The Securities and Exchange Commission today proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition, and certain climate-related financial statement metrics in…
Tag: disclosure
Agenda – Investors Side-Eye Excuses on Supply Chain Disclosure
Despite the challenges that come with gathering, vetting and disclosing the data necessary to produce and disclose net-zero transition plans, investors are growing tired of companies’ slow-walking disclosures and planning due to the complexity involved, particularly with Scope 3 emissions. As a result, management teams and boards should expect a heightening intensity and specificity in…
Companies sign up for new ESG stakeholder metrics | Corporate Secretary
Dozens of business leaders this week committed their organizations to using a new set of ESG-related metrics and disclosures developed in collaboration with the Big Four accounting firms. The 61 signatories, revealed at the World Economic Forum’s Davos conference, will start using ‘stakeholder capitalism metrics’ as an initiative intended to speed up convergence among the…
VEA Vice Chair Quoted on How to best manage ESG disclosures | CFO Dive
The countless environmental, social and governance (ESG) reporting systems can make the disclosure process time-consuming, duplicative and confusing. Companies should centralize ESG oversight into a single function, Evan Williams, capital markets competitiveness director for the U.S. Chamber of Commerce, said. “This prevents internal splintering between different standards and [gives] companies one unified message on ESG,”…
SEC to Allow Businesses More Flexibility in Disclosing Risk, Legal Information – WSJ
The U.S. Securities and Exchange Commission on Wednesday voted to give companies more flexibility in disclosing risk factors and legal proceedings in their financial statements. The SEC approved an amendment to Regulation S-K, which serves as the basis of disclosure requirements for U.S. public companies. Regulation S-K hasn’t undergone significant changes in more than 30…
Important ESG Disclosure Recommendations from The SEC’s Advisory Group
On May 14, 2020, the Investor-as-Owner Subcommittee of the SEC Investor Advisory Committeemade new recommendations relating to ESG disclosure, calling sustainability “one of the most significant set of business factors” faced by issuers. The Subcommittee calls on the SEC to make sure the US takes the lead on transparent, material, consistent disclosure. The full report…
SEC panel says agency should add sustainability disclosure rules
The SEC should update its reporting requirements for issuers to include ESG factors, the commission’s investor advisory committee said Thursday, voting to approve a recommendation drafted by the committee’s investor-as-owner subcommittee. “The time has come for the SEC to address this issue,” said the recommendation. ESG disclosure from issuers will provide investors “with the material,…
Measuring What Matters
There is a groundswell of interest in metrics that go beyond our traditional financial view of companies. Many organizations have done extensive work on frameworks for ESG metrics, non-financial metrics, or integrated reporting, each targeted at a range of stakeholders including customers, employees, policymakers and investors. The challenge we often hear is that companies work…
Nordea co-founder of ground-breaking UNEP FI and banking sector sustainability initiative | nordea.com
Nordea, as the only Nordic bank, is one of 30 founding banks of the Principles for Responsible Banking developed together with United Nations Environment Programme Finance Initiative (UNEP FI). Today, during a formal ceremony at the UN General Assembly in New York, 130 banks signed the Principles. By signing these, banks worldwide, representing over USD…
Not Everything is About Investors: The Case for Mandatory Stakeholder Disclosure by Ann Lipton :: SSRN
his Article recommends that we explicitly acknowledge the importance of disclosure for noninvestor audiences, and discuss the feasibility of designing a disclosure system geared to their interests. In so doing, this Article excavates the historical pedigree of proposals for stakeholder-oriented disclosure. Both in the Progressive Era, and again during the 1970s, efforts to create generalized…
ValueEdge Advisors 