In a recent Bloomberg News Green article by Tim Quinson, Schulte Roth & Zabel partner Marc Elovitz shares his thoughts regarding the two new proposed rules by the Securities and Exchange Commission that would require more consideration for environmental, social and corporate governance principles when investing. “In effect, the SEC is treating all funds as ESG funds,” said Elovitz.
One of the proposed rules would require additional disclosures on ESG consideration in annual reports by a fund or financial adviser and for funds to report their greenhouse gas emissions. Marc argued, “It’s an extremely overbroad proposal.”
Read the article here.