It’s an old saying with a grain of truth, if you want something done, ask a busy person. Which is exactly what 50 + major investment professionals have done by joining the Social Investment Forum’s request to the SEC for improved ESG reporting from US-listed companies.
The Social Investment Forum (SIF) and its co-signatories have written to SEC Chairman Mary Schapiro requesting that the SEC require companies to report:
1. Annually on a cohesive set of sustainability indicators in accordance with the most up-to-date reporting frame work of the Global Reporting Initiative; and
2. On other material ESG matters as they come to light.
As Manifest highlighted in its post on the Walker Review, there is an increasing appetite for a co-ordinated global approach to governance regulations and practices. SIF makes the same point on ESG issues noting a convergence of several investing trends which make a strong case for a mandatory disclosure rule in the United States:
See full Press Release.
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