Winston’s Environmental Law Update
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June 1, 2020
|2 min read
SEC Investor Advisory Committee Recommends ESG Disclosure Action
The SEC’s Investor Advisory Committee (the Committee) sounded the bugle for SEC action on environmental, social, and governance (ESG) disclosures in its May 14, 2020, formal recommendation. Following four years of meetings with investment advisors, asset managers and owners, and U.S. and foreign issuers, the Committee found that “investors consider certain ESG information material to their investment and voting decisions, regardless of whether their investment mandates include an ‘ESG-specific’ strategy.”