After months of anticipation, the Securities and Exchange Commission issued its proposed climate-related disclosure rule, a sweeping potential mandate that would force all public companies to quantify, measure, and disclose their effect on the environment.
ESG/Social Responsibility
Posted inRisk Management
Where are we heading with ESG?
Climate change is no longer a niche interest. If the trend continues, long-term views and ambitions will overtake short-term, “at any cost” profitability because appetites will change. Where must companies focus?
Posted inRegulatory Policy
SEC Commissioner Allison Herren Lee to not seek second term
Allison Herren Lee announced she will not seek a second term as a commissioner at the Securities and Exchange Commission once her current term expires in June.
Posted inEurope
Deutsche Bank monitorship extended after breach of DPA
Deutsche Bank disclosed the Department of Justice determined it breached its obligations under a 2021 deferred prosecution agreement. As a result, the term of an independent compliance monitor at the bank has been extended until February 2023.
Posted inRegulatory Policy
SEC to discuss climate-related disclosure rule on March 21
The Securities and Exchange Commission will discuss its anticipated new rule ordering public companies to issue climate-related disclosures at its open meeting March 21.
Posted inBoards & Shareholders
Top 10 reasons to attend Compliance Week 2022
A keynote with two SEC commissioners; interactive sessions on global sanctions, ESG, and ethical leadership; and a new conference location and format highlight Dave Lefort’s list of reasons to be excited for CW’s first in-person event in nearly three years.
Posted inAccounting & Auditing
Audit committees rolling with punches of evolving role
Two prominent audit committee chairs speak to the results of a Deloitte Center for Board Effectiveness and Center for Audit Quality report on audit committee practices and the major issues audit committees face today.
Posted inEthics & Culture
Report: Companies overhyping net zero commitments
A study of leading global companies including Amazon, Google, Walmart, and Volkswagen has found many firms are exaggerating or misreporting the progress they are making to meet their own environmental targets.
Posted inAccounting & Auditing
ESG reporting: A summary of investor needs and wants
An investor-focused panel at a recent event shared views on investors’ perspectives about current and future use of ESG metrics and disclosures and where common ground can be found between the providers and users of the information.
Posted inEthics & Culture
Making the transition to net zero in the United Kingdom
As the United Kingdom aims to become “the world’s first net zero-aligned financial center,” financial institutions are being required to have “a robust firm-level transition plan setting out how they will decarbonize.” Where should they start?
