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Twelve of 14 institutional investors interviewed for a U.S.Government Accountability Office study said they seek out information on companies' ESGissues because they're trying to better understand risks that mayaffect the companies' long-term financial performance. This whilethe Trump Department of Labor is proposingincreased documentation requirements that in effect will discourageconsideration of ESG criteria and inclusion of ESG funds in employer-sponsored retirementplans.
The GAO study found that public companies vary in theirdisclosure of environmental, social and governance issues, and thisoccurs not only across industries but within them. And someinstitutional investors are suggesting new legislative orregulatory requirements aimed at enhancing the ESG disclosuresmade.
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Jason Grant
Jason Grant is a staff writer covering legal stories and cases for the New York Law Journal, the National Law Journal and Law.com, and a former practicing attorney. He's written and reported previously for the New York Times, the Star-Ledger, the L.A. Times and other publications. Contact him at [email protected]. On Twitter, pls find him @JasonBarrGrant
