Biden Vetoes Anti-ESG Resolution
President Biden issued the first veto of his presidency, by defending the Department of Labour rule allowing fund managers for ERISA plans to include ESG considerations in the investment process. Republicans had voted against this to which Biden countered claims that the rule would lead fund managers to sacrifice financial returns for to pursue a political agenda, adding that the Republican-led resolution “would prevent retirement plan fiduciaries from taking into account factors, such as the physical risks of climate change and poor corporate governance, that could affect investment returns.” Read more
ESG reporting in an increasingly volatile world - Relevance and evolution
In line with global trends, enhanced momentum on sustainability as a corporate agenda has been observed in India as well. Robust ESG disclosures can also support corporates to effectively respond to key stakeholder requirements while enhancing their performance. Read more