To help strengthen environmental, social and governance (ESG) disclosures legislation, the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets in Washington, DC heard testimony from ESG experts. Their testimony will go toward the development of The ESG Disclosure Simplification Act 2019.
Why is this so important? ESG disclosures help internal and external decision makers assess risks and opportunities. This hearing is important because it spotlights how important these disclosures are to investors.
The U.S. House Financial Services Committee heard testimony of experts from the Global Reporting Initiative (GRI), CalPERS, Ceres, Decatur Capital Management, an investment management firm, and Patomak Global Partners.
The written testimony of each witness can be accessed at the following links:
- Tim Mohin, GRI, CEO
- James Andrus, Investment Manager, Sustainable Investments, California Public Employees’ Retirement System
- The Honorable Paul S. Atkins, Chief Executive Officer, Patomak Global Partners
- Degas A. Wright, CFA, CEO Decatur Capital Management, Inc.
- Mindy Lubbers, CEO and President of Ceres
To view the hearing, click this link. Testimony starts at 20 minutes.