What You Need To Know:
The SEC recently examined investment advisers, registered investment companies, and private funds that offer ESG products and services.
SEC examinations resulted in finding inadequate and inconsistent firm ESG-related approaches, but also examples of successful firm approaches to ESG investing.
When implementing ESG-related investment practices, firms must be consistent, clear, and transparent regarding their ESG-related investment goals.
On April 9, 2021, the U.S. Securities and Exchange Commission (the SEC) released results from its recent examinations of particular investment advisers, registered investment companies, and private funds (the firms) that purport to offer environmental, social, and governance (ESG) products and services. The SEC observed a large discrepancy between the ESG-related disclosures of these firms and their adopted and implemented ESG practices. The SEC examinations found that firms undertake ESG practices for a variety of reasons
/PRNewswire/ Sempra Energy (NYSE: SRE) today released its 2020 Corporate Sustainability Report, highlighting the company s actions to create long-term value.
/PRNewswire/ Wyndham Hotels & Resorts (NYSE: WH) – the world s largest hotel franchising company with over 8,900 hotels across nearly 95 countries and.
Institutional investors and other stakeholders are seeking better information from public companies on workforce diversity. Company executives and boards are discussing how and what to.
Decoding Business Responsibility and Sustainability Report
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The new reporting aims to establish linkages between financial results of business with its environmental, social and governance performance
India has witnessed continuous improvement in corporate disclosures in the past decade, with these disclosures being made available to investors and public at large. These efforts have nudged businesses to be accountable to stakeholders instead of just shareholders, and simultaneously align with global developments prompting organisations to be sustainable and responsible towards their environment and society.
In India, the evolution of business responsibility goes back to 2009 with the issuance of corporate governance voluntary guidelines followed by a notification on mandatory filing of Business Responsibility Report (BRR) for top 100 companies by market capitalisation. This led to qualitative disclosure requirements for social, environmental, and economical responsibilities o