Investors, others ask US SEC to mandate, streamline corporate ESG disclosures

摘要

Citing a boom in corporate sustainability disclosures and the challengesrnof trying to compare that information, a group of U.S.-based investors,rnrelated groups and securities law professors have asked federal regulators tornestablish mandatory standards for environmental, social and governance, orrnESG, reporting.rnThe joint petition by about 60 entities, academics, and pension fund andrnother asset managers asserted that the voluntary ESG disclosures of publiclyrntraded companies subject to the U.S. Securities and Exchange Commissionrnare not meeting investors’ needs. “Without adequate standards, more andrnmore public companies are voluntarily producing ‘sustainability reports’rndesigned to explain how they are creating long-term value,” the petition said.