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By George Boychuk
ESG investing involves the analysis of environmental, social, and governance (ESG) factors when making investment decisions. Such investment has gained increasing attention from fund managers in recent years, leading to rapid growth in ESG-focused mutual funds and exchange traded funds. That, in turn, has led businesses across a range of industries to promote and try to capitalize on their ESG credentials.
But ESG is more than just words, and such promotion has led to heightened scrutiny from a legal and regulatory standpoint. That includes governmental enforcement measures and civil litigation targeting false claims and other improper activities related to ESG, as well as the adoption of stronger public company disclosure requirements for ESG-related risks.
Governmental enforcement actions related to ESG are generally based on allegations of false or misleading claims, including claims by financial firms regarding their ESG investment principles, as well as representations by businesses about the environmental safety of their products. An important development in this regard was the Securities and Exchange Commission’s (SEC) establishment of a Climate and ESG Task Force, formed to...
Days after Hayden Panettiere recalled being put in bed with a well-known man by someone she trusted, social media sleuths zeroed in on one name Diana Jerkins. The former Real Housewives of Beverly...