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ESG Disclosure Simplification Act of 2021

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Summary

This act aims to reduce the reporting burden on companies while promoting more consistent and comparable ESG disclosures. It would require the Securities and Exchange Commission (SEC) to review and consolidate its ESG disclosure requirements and issue new regulations that reflect current market practices and investor needs. The act also requires the SEC to take into account the materiality of ESG information and the costs and benefits of reporting, and to ensure that any new regulations are aligned with international reporting frameworks. The ESG Disclosure Simplification Act of 2021 is intended to provide investors with the information they need to make informed investment decisions while reducing the reporting burden on companies and promoting greater consistency and comparability in ESG disclosures.

Thumbnail image for This act aims to reduce the reporting burden on companies while promoting more consistent and comparable ESG disclosures. It would require the Securities and Exchange Commission (SEC) to review and consolidate its ESG disclosure requirements and issue new regulations that reflect current market practices and investor needs. The act also requires the SEC to take into account the materiality of ESG information and the costs and benefits of reporting, and to ensure that any new regulations are aligned with international reporting frameworks. The ESG Disclosure Simplification Act of 2021 is intended to provide investors with the information they need to make informed investment decisions while reducing the reporting burden on companies and promoting greater consistency and comparability in ESG disclosures.
Issuer

United States

Year

2021

Region

North America

Issuer (type)

Committee on Financial Services (Financial Regulator)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Global Reporting Initiative (GRI)
  • Other
Main industries targeted
  • Finance & Insurance
  • Public administration
  • Retail trade
  • Real Estate, Rental & Leasing
Restrictiveness

High

Sustainable Development Goals (SDGs)
  • SDG 2: Zero Hunger
  • SDG 10: Reduced Inequality
  • SDG 17: Partnerships for the Goals

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