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House Financial Services Committee Announces ESG Working Group
February 06, 2023
The House Financial Services Committee, led by Patrick McHenry (R-NC), has announced a new working group to address environmental, social, and governance proposals (ESG) including the recent Securities and Exchange Commission’s (SEC) move to mandate climate impact disclosures.
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Republican Lawmakers to Reintroduce Legislation Cancelling the DOL's ESG Rule
February 03, 2023
In a news release this week, every Senate Republican, along with Sen. Joe Manchin, D-W.V., and Rep. Andy Barr, R-Ky have announced that a joint resolution will be reintroduced in the Senate and House that would nullify the Department of Labor's new rule permitting retirement plan fiduciaries to consider climate change and other environmental, social and governance (ESG) factors when selecting investments and exercising shareholder rights.
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New Global Commission Launched to Raise Mining Sustainability Standards
February 01, 2023
The Global Investor Commission on Mining 2030 was launched at the London Stock Exchange with the goal of reforming the mining sector for the low carbon transition by 2030 and is backed by the Church of England Pensions Board (CEPB) and advised by the United Nations Environment Programme.
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OECD Seeks Public Input for Updates to Its Guidelines for Multinational Enterprises
January 31, 2023
The OECD has launched a public consultation process to gather comments from stakeholders regarding potential changes to its Guidelines for Multinational Enterprises which serves as a reference for companies on how they can ensure responsible conduct.
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Peirce and Gramm: SEC Veering from Its Mission
January 25, 2023
Phil Gramm and Hester Peirce argue in the Wall Street Journal that the Security and Exchange Commission is attempting to supercede the market as it seeks to induce private companies to take steps to achieve social goals rather than serve it’s main purpose of combating fraud or encouraging market integrity.