ESG, ESG Disclosure Simplification Act 2019, ESG Disclosures, Global Reporting Initiative (GRI), Sustainability, Sustainability Reporting

ESG Disclosures – U.S. House Committee

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:

To view the hearing, click this link. Testimony starts at 20 minutes.

ESG, Internal Controls, Sustainability Reporting

Improve the Reliability of ESG Data

Internal and external decision makers need reliable environmental, social, and governance (ESG) data. Reliable data not only builds trust with external users, it helps internal users identify and mitigate risks more accurately. Take a look at new guidance from The World Business Council for Sustainable Development. Because suggestions align with COSO Internal Control Framework, application of the framework will be familiar to those in financial accounting.

Guidance on improving the quality of ESG information for decision-making