companies too often disclose information that is no

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