By Hazel Bradford
Source: Pensions & Investments
Legislation requiring public companies to disclose ESG metrics was narrowly approved by the House Wednesday.
The proposed Corporate Governance Improvement and Investor Protection Act received no Republican support, leaving its prospects uncertain as it advances to the Senate for consideration.
The White House supports the measure, saying in a policy statement that the legislation would make “important changes to the manner in which publicly traded companies account for and disclose certain activities and risks, including disclosures promoting greater equity, transparency, and enhanced investor protections.”