SEC listens to investor ESG demands US regulator commits to an “all agency” approach on ESG and climate The environmental, social and governance (ESG) debate is quickly gaining momentum at the Securities and Exchange Commission (SEC) under President Biden’s administration. In response to demand from investors, the US regulator has launched a dedicated page on […]
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Trump’s anti-ESG influence is quickly starting to unwind ESG debate moves swiftly forward in the SEC under Biden’s administration A wave of ESG-related changes in the US administration under Joe Biden’s leadership is unfolding this month, marking the beginning of an unwinding of policies set out by his predecessor Donald Trump. While the Trump presidency […]
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SEC forms climate and ESG taskforce Headed by Kelly Gibson, team will analyse firms’ data submissions around ESG The Securities and Exchange Commission (SEC) has formed a new taskforce to focus on climate change and ESG-related misconduct. The 22-strong team will be headed up by acting deputy director of enforcement Kelly Gibson. This taskforce will […]
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SEC reviewing decade-old climate disclosure rules Original rules on climate-related disclosure were originally published in 2010 The Securities and Exchange Commission (SEC) is reviewing its climate-related disclosure rules for companies, which have not been updated since 2010. In a statement, acting chair Allison Herren Lee said the regulator’s staff would be assessing how extensively companies […]
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SEC creates new senior climate change role Regulator likely to pursue policies to incorporate climate risk as part of corporate disclosures President Joe Biden’s pledge that his inauguration would mark a sea change for climate policy is already in action with the creation of a new top-ranking climate role in the Securities and Exchange Commission […]
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Allison Herren Lee takes the top regulatory job Joe Biden has already shown his commitment to acting on climate change, bringing the US back into the Paris accord and appointing Allison Herren Lee as acting chair of the Securities and Exchange Commission (SEC). Just hours into his presidency on January 20, Biden wrote to the […]
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Companies could be delisted if they fail to meet ‘comply or explain’ requirement The Council of Institutional Investors (CII) has thrown its weight behind Nasdaq’s proposal that would require companies to disclose board diversity or potentially face delisting. In a letter filed with the Securities Exchange Commission on 30 December, the non-profit association of US […]
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Chinese companies face US stock exchange delisting US lawmakers are ramping up pressure on Beijing’s oversight regime Congress has passed legislation that could result in Chinese companies being delisted from US stock exchanges if they do not comply with accounting rules. The House of Representatives approved the bill in early December after it was passed […]
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Nasdaq proposes diversity disclosure for listed companies The stock exchange group wants companies to disclose diversity data and impose minimum representation requirements Nasdaq has filed a proposal with the US Securities and Exchange Commission (SEC) that, if approved, would require all companies listed on Nasdaq’s US exchange to disclose board diversity or face delisting. The rules would require most Nasdaq-listed companies to have […]
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SEC lambasted over shareholder rights change as companies fail to meet ESG targets The US Securities and Exchange Commission (SEC) has come under fire from investor groups after it voted to adopt amendments to its shareholder proposal rules. In what is being seen by investors as a major blow for corporate transparency and shareholder democracy, the SEC […]
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