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SEC Chair Tweets about Upcoming ESG Regulation

Green Building Law Update

Securities and Exchange Commission Chair Gary Gensler Tweeted about the future of ESG regulation. You do not need to be a futurist to know that SEC regulation of ESG is coming although precisely when has been unclear, however, it is now apparent that the SEC will release a proposal at its March 21 Open Meeting. Last week U.S.

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A Sea Change in SEC Climate Change Disclosure

Green Building Law Update

I am pleased to be speaking on “Environmental Social Governance (ESG) an Emergent and Fast Growing Area of the Law” at the Maryland State Bar Association 2021 Legal Excellence Week, Corporate Council Institute on November 16, 2021. But in 2021 all of that has changed in nearly every instance.

Legal 156
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Labor Department Will Not Enforce Anti ESG Rule

Green Building Law Update

Labor’s Employment Benefits Security Administration released the announcement as an enforcement policy statement under Title I of the Employee Retirement Income Security Act of 1974. including, advancing the use of environmental, social and governance (ESG) considerations in investments. By way of background, on Nov.

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SEC to Update Required Climate Related Disclosures

Green Building Law Update

Securities and Exchange Commission Allison Herren Lee, offered insight into the future direction of mandatory climate change disclosures and new ESG regulation, when she directed the Division of Corporation Finance to enhance its focus on climate related disclosure in public company filings. On February 24, acting chair of the U.S.

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Department of Labor Proposes to Remove Barriers to Considering ESG in Plan Management

Green Building Law Update

13, 2020, Labor published a final rule on “ Financial Factors in Selecting Plan Investments ,” which adopted amendments to the “Investment Duties” regulation under Title I of ERISA. The proposed rule has a comment period that runs through December 13, 2021. By way of background, on Nov.

Plans 156
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A Corporate Diversity Benchmark in ESG

Green Building Law Update

We are regularly asked if there is a checklist for ESG compliance and while there is not, with promised federal regulations not yet promulgated, there is good guidance available. If we can assist you or someone you work with in ESG strategy and solutions, from policy to project implementation, do not hesitate to reach out to me.

Maryland 156
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Rooney Rule Revised Provides ESG Opportunity

Green Building Law Update

In 2021, the NFL approved changes requiring every team to interview at least two external minority candidates for open head coaching positions and at least one external minority candidate for a coordinator job. Some businesses, including companies not subject to SEC regulation use the agency’s tool.