Securities and Exchange Commission Chair Gary Gensler defended the SEC’s proposed climate disclosure rules in a discussion at the U.S. Chamber of Commerce, saying the rules would “benefit capital markets.” – Responsible Investor, Oct. 27, 2023
In October, California enacted laws that establish some of the country’s most robust rules to foster corporate transparency and accountability. These laws set new standards for businesses to disclose greenhouse gas emissions, the content of their carbon offsets, and the financial risks they face due to climate change. They also hope to speed up the state’s adoption of more renewable energy, in particular offshore wind projects. – Grist, Oct. 10, 2023
These laws go further than most other climate reporting requirements on the books in the US. – Vox, Oct. 14, 2023
A Guide for Businesses: California’s New Climate Disclosure Legislation – Ceres
In an effort to widen their anti-ESG attacks, Jim Jordan’s House Judiciary Committee has accused five big shareholder advocate groups of collusion as congressional Republicans seek to weaponize antitrust laws. – Fast Company, Nov. 2, 2023
As U.S. government agencies released a much-awaited revision to the Community Reinvestment Act, Americans for Financial Reform said policies should include explicit race-based criteria to directly address harms caused by decades of racist banking practices and “acknowledge growing climate risks and evaluate the full range of benefits conferred by resilience and clean energy investment.” – AFR, Oct. 27, 2023
The UK’s Financial Conduct Authority (FCA) is pushing back against some investment funds that falsely claim to be focused on environmental, social and governance (ESG) issues. The regulator is trying to prevent “greenwashing”, or over-inflated climate friendly claims by companies and funds to attract investment. – Reuters, Oct. 20, 2023
Investment firms and sustainable industry bodies have “strongly” encouraged the UK to adopt international sustainability disclosure standards launched by the International Sustainability Standards Board (ISSB) in this year. – ESG Clarity, Nov. 2, 2023
Republican candidate Vivek Ramaswamy demands former Strive Asset Management VP Joyce Rosely’s lawsuit be dismissed after she claimed she was fired for flagging sexual harassment – Daily Mail, Oct. 17, 2023
Vivek Ramaswamy’s Crusade Against “Woke Capital” May Be Lucrative, but It’s Doomed – Jacobin
Last modified: December 13, 2023
