Tag: Moodys
Preliminary recommendations from asset management group include viewing ESG disclosures in the same manner as GAAP Preliminary recommendations from asset management group include viewing ESG disclosures in the same manner as GAAP Preliminary recommendations from asset management group include viewing ESG disclosures in the same manner as GAAP
Dec 3rd, 2020
US market regulator the Securities and Exchange Commission (SEC) may be about to come under pressure from its Asset Management Advisory Committee (AMAC) to strengthen its ESG reporting and transparency rules, following recommendations from experts this week.
At a meeting on Monday, the Committee’s ESG subcommittee presented advise which would require the SEC to regard ESG disclosure frameworks as equal in stature to accounting standards.
It follows the SEC Investor Advisory Committee (IAC) in May calling for “a structured US response” on ESG disclosures, noting that investors now consider ESG information material “regardless of whether their investment mandates include an ‘ESG-specific’ strategy”.
AMAC’s members include representatives from Goldman Sachs, Morningstar, S&P Dow Jones Indices, Fidelity, Vanguard and EY. Its ESG subcommittee was created to “improve the data and disclosure for ESG investing” and its preliminary recommendatio…