Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Top U.S. securities regulator to review climate and proxy rules

Stock Markets Mar 15, 2021 04:25PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door

By Ross Kerber

(Reuters) - The head of the Securities and Exchange Commission said on Monday the agency will seek input on what companies might report about greenhouse gas emissions and other climate factors, and revisit controversial rules on proxy voting.

The steps and other actions outlined by the acting SEC chair, Allison Herren Lee, fill out some details of how the regulator will review topics taking on increasing importance for investors.

Lee said that climate and other environmental, social and governance factors are "front and center for the SEC" as investors have "embraced sustainability factors and metrics as significant drivers in decision-making, capital allocation, and pricing."

Flows into sustainable funds reached a record high of $51 billion last year as retail investors paid more attention to policy issues once seen as concerns for government, not business.

Lee and other SEC officials had already said they would review various aspects of companies' sustainability reporting, as has President Joe Biden's nominee to lead the agency, Gary Gensler, who awaits Senate approval.

On Monday, Lee said the agency will now take public comments on what sorts of climate data and metrics investors would like to see. Questions include whether the SEC should collect industry-specific data and how the SEC might build on existing voluntary ESG reporting frameworks, she said in a separate statement on the SEC's website.

Lee also said the SEC would look at proxy voting rules including revisiting guidance from 2019 that could discourage some investment advisers from voting proxies, and will look at providing more details around its decisions on how proposals reach corporate ballots.

Shareholder proposals on climate change have drawn more support from top fund investors in recent years and prodded changes like new emissions reporting by big energy producers.

Top U.S. securities regulator to review climate and proxy rules
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Shawn King
Shawn King Mar 15, 2021 7:47PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
xrp is the solution to climate change and the flare network will be the best ecosystem to support this new era of innovation.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email