One of the obstacles to better ESG assessments is inconsistency of disclosures. The Biden administration’s new requirement for federal suppliers will mean that corporate executives, shareholders, regulators, and third party ratings firms will have much better data for assessing risk. Acknowledging the vital role of disclosure around environmental impact, the White House Council on Environmental…
Tag: Joe Biden
Biden Executive Order on ESG Disclosure
President Biden has issued an Executive Order with government-wide initiatives on ESG reporting. An excerpt (emohasis added): Sec. 3. Assessment of Climate-Related Financial Risk by Financial Regulators. In furtherance of the policy set forth in section 1 of this order and consistent with applicable law and subject to the availability of appropriations: (a) The Secretary of the…
ESG and the Biden Presidency
In a dramatic change from the previous administration, we expect the administration of President Joseph Biden to implement a broad range of policy changes meant to mitigate climate risk and bring the US back into the global sustainability conversation. We will be monitoring several themes that we believe could arise under the Biden presidency: Rising…
Biden Executive Order Opens Door to Rollback Or Reversal of Anti-Shareholder Rules
President Biden has moved quickly on his promise to make science-based climate change policy a core initiative of his administration. That includes an Executive Order that looks like it is designed to form the basis for reversal of two controversial Labor Department rules pushed through at the end of the Trump administration limiting the rights…
Joe Biden must take a global lead on climate risk disclosure | Financial Times
This is especially powerful because one of the authors is Robert Herz, former Chairman of FASB. Ideally, Mr Biden would be able to win bipartisan support for his policies. But, even with a sharply divided US Congress, the Biden administration can make significant progress on issues such as climate risk by using executive orders and…
ValueEdge Advisors 