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Earlier this week, SEC Commissioner Allison Lee delivered keynote remarks at the 2021 ESG Disclosure
Priorities Event hosted by the AICPA, the Chartered Institute of
Management Accountants, SASB and the Center for Audit Quality. Her
topic: Myths and Misconceptions about Materiality. In the context of the discussion about
potential mandatory ESG disclosures, Lee observed, there has been a
lot of attention to the concept of materiality, which is
fundamental to our securities laws. The public company disclosure
system is generally oriented around providing information
FEPORT: Strategic or not strategic, that is the question
In recent written exchanges between a group of organizations of the waterborne sector and the EU Commission, the strategic dimension of the ecosystem has been underlined and acknowledged by both parties.
This being said, many organizations of the waterborne remain concerned by the lack of representation of their industries in a number of important platforms currently setting up policy priorities as well as important criteria with respect to sustainable investments[1].
The COVID-19 crisis has shown how critical are the components of the waterborne sector in Europe to ensure well-functioning supply chains.
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Earlier this week, SEC Commissioner Allison Lee delivered keynote remarks at the 2021 ESG Disclosure Priorities Event hosted by the AICPA, the Chartered Institute of Management Accountants, SASB and the Center for Audit Quality. Her topic: “Myths and Misconceptions about ‘Materiality.’” In the context of the discussion about potential mandatory ESG disclosures, Lee observed, there has been a lot of attention to the concept of materiality, which is fundamental to our securities laws. The public company disclosure system “is generally oriented around providing information that is important to reasonable investors,” and “the viewpoint of the reasonable investor is the lens through which we all are meant to operate.” Since investors are the ones who make the investment choices, “investors are also the ones who decide what information they need to make those choices.” But, in the course of the ongoing di
Recent calls for racial equity and government regulators' increasing focus on social and environmental concerns make this a good time for companies to integrate environmental justice into their environmental, social and governance efforts, say independent consultant Stacey Halliday, Julius Redd at Beveridge & Diamond and Jesse Glickstein at Hewlett Packard.
ISDA Responds To ESAs On Taxonomy-Related Sustainability Disclosures Date
19/05/2021
On May 12, 2021, ISDA responded to question four of a joint consultation paper by European Supervisory Authorities on taxonomy-related sustainability disclosures. ISDA recommends the inclusion of derivatives in the proposed key performance indicators (KPIs) for disclosing the extent to which investments are aligned with the taxonomy, but only where they are used to attain the environmental or social characteristics promoted by the financial product or the sustainable investment objective of the financial product. Additionally, ISDA suggests this approach should be applied consistently across all relevant calculation KPIs in respect of Non-Financial Reporting Directive entity reporting under article 8 of the Taxonomy Regulation, as differing interpretations could create investor confusion, result in fragmented outcomes and minimize the potential for evolution of risk management practices in th