Environmental, social, and corporate governance (ESG) investing
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A peer shares an SEC exam letter dedicated to ESG
We are proposing to require ESG-related disclosures from registered investment advisers that consider ESG factors as part of their advisory businesses
Advisers would have to track portcos' greenhouse gas emissions
"Please consider whether our proposed climate disclosure mandate would change fundamentally this agency’s role in the economy, and whether such a change would benefit investors. ...
In reaffirming 'existing obligations,' the SEC also gives examples of what advisers should and shouldn’t do
Advisers would have to describe their use of ESG factors, their strategies, methods of analysis and how they voted relevant proxies
The settlement states that Mellon’s 'compliance personnel were unaware before mid-March 2020 that quality reviews were not prepared'
"Greenwashing can mislead investors as to the true risks, rewards, and pricing of investment assets. This goes to the heart of our mission at the ...
"Funds are admonished to include in their compliance policies and procedures a requirement that employees memorialize the discussion of ESG issues"
"The rule is neutral as to the benefits or risks of ESG investing"
