Importance of the Board in Vetting Shareholder Proposals
A recently successful effort by Wisconsin utility MGE Energy to exclude an environmental proposal from its proxy statement may signal a new approach for boards of directors to consider when managing...
View ArticleA Preview of ESG Regulation under the Biden Administration
As the Biden Administration settles in and begins to appoint its designees to key executive and administrative agencies, a series of policy objectives are coming into focus. Chief among them is...
View ArticleEnvironmental, Social and Corporate Governance: What are the Risks, Really?
Environmental, social and corporate governance (ESG) – like climate change and environmental justice – has been a hot topic of discussion in the early days of the Biden administration. Illustrating the...
View ArticleActions on Climate Change Disclosure in California and New Report Indicate...
On Monday, the State of California launched a new group out of Governor Newsom’s office – the Climate-Related Risk Disclosure Advisory Group just as CERES (Coalition for Environmentally Responsible...
View ArticleSEC Issues Sample Climate Change Comment Letter
On September 22, 2021, the Division of Corporation Finance (Division) of the Securities and Exchange Commission (SEC) issued a sample comment letter to highlight its increased focus on climate...
View ArticleWhat’s Worth Understanding: The SEC Proposes a Mandatory Climate Disclosure...
Last week, the Securities and Exchange Commission (SEC) revealed its much-anticipated proposal to require that public companies disclose climate-related information. The proposed rule is significant...
View ArticleEuropean Union Adopts Corporate Sustainability Reporting Directive With...
On November 28, 2022, the Council of the European Union (EU) formally adopted the Corporate Sustainability Reporting Directive (CSRD), following the European Parliament’s formal adoption of the...
View ArticlePresident Biden’s First Veto is on Congress’ Disapproval of ESG Investing Rule
President Biden issued his first veto today. Biden’s veto returns to Congress a joint resolution that attempts to nullify a recent rule from the Department of Labor regarding consideration of...
View ArticleFirst-in-the-Nation Climate Disclosure Bills Become Law In California
On October 7, 2023 California Governor Gavin Newsom signed two landmark climate disclosure laws aimed at making major companies publicly disclose their greenhouse gas emissions and report on their...
View ArticleEuropean Union Advances Mandatory ESG Reporting Standards
A set of mandatory environmental, social, and governance (ESG) reporting standards, the European Sustainability Reporting Standards (ESRS), are set to enter into force in the European Union (EU) at the...
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