On March 21, the Securities and Exchange Commission (by a 3-1 vote) told public companies they must disclose the risks that climate change may have on their financial future. In its press release, the SEC said the requirement “would include disclosure of a registrant’s greenhouse gas emissions, which have become a commonly used metric to…
Tag: ESG
A Growing Backlash Against ‘ESG’ Investing?
Demands that companies meet “environmental, social, and governance” (ESG) standards are weakening, say Andy Puzder and Stephen R. Soukup in an essay for RealClearEnergy. They point out that Larry Fink, head of the investment firm BlackRock (the largest manager of assets in the world) has softened his tone. In the past (as in his 2020…